FARMINGTON, Conn., May 21, 2013 /PRNewswire-iReach/ -- LEDs are used in linear tube lamps, building facades, large outdoor video screens, digital billboards, sport/stadium displays, small indoor retail displays, food displays (restaurants/supermarkets), signs on taxis and destination signs on mass-transit vehicles, channel-lettering/light-boxes, LED/LCD TV screens (used exclusively for professional purposes), and the list continues.
Global consumption of general lighting LED linear tube lamps reached a value of $194 million in 2012. In their newest report released last week, General Lighting LED Tube Lamps Global Market Forecast 2012-2022, ElectroniCast forecasts that this consumption value is forecast to increase at an average annual growth rate of 23% between 2012 and 2017 and 34.2 percent from 2017 to 2022, to nearly $2.37 billion in 2022.
"Compared to incandescent lighting, LED-based solid-state lighting (SSL) delivers visible light with reduced heat. Moreover, its solid-state nature provides for greater resistance to shock, vibration, and wear, thereby significantly increasing its lifespan, which also translates to lower maintenance/labor expenses," said Stephen Montgomery, the Principal Analyst- LED Practice at ElectroniCast Consultants. The term "solid state" refers to the fact that light in an LED is emitted from a solid object without moving parts or parts that can break, rupture, shatter, leak or contaminate the environment —a block of semiconductor—rather than from a vacuum or gas tube, as is the case in traditional incandescent light bulbs and fluorescent lamps.
Find online forecasts and learn more about the latest LED research by ElectroniCast at the following links:
Published April, 2013 | 573 Pages
The volume (quantity) of light emitting diodes placed in signage and professional displays reached 57 billion units worldwide. In the year 2018, consumption is forecast to reach 143 billion packaged LEDs in signage and professional displays. This report reviews and forecast standard-type and high brightness (HB) type LEDs used in signage and professional displays.
Published March, 2013 | 358 Pages
This report provides a review of 2012 and a 5-year (2013-2017) forecast of the consumption value of fiber optic fusion splicers, segmented into the following geographic regions and sub-regions, including North America, Europe, Asia Pacific, and the Rest of the World.
Published February, 2013 | 857 Pages
Worldwide total consumption value of HB-LED Driver ICs reached $1.79 billion in 2012. During the 2012-2019 timeline, the consultancy forecasts that the consumption value will grow at an average annual rate of 27 percent to $9.59 billion in the year 2019. Market forecast data in this study report refers to consumption (use) for a particular calendar year; therefore, this data is not cumulative data.
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About Global Information Inc. Global Information (GII) (http://www.giiresearch.com) is an information service company partnering with over 400 research companies around the world. Global Information has been in the business of distributing technical and market research for more than 30 years. Expanded from its original headquarters in Japan, Global Information now has offices in Korea, Taiwan, Singapore, Europe and the United States.
About ElectroniCast ElectroniCast specializes in forecasting technology and global market trends in electronics, fiberoptics, light emitting diodes (LEDs), advanced photonics, integrated circuits, microwave/wireless, and network communications.
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SOURCE Global Information, Inc.