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ElectroniCast says US consumption value of LED lamps will reach $2.77B by 2017

Aptos, CA (USA) -- ElectroniCast Consultants, a leading market research consultancy, announced the release of a just-completed market review and forecast of the consumption of Light Emitting Diode (LED) lamps in General Lighting applications in the United States of America.

According to ElectroniCast Consultants, the consumption of LED lamps in the United States was $891 million in 2012. The firm forecasts the consumption value will reach $2.77 billion in the year 2017 representing an average annual growth rate of 25.5% (2012-2017). Market forecast data in this study report refers to consumption (use) for a particular calendar year; therefore, this data is not cumulative data.

The ElectroniCast market study breaks-out the forecast by eight major lamp types: Parabolic aluminized reflector (PAR), General Service (Type A), Decorative, Multifaceted reflector (MR) Compatible, Tube, Street-lights, High-Bay, and specialty Flood lighting. The lamp categories, in turn, may have multiple sub-categories, which are determined by physical size of the lamp.

“In this new study, we added the high bay lamp category, as well as low bay/specialty flood lamps. High bay lamps are the most common type of lighting used in commercial facilities, such as warehouses, grocery stores, gymnasiums, and other large indoor spaces with high ceilings. LED-based luminaries are beginning to replace the traditional high intensity discharge (HID), metal halide (MH) and florescent lamps,” said Stephen Montgomery, principal analyst - LED Practice at ElectroniCast.

“Even though we are forecasting very steep average selling price declines for the LED-based high bay lamp, we predict the category to increase at nearly 20% per year in value,” Montgomery added.

The Multifaceted Reflector (MR) compatible is forecast for very impressive growth, as the LED solution continues to provide equivalent brightness and competitive pricing versus the (traditional) halogen MR lamp. LED-based general service lamps, such as “A-19” lamps are forecast for annual growth of over 30% as households’ find alternative lighting to the incandescent bulb. Also, LED-based Linear (Tube) Lamps, which are emerging as a competitor of fluorescent tubes, are forecast to reach a consumption value of over $150 million in the year 2017.

The primary appeal of LED street lighting is energy efficiency compared to conventional street lighting fixture technologies. According to ElectroniCast, the number of LED-based streetlights deployed in the United States will increase at an annual rate of over 40% (2012-2017); however, the average selling price (ASP) is forecast to drop dramatically over the forecast period.

According to ElectroniCast, the US consumption value of LED lamps in General Lighting is forecast to reach $2.77 billion in 2017.
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