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HB-LED Driver ICs General Lighting Applications to Reach $5.7 billion in the Year 2018 Finds ElectroniCast Consultants - According to ElectroniCast, the worldwide use of HB-LED Driver ICs General Lighting applications is forecast to reach $5.7 billion in the year 2018 - ElectroniCastconsultants.com
HB-LED Driver ICs General Lighting Applications to Reach $5.7 billion in the Year 2018 Finds ElectroniCast Consultants

 

NewswireToday - /newswire/ - Upper Lake, CA, United States, 2012/02/07 - According to ElectroniCast, the worldwide use of HB-LED Driver ICs General Lighting applications is forecast to reach $5.7 billion in the year 2018 - ElectroniCastconsultants.com.

   
 
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ElectroniCast Consultants, a leading market research consultancy, today announced the release of their 2012 market review and forecast of the worldwide use of High Brightness Light Emitting Diodes (HB-LED) Driver Integrated Circuits (ICs) in illumination. Values include LED Driver IC (packaged chip only).

The light emitting diode (LED) market, despite exciting innovative devices driven by technological advances and ecological/energy-saving concerns, still face challenges in overcoming performance/price limitations and in attracting widespread consumption. The use of HB-LED Driver ICs in general lighting, as well as several other applications discussed in this report service, is increasing. For example, in the general lighting application, the increase in consumption is initially driven from government-based retrofitting projects – then to commercial/business – and eventually to the consumer-level.

High Brightness (HB) LEDs face the challenge of creating definitive positions in the illumination market, as competing lighting solutions are readily available and generally accepted. While this does not limit the potential success of HB-LEDs, it does create some challenges. High Brightness (HB) LEDs, defined by ElectroniCast for the purpose of this study as component-level bulbs (packaged LEDs) with a lumens/Watt rating of 30 lm/W and above.

According to ElectroniCast (electronicastconsultants.com), of all of the applications covered in this study, the General Lighting application is forecast with the fastest growth. The worldwide consumption value of HB-LED Driver ICs in solid-state lighting (SSL) General Lighting applications reached $183 million in 2011. During the 2011-2018 timeline, we forecast that the consumption value will grow at an average annual rate of 63.4 percent to nearly $5.7 billion in the year 2018.

 
 
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HB-LED Driver ICs General Lighting Applications to Reach $5.7 billion in the Year 2018 Finds ElectroniCast Consultants

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Publisher Contact: Theresa Hosking - ElectroniCastConsultants.com 
707-275-9397 thosking[.]electronicastconsultants.com
 
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