Solid State and Other Energy Efficient Lighting Systems Market Forecast to 2015

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MarketsandMarkets Presents
Solid State and Other Energy Efficient Lighting
Systems, Application Market worth US53.5 Billion
by 2015
http//www.marketsandmarkets.com/Market-Reports/em
erging-lighting-technologies-and-global-market-120
.html
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According to a new market research report, Solid
State and Other Energy Efficient Lighting
Systems, Application and Market Trends (2010
2015)  published by MarketsandMarkets
(www.marketsandmarkets.com), the total global
solid state and other energy efficient lighting
systems market is expected to be worth US53.5
billion by 2015 out of which the CFL market will
account for nearly 31.2 of the total revenue.
The global market is expected to record a CAGR of
9.7 from 2010 to 2015. Browse 68 market data
tables and in-depth TOC on Solid State and Other
Energy Efficient Lighting Systems, Application
and Market Trends (2010-2015). http//www.market
sandmarkets.com/Market-Reports/emerging-lighting-t
echnologies-and-global-market-120.html Early
buyers will receive 10 customization of 
reports.                 
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The field of lighting has witnessed dramatic
technology developments in the past few decades,
especially in the subfields of solid state
lighting and other energy efficient lighting
technologies. Conventional incandescent bulbs are
likely to reach obsolescence with the arrival of
high-brightness LEDs or light emitting diodes.
LED lighting is gaining double digit growth
because of its unique features that include high
energy efficiency, high efficacy, long working
life, and robust weather proof design. Lighting
accounts for 20 of total energy consumption
worldwide and about 29 of total energy consumed
for domestic purposes. The imminent ban on the
use of incandescent bulbs in the U.S. and parts
of Europe and Asia will significantly boost the
solid state and other energy efficient lighting
market. The global solid state and other energy
efficient lighting market is estimated to reach
53.5 billion in 2015 from about 33.6 billion in
2010.
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The Asia Pacific region dominated the solid state
and other energy efficient lighting market in
2008 and stood at 13.0 billion in 2009, and was
expected to have the largest market share in 2010
and comprises 46.3 of the global solid state and
other energy efficient lighting market in 2010.
Asia has a large pool of solid state and other
energy efficient lighting market products
manufacturers due to the lower labor and overall
low manufacturing costs in the region and is also
a major consumer. Developed economies such as
the U.S. and Europe are also major consumers of
these products. The concern for healthy
environment in developed economies is one of the
major drivers for solid state and other energy
efficient lighting market. The solid state and
other energy efficient lighting products are also
environment friendly as they produce less carbon
dioxide and consume less energy, thereby reducing
the coal consumption for electricity generation.
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The increasing demand for energy-saving and
environment-friendly lighting technology is
driving the growth of the global solid state and
other energy efficient lighting systems market.
The global solid state and other energy efficient
lighting systems market is expected to grow from
33,630.3 million in 2010 to 53,469.5 million in
2015, at an estimated CAGR of 9.7 from 2010 to
2015. The three main submarkets of the solid
state and other energy efficient lighting market
are products, applications, and technologies. The
product market is segmented into submarkets for
light emitting diodes, organic light emitting
diodes, compact fluorescent lamps, cold cathode
fluorescent lamps and high intensity discharge.
The segment with the most market potential is
light emitting diodes and it is expected to grow
at a CAGR of 17.3 from 2010 to 2015 due to its
growing penetration into backlighting and pure
lightings application markets.
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