Global lamp market report

Prior to the advent of LED lamps, the market was relatively unchanged for decades. IMS Research has released its global lighting report “The World Market for Lamps & Luminaires in General Lighting.”

01/10/2013


IMS Research (acquired by IHS, Inc.) has released its global lighting report “The World Market for Lamps & Luminaires in General Lighting.” The report offers the most detailed view of the global lamp market by technology, shape and wattage, providing readers with an unparalleled view into regional and technological dynamics that are affecting this $27 billion market.

Source: IMS Research (acquired by IHS, Inc.)

Prior to the advent of LED lamps, the market was relatively unchanged for decades. While the introduction of CFLs as the energy efficient A-lamp of choice in the early 90s did lead to certain shifts within the market, the negative perception of the public towards their “white” light and quality control issues, didn’t allow them to strip incandescent lamps from their perch as the #1 lighting technology. Today, in the United States, CFL lamps only make up approximately 20% of the residential installed base.

IMS Research Senior Analyst Philip Smallwood states that “LEDs have changed the lamp world for good. The apparent global effort (see chart below) to phase out most incandescent A-lamps by either banning them or introducing minimal energy efficient standards is opening up the market in a way that would not have been possible in the past.” Source: IMS Research (acquired by IHS, Inc.)

The effect that the mass adoption of LED lamps will have on the market is twofold:

1) As revenue, it will increase. Lamp market value is expected to have a compound annual growth rate (CAGR) of 31% from 2011 through 2015. This is due to the extreme differences of LED lamp prices vs. incumbent technologies. For example, in the United Stated, a 60W A-lamp incandescent lamp will have an approximate retail price of $0.50 while its LED replacement lamp will have a retail price over $20.

2) As units, it will decrease. A-lamp shipments for all technologies are forecast to have a CAGR of -11% from 2011 through 2020.     

Regarding the reduction in the units, Smallwood further explained that “The long life of LED lamps (25,000 hours vs. 1,000 hours for incandescent) will create a “socket saturation” effect, where each LED installation will effectively decrease the replacement lamp market by one unit.  While regional differences due to light preferences and consumer purchasing power will slow down the adoption of LEDs, it is predicted that this overall shrinking pattern will continue through 2020.”



No comments
Consulting-Specifying Engineer's Product of the Year (POY) contest is the premier award for new products in the HVAC, fire, electrical, and...
Consulting-Specifying Engineer magazine is dedicated to encouraging and recognizing the most talented young individuals...
The MEP Giants program lists the top mechanical, electrical, plumbing, and fire protection engineering firms in the United States.
40 Under 40; Stand-alone medical buildings; NFPA 92; Specialty fire suppression; Applying 90.1 in lighting design
2016 Product of the Year Finalists: Vote now; Data center Q&A; LED codes; Smart buildings
Fire pump power system design: How to design safe, reliable fire pump power service; Water management in commercial buildings; Emergency egress, illumination
Designing generator systems; Using online commissioning tools; Selective coordination best practices
Understanding transfer switch operation; Coordinating protective devices; Analyzing NEC 2014 changes; Cooling data centers
Designing positive-energy buildings; Ensuring power quality; Complying with NFPA 110; Minimizing arc flash hazards
As brand protection manager for Eaton’s Electrical Sector, Tom Grace oversees counterfeit awareness...
Amara Rozgus is chief editor and content manager of Consulting-Specifier Engineer magazine.
IEEE power industry experts bring their combined experience in the electrical power industry...
Michael Heinsdorf, P.E., LEED AP, CDT is an Engineering Specification Writer at ARCOM MasterSpec.
click me