High brightness LED is the light emitting diode light which produces very bright light over 50 lumens i.e. 4 candela. High brightness LED consumes power less than 1 Watt. LED offers many advantages over traditional lighting products such as longer lifetime, compact size, low energy consumption, enhanced physical robustness, rapid switching time etc. The global high brightness LED market is expected to rise at a CAGR of 10% during the forecast period 2016-2023. Due to the oversupply of LED products and large growth in the LED industry, the average selling price of high brightness LED has decreased. According to Consumer Reports, in India, the price of the LED bulbs have decreased to Rs 38 in 2017 which was recorded to be 55 in 2014. Therefore, the decreasing price of LED bulbs have led to the increased adoption of high brightness LED.
The key factor driving the growth of global high brightness LED market is the increasing demand for energy efficient lighting products. Due to the increase in the global power consumption, there has been increased demand for energy saving lights. According to National Institute of Building Sciences, more than $37 biliion is spent annually in the United States on electricity power and approximately 25% of the electricity budget is spent on the electricity and lighting. Furthermore, for commercial application, 30% of the total electricity power is consumed. Furthermore, according to electrical technology, the traditional high discharge lamps and incandescent lamps consume up to 90% of the total energy power. Therefore energy efficient lights such as compact fluorescent lamp (CFL), high brightness LED, etc are being increasingly adopted. Moreover, according to Electrical Technology, 90% of the electricity power is wasted in traditional incandescent lamps while only 10% of the electricity power is wasted in high brightness LED. Therefore, the increasing demand for energy efficient lighting products in driving the growth for global high brightness LED market.
Source: OBRC Analysis.
The report on global high brightness LED market includes material type, package type and applications.
Material types include:
-
Indium Gallium Nitride (InGaN)
-
Indium Gallium Aluminum Phosphorus (InGaAlP)
-
Package types include:
-
Low power LED packaging
-
Medium power LED packaging
-
High power LED packaging
Applications of high brightness LED include:
-
Automotive
-
General Lighting
-
Backlighting
-
Mobile Device
-
Signals & Signage
-
Others
The report scope is widely categorized on the basis of its material types which include network Indium Gallium Nitride (InGaN) and Indium Gallium Aluminum Phosphorus (InGaAlP). The report scope does not include any software.
The global high brightness LED market report has been geographically segmented in:
-
North America (U.S. & Canada)
-
Asia Pacific (China, India, Japan, RoAPAC)
-
Europe (UK, France, Germany, RoE)
-
Rest of World
Asia Pacific is the largest market region for global high brightness LED market in terms of market revenue share. The key factors driving the market growth in Asia Pacific is the large market for LED in China and the on-going technological advancements in the LED technology. Furthermore, according to U.S Department of Energy, the Chinese LED market is growing at an impressive CAGR of 15.3% in 2015 which had increased from 13% in 2014 which further increased from 10.7% in 2013. Furthermore, the presence of leading LED manufacturing companies in Asia Pacific region such as Epistar, LG Innotek, Moritex, Nichia etc. are driving the growth of global high brightness LED market. However, North America is expected to emerge as the fastest growing market region during the forecast period 2016-2023 owing to the increased adoption of high brightness LED for energy conservation and to promote green technology.
Global high brightness LED market report covers segmentation analysis of material type, package type and applications. Report further covers segments of material type which includes Indium Gallium Nitride (InGaN) and Indium Gallium Aluminium Phosphorus (InGaAlP). Indium Gallium Nitride is the leading material segment due to the advantages of gallium nitride such as high electron mobility, higher critical electric field strength etc. Report further covers segments of material type which includes low, medium and high-power LED packaging. Whereas the applications of high brightness LED include automotive, general lighting, backlighting, mobile device, signals and signage etc. The general lighting segment is the leading application segment owing to the changing consumer preference and increased adoption of high brightness LED instead of traditional bulbs in the households and for general applications. There has been significant growth in the sales of replacement lights, outdoor lights, down lights, etc. However, the signal and signage is expected to be the fastest growing application segment owing to the capability of high brightness LED to produce light of multiple colours/ wavelength with minimum dissipation of power.
The major market players of the global high brightness LED market are:
-
CREE INC.
-
GE LIGHTING
-
LG INNOTEK
-
NICHIA CORPORATION
-
SEOUL SEMICONDUCTOR CO., LTD
-
OTHERS
These companies are using various strategies such as merger & acquisition, collaboration, partnership and product launch. Whereas, product and service launch is the key strategy adopted by the companies in the high brightness LED market.
For Example; In September 2016, Cree Inc. announced the launch of its new high brightness LED named XLamp XP-L2 LED which would 7% more luminance. It is based on the SC5 Technology Platform developed by Cree Inc.
In 2014, General Electric had launched its high brightness LED series named GE Evolve LED N Series. This series consists of outdoor area lighting along with 3 new matching fixtures.
The report covers detailed analysis of companies which comprises overview, SCOT analysis, product portfolio, strategic initiative, strategic analysis, competitive landscape and market share analysis in high brightness LED market.
Key reason to buy the report:
-
The report includes market estimation, forecast and analysis for the year 2016-2023
-
Report includes detailed analysis of different segments such as material type, package type and applications of high brightness LED market.
-
Identify and understand the strength, opportunities, challenges and threat of the high brightness LED market.
-
Covers details analysis of Porters 5 force model and other strategic models and also covers revenues, market share analysis, and competitive landscape analysis of major players of voice communication segment market.
-
Detailed analysis of various the regulatory policies which are affecting the global high brightness LED market.
How we are different from others:
At Occam’s we provide an extensive portfolio which is comprehensive market analysis along with the market size, market share, and market segmentations. Our report on global high brightness LED market offers detailed analysis of strategic models such as investment vs. adoption model, see saw analysis and others strategic models. Also, the report contains the detailed analysis of application, adoption scenario and decision support for each segment. The report discusses competitive landscape of the high brightness LED market, with giving extensive SCOT analysis of key companies.
Key findings of the global high brightness LED market:
-
The key factor driving the growth of global high brightness LED market is the increasing demand for energy efficient lighting products.
-
Asia Pacific is the largest market region for global high brightness LED market in terms of market revenue share.
-
The general lighting segment is the leading application segment.
-
Product and service launch is the key strategy adopted by the companies in the high brightness LED market.
Occams Business & Research & Consulting Pvt.Ltd