The General Lighting LED lamp consumption is forecast to reach USD 6.67 billion by 2019 in Asia Pacific, Finds New Report

The market forecast is segmented by 8-major LED Lamp categories and 3-major End-User categories: Government, Commercial / Industrial and Residential. The study also provides a detailed forecast by geographical segments: China, Korea, Japan and Rest of Asia.

According to this report – in 2014, the APAC region consumption value of LED lamps, which are used in General Lighting, reached USD 2.72 billion and would be increasing to USD 6.67 billion in 2019.  Market forecast data in this report refers to consumption (use) for a particular calendar year; therefore, this data is not cumulative data. The consumption value will increase with strongly rising quantity growth partially offset by declining average prices.  All values and prices in this report are at factory-levels, and are in current dollars, which include the effect of a forecasted 5 percent annual inflation rate over the forecast period.

General Lighting Stationary Applications:  General Lighting is lighting that is used to provide the main illumination of an area. It includes Directional Lighting, Supplementary Lighting and Architectural Lighting in the General Lighting category.  In 2015, “architainment lighting” – a blend of architectural and event lighting has been added to the General Lighting segment.  LED lamps used in signage (digital sign boards) and displays (back-lighting units for LCD/other screens) are not included in the General Lighting segment; however, lamps used in display windows or display cases (for example: retail store displays) are now included in the General Lighting segment.  LEDs in signals (for example traffic signals), portable flashlights (torches) and decorative Christmas/holiday lighting are not included in the market forecast data for this study.

LEDs are used in both functional and decorative light fixtures, with an advantage of energy savings. Compared to incandescent lighting, LED-based solid-state lighting (SSL) delivers visible light with reduced heat. In addition, its solid-state nature provides for greater resistance to shock, vibration and wear, thereby significantly increasing its lifespan.

According to this report, General Lighting LED lamp consumption in APAC is forecast to reach USD 6.67 Billion in 2019.

To know more about this report please visit:    http://mrr.cm/4cn 

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