Sep 16 2014
Research and Markets has announced the addition of the "LED Lighting Market Report - UK 2014-2018 Analysis" report to their offering.
This unique report answers the need for both a quantitative and qualitative analysis of LED lighting products with estimates and forecasts on market size, trends and future prospects through to 2018, the report is comprehensive, informative and will facilitate operational and strategic decision-making processes.
In 2013, the UK LED lighting market was estimated to be worth £330 million at manufacturers' selling prices (MSP), this incorporates all finished, mains-operated LED lighting products, domestic and non-domestic used within construction and building.
The LED lighting market is experiencing an explosion in growth as the new technology becomes more widely accepted in the mainstream lighting market, further encouraged by energy cost savings and CO2 concerns, driven by legislative changes, in turn resulting from environmental pressures.
The market is largely reliant on total system upgrades and new installation applications. As a relatively new market, replacement products have therefore much less influence on performance than in overall lighting at this stage. Non-domestic end users dominated in 2013, accounting for 96% of market value, whilst the domestic sector was estimated to account for £13 million.
Infrastructure is the leading sector within LED lighting with many councils, replacing and planning to replace conventional street lighting with LED lighting. They are attracted to the significant energy cost savings, lower CO2 output and long life cycles primarily. The Leisure & Entertainment and Health & Education sectors have been high early adopters of LED lighting and will continue to be major end use sectors in the near to medium term. Retail use is growing whilst office, industrial and lastly domestic use will expand significantly over a longer time period.
In 2013, the LED lighting market was characterised mainly by sales of LED luminaires, accounting for 75% of the market, with the rest of the market made up by Replacement LED lamps and LED controls and accessories. The new use of this technology for lighting often requires installation of specific luminaires in order to achieve the full benefits and this also reflects the fact that LEDs are often installed as part of a larger refurbishment or new build project requiring new luminaires.
Source: http://www.researchandmarkets.com/