Yole forecasts LED luminaire revenue to reach $435M in 2013 and $516M by 2016

Pars Mukish, Market and technology analyst, LED at Yole Développement says “We estimate that LED luminaire revenue will reach $435M in 2013 and peak at $516M by 2016, fuelled by the increased need for energy efficiency. Growth will be driven firstly by tunnel lighting, and then relayed into highway, road, residential and amenity lighting applications starting in 2014. By 2017, market size should decline because of a decreasing replacement market (due to LED-based systems’ higher lifetime) and also because of LED luminaire’s ASP”. Other points, comments and analysis by Yole on LED luminaire market: Designing with LED implies major changes for conventional luminaire manufacturers – mostly at the optical, electrical and physical levels. With the move to LED technology, traditional luminaire manufacturers face dramatic organizational changes, such as integrating electronic competencies, upgrading optical competencies, taking ownership of the light source (SSL), and revamping production organization. Consequently, internal revolution is required within luminaire companies in order to take full advantage of the LED boom. “Compared to other lighting applications (residential, commercial, etc.), the outdoor lighting supply chain involves more associated/parallel industries, such as the pole and bracket industry, the control industry and the cable industry”, explains Christophe R...