March 29, 2012 — Light emitting diode (LED) replacement lamps — used in existing sockets as replacements for legacy lighting sources in residential and commercial indoor applications — will see 30% unit growth 2012-2016, says Strategies Unlimited in its LED Replacement Lamps Market Analysis and Forecast. The global market will grow from $2.2 billion in 2011 to $3.7 billion in 2016, even with an anticipated 14%/year decline in average selling prices (ASP).

LEDs remain in oversupply on the market, which will benefit lighting product manufacturers. Governmental subsidies that aim to advance the adoption of LED lighting will also spur growth.

While 2011 saw replacement LED purchases driven mostly by commercial applications in developed economies, this trend will reverse to developing countries as the construction sector picks up. China is expected to adopt LED replacement units at a 44% compound annual growth rate through the forecast period — the highest for any region.

LED replacements for linear fluorescent lamps yielded the highest units sales numbers in China and Japan; between 2010 and 2011 the average selling price declined at 23%. The U.S. and European markets yielded fewer sales due to stricter requirements for product quality.

Strategies Unlimited conducts research on the LED market as is a research unit of PennWell Corporation, a global media and information company. PennWell’s many brands include LEDs Magazine, Solid State Technology, and Laser Focus World.

For more information on report availability, contact Tim Carli, sales manager at +1 650 946-3163; [email protected], or go to www.strategies-u.com.