Shipments of LED Lamps and Luminaires to Exceed 500 Million Units in Asia
Over the same period, the cleantech market intelligence firm finds, sales of virtually all other forms of lighting -- including incandescent, T8/T5, and compact fluorescent lamps -- will decline steadily.
"High upfront costs and a lack of customer awareness remain issues for the Asia Pacific LED market," says senior analyst Andy Bae. "But the news media has been touting recent price declines, and lighting manufacturers in the region are continuously expanding their product lineups to meet demand."
Indeed, some countries in the region have been early pioneers in developing energy-efficient lighting systems. Japan revealed its plans to lead the LED lighting industry through its 21st Century Light Project more than a decade ago, and launched several LED subsidy and support programs not long after. For its part, Taiwan established a Next Generation Light Source Technology Development & Supply Strategy, which called for a greater reliance on LED lighting and material production and reduced focus on the nation's traditional business of semiconductors.
The commitment to LED lighting by China, meanwhile, is enormous. For instance, the city of Shenzhen plans to install LEDs in more than 90% of public lighting applications, street lighting, and commercial spaces in the next decade.