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LED Lighting Digest

ReneSola Insights

2015-11-20 13:34:56

LED Lighting Digest

The global LED lighting headlines you need to know this week for your business decisions.

Prices of LED Lighting Bulbs Rose Significantly in October.

The global average price of 40W LED replacement light bulbs rose 2.8% monthly to US$11.1 in October, while the average price of 60W replacement bulbs rose 3.5% to US$15, according to industry research house TrendForce.

LEDinside analyst Allen Yu said that vendors in the US and Europe have called a truce in their price war after three consecutive quarters of downtrend. Prices of some promoted products thus saw a noticeable rebound in the first half of October. LED package prices in China continue to slide as the industry’s overall capacity utilization rate remains low.

On a monthly basis, the average price of 0.2W 2835 products, which are mainly supplied by Chinese companies, dropped slightly by 1.6% in October. In the 5630 package segment, other major international suppliers led the charge in cutting prices for mid-power products. The average price of low-power 5630 products also dropped by another 4% in October after it had fallen 6.79% in September.

Moreover, the UK market saw an average monthly increase of 9.9% after witnessing relatively large declines for three consecutive quarters. Prices have been generally stable in the US, while in Asia prices were constant in October with the exception of the Japanese market, which saw a 4.5% drop. For the rest of the world, LED bulbs prices remained constant in October.

Source LEDinside

LED Lighting Market to Reach US$30.5 bln in 2016

The scale of the LED lighting market will reach US$25.7 billion in 2015 and expand to US$30.5 billion in 2016 according to industry researcher LEDinside. The penetration rate of LED lighting is also projected to climb from 31% in 2015 to 36% in 2016.

Sharp price declines have severely impacted the margins of replacement products such as LED light bulbs and light tubes. Consequently, lighting companies begin to shift their focus to professional lighting markets and hope that increases in government spending, especially in new public projects, will create new opportunities. Sectors with tremendous growth potentials include industrial lighting, commercial lighting and architectural lighting.

Prospects are bright for the US and Indian lighting markets as applications diversify. Lighting companies have focused on professional lighting solutions in developed markets such as the US, Europe and Japan. In the emerging markets, rapid economic growth, favorable government policies and mega urban projects are constantly generating new opportunities.

Source: LEDinside

2015 Infrared LED Market to See 8% Growth

The infrared LED market is expected to grow at a compound annual growth rate (CAGR) of nearly 8% between 2014 and 2020 according to IHS. This growth is supported mainly by solid machinery production growth, high powered infra-red LEDs in CCTVs and smoke detectors. Due to slowing growth in the mature consumer market (where year-over-year infrared LED revenues are projected to be down nearly 5% in 2015) and the economic situation this year in China and the world, 2015 infrared revenue will only grow by 3%. While the Asia Pacific region accounted for nearly 69% of total infrared revenue in the forecast period of 2014 to 2020 (based on products shipped to location). In consumer applications, where low cost emitters for remote controls lead the market, APAC is even more dominant; however, in smoke detectors and CCTV cameras, there is a stronger market in the West - particularly in Europe.

Source: ofweek

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