Boom predicted in LED market Asia-Pacific.
A new market forecast of the global consumption of LED use in professional displays and signage has been released by researcher ElectroniCast, who predict that future consumption value will increase with rising quantity growth largely offset by declining average prices.
The current market shows the American region and the Asia Pacific region have an even share, however, the APAC region is forecast to expand at a more rapid pace until 2017. This expected expansion will include LEDs used in sport and stadium displays, digital billboards, building facades, commercial displays, outdoor video screens, indoor retail displays, LED TV screens used in professional settings, to name just some.
As of 2012, 20% of the global consumption value is shared by the EMEA, the Europe, Middle East and African region, but forecast for their market growth is expected to be even over the next few years to 2017, suggests the company’s recent market review.
ElectroniCast considers standard-type versus HB-LEDs used in signage and professional displays. HB-LEDs are defined by the research company as component-level bulbs with a Lumens/Watt rating of 30 lm/W and above. Standard type LEDs are the clear market leader in terms of volume, with over 95 percent so far in 2012, however, since there is a huge difference in average selling prices between HB-LEDs and standard LEDs, HB-LEDs hold the greatest value in terms of consumption.
The research indicates usage of the UHB (Ultra-High Brightness), that is LEDs with over 70lm/W, is still small, the overall effect expected to show the HB-LED category with only a slight annual decrease in terms of average selling prices between 2011 and 2017, report ElectroniCast.
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