Light Sources Overview: LED Lights the Way

Rising electricity costs lead to calls for greater bulb efficiency

Minimum energy performance standards become the new norm as electricity costs have risen significantly in most regions. Consumers now expect lighting products to help save money on their bills.

Product innovation rather than replacement drives consumer demand

As incandescent bulbs are replaced by low energy alternatives such as halogen, CFL, LFL and LED, consumer preferences will be determined by the lighting characteristics of these products, such as colour, temperature, light shape and intensity, rather than just low energy consumption.

The extended life of energy efficient bulbs, also reduces purchase frequency, making innovation vital to boost sales.

A wide variety of applications using internet connectivity and halogen bulbs and LED lamps, means more lighting products becoming part of the “internet of things”.

Rapid trend changes means rapid product development

Manufacturers must be able to understand and adapt swiftly to rapidly changing consumers’ tastes and preferences. Sales trends are also diversifying regionally, with more pronounced category-shaping variations, occurring more quickly.

New products challenge LEDs

While LED is only starting to establish itself as the new bulb standard, other technologies are queuing up to offer more differentiation. OLED is getting a lot of the attention but it is one of a number of innovative developments that threaten the standard of LEDs.

What this report includes

• Top-level strategic analysis of how major consumer trends will influence global markets
• Consumer insight
• Impact across all relevant consumer markets
• Unique graphics and case studies
• Key market snapshots
• Accompanying presentation to synthesise main findings

Why buy this report

• Identify factors driving change now and in the future
• Understand motivation
• Forward-looking outlook
• Briefings and presentation should provoke lively discussion at senior level
• Take a step back from micro trends
• Get up to date estimates and comment