• Home
  • About Us
  • Contact Us
Semiconductor for You
  • Home
  • Semiconductor News
  • Technology
    • Automotive
    • Consumer Electronics
    • IoT
    • Lighting
    • Power Management
    • Wireless
    • Personal Electronics
    • Hardware & Software
    • Research
    • Medical Electronics
    • Embedded Design
    • Aerospace & Defence
    • Artificial Intelligence
  • DIY Projects
  • Market
  • Industries
    • Renesas Electronics
  • Knowledge Base
  • Events
  • Tools
    • Resistor Color Code Calculator
No Result
View All Result
  • Home
  • Semiconductor News
  • Technology
    • Automotive
    • Consumer Electronics
    • IoT
    • Lighting
    • Power Management
    • Wireless
    • Personal Electronics
    • Hardware & Software
    • Research
    • Medical Electronics
    • Embedded Design
    • Aerospace & Defence
    • Artificial Intelligence
  • DIY Projects
  • Market
  • Industries
    • Renesas Electronics
  • Knowledge Base
  • Events
  • Tools
    • Resistor Color Code Calculator
No Result
View All Result
Semiconductor for You
No Result
View All Result
Home Semiconductor News

LEDs rising from 60% of overall lighting market in 2016 then 80% in 2020 and 98% by 2025

Semiconductor For You by Semiconductor For You
June 4, 2021
in Semiconductor News
0
ADVERTISEMENT

The LED lighting market grew 18.1% to $47,303m in 2016, accounting for almost 60% of global lighting, according to the report ‘Global LED Lighting Market (2017 Update)’, part of Frost & Sullivan’s Homes & Buildings Growth Partnership Service program. By 2020, LED lighting is likely to account for 80% of the total lighting market (creating an $80bn market), rising to 98% by 2025.

The residential LED lighting market in particular will see grow 16.7% year-on-year in 2017. However, although the residential, outdoor and retail sectors make the highest contributions at present, office, industrial and hospitality are expected to be future growth sectors.

LED market evolution continues with a steep decline in cost per unit, high energy-efficiency ratings, a market shift toward these lighting solutions, and favorable government initiatives driving adoption, notes the report. The Internet of Things (IoT) will disrupt the market, shifting focus from energy efficiency, product reliability and O&M costs to include controllability, connectivity and technology integration in smart buildings and smart cities.

“New technologies driven by IoT, such as light-as-a-service (Laas), will usher in connected lighting and living, enabling better energy management and new services and business models like financing and leasing,” says Frost & Sullivan’s Energy & Environment research analyst Sabnam Gafoor. “On the flip side, new business models and an influx of new players from the Asia-Pacific will make the future market a fragmented one.”

The Asia-Pacific region contributes the most to global market revenue. Express construction in many Asian countries, government endorsement of energy-efficient lights in India and China, and the existence of a large number of LED chip and package factories in China, Japan, South Korea and Taiwan are factors driving growth. Worldwide, the regions that will see the highest growth rates are India, Asia-Pacific, Latin America and Africa.

Frost & Sullivan notes that organic LEDs (OLEDs) are gaining popularity as a solid-state lighting (SSL) technology due to their ability to emit warm light over large areas, provide color comfort, and bring improved form factors to the lighting industry.

“To remain competitive and relevant in an evolving ecosystem, LED players should seek to improve manufacturing efficiencies by adopting a larger wafer size, utilize intelligent lighting through integrated control devices, implement active and passive cooling techniques for device longevity, and replace expensive substrate materials with cheaper alternatives,” concludes Gafoor.

Content Protection by DMCA.com
Tags: LED
Semiconductor For You

Semiconductor For You

Browse by Category

  • Aerospace and Defence
  • Articles
  • Automotive
  • Consumer-Electronics
  • Hardware & Software
  • Interview
  • IoT
  • Knowledge Base
  • Lighting
  • Market
  • personal-electronics
  • Power Management
  • Research
  • Semiconductor Events
  • Semiconductor News
  • Technology
  • Wireless
Semiconductor for You

Semiconductor For You is a resource hub for electronics engineers and industrialist. With its blend of
technology features, news and new product information, Semiconductor For You keeps designers and
managers up to date with the fastest moving industry in the world.

Follow Us

Browse by Category

  • Aerospace and Defence
  • Articles
  • Automotive
  • Consumer-Electronics
  • Hardware & Software
  • Interview
  • IoT
  • Knowledge Base
  • Lighting
  • Market
  • personal-electronics
  • Power Management
  • Research
  • Semiconductor Events
  • Semiconductor News
  • Technology
  • Wireless

Recent News

New SPI Absolute Encoder Supports 9 mm to 15.875 mm Motor Shafts

New SPI Absolute Encoder Supports 9 mm to 15.875 mm Motor Shafts

June 11, 2025
Infineon Secures the Future with 10 Billion Integrity Guard Chips Delivered

Infineon Secures the Future with 10 Billion Integrity Guard Chips Delivered

June 11, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2022 Semiconductor For You

No Result
View All Result
  • Home
  • Semiconductor News
  • Technology
    • IoT
    • Wireless
    • Power Management
    • Automotive
    • Hardware & Software
  • Market
  • Knowledge Base
  • Tools
    • Resistor Color Code Calculator

© 2022 Semiconductor For You