September 15, 2014: With the increasing importance given to LED lighting not only in USA and Europe, but recently more so in Japan, South Korea, China and India, a sales of more than 1 billion LED lamps globally is expected by end of 2014, which can be estimated to result in a revenue growth of 30-40% in 2014. By 2016, this figure is estimated to reach 3 billion unit of shipment of LED lamps.
Revenue to be generated
The total revenue generated by LED lamps in 2014 is estimated to be US$ 6-8 billion. If LED chips shipment is considered, it is 4 to 6 times the LED lamp shipment. These LED lamps include spotlights, bulbs, LED-luminaries, streetlights and tubelights.
Growth of LED market
The global high brightness LED market is expected to grow at 20% in 2014 and the total high brightness LED sales in 2014, including lighting, LCD backlighting, indusrial, and others, is estimated to be about US$ 25 bilion. This excludes LEDs used in front panels of electronics systems and devices used for signal indication.
LED market in 2014 and 2015 may see China ?dumping? low cost products to the developed regions. Some industry experts are predicting a temporary dip in the LED market in 2015 due to excessive supply, mainly from the Chinese manufacturers.