2023 LED lighting market will reach $ 25 billion

　　Thanks to superior performance and keep costs decline , LED lighting market will grow 12 -fold over the next decade , the annual compound growth rate of 25% , to 2023 the market from the current $ 2 billion to $ 25 billion .

　　" With the sharp decline in the cost of LED packaging , and light efficiency would be enhanced , and therefore the amount of the cost structure of the LED lamps has been a change , but also for other devices such as secondary optics to bring market opportunities and drive ." Lux Research said the company christopher Hwang " this trend also affects the rate of adoption of embedded modules, high bay lights and street lamps in new technologies, such as AC LED and high CRI LED".

　　Lux Research analysts expect will reduce the efficiency of LED packaging costs , due to the efficiency , yield enhancement and high-volume use , LED packaging costs will drop 80 percent , fell to $ 4 / thousand lumens. Therefore , the cost of materials to the 2023 standard for embedded modules 3500lm lamp will drop 35 percent , from $ 85 in 2013 fell to $ 55 .

　　AC LED lighting will become cost-competitive products in 2018 , but its advantage is still only in the low-power applications, such as embedded modules lamps. In contrast, high CRI lighting products will continue to be special , to 2023 costs are still high 9%.