Novus Light Home

Blog

Lighting trends in 2015

The recent restructuring by major global lighting companies will allow LED makers to raise capital for investments in 2015. According to “Top Lighting and LEDs Trends for 2015,” a new white paper issued by IHS, last year's restructuring could lead to improved margins for leading companies, along with the potential for lower product prices for consumers.

Following are 10 predictions for the lighting and LED industry for 2015, from the IHS technology research team:

1. China will continue to grow. The coming year could be pivotal for the global LED industry, given the growing market share of Chinese LED companies throughout the value chain. “In order to compete with international companies and maintain their growth, Chinese vendors must overcome negative perceptions of product quality that continue to plague them, even while they maintain their low pricing,” according to William Rhodes, research manager of lighting and LEDs at IHS Technology.

2. The sky is the limit for cloud-based smart lighting. The market for cloud-based smart lighting is unlikely to gain market share in 2015, because public knowledge of companies offering solutions remains limited; however, increased marketing of cloud-based smart lighting could gain mindshare in 2015, positioning the market for future growth.

3. Changing fortunes for lighting companies expected in 2015. The reorganization of the top three lighting manufacturers could turn them into pure-play lighting companies focused on dynamic markets, which would offer greater growth potential. The restructuring will also allow LED makers to raise capital for further investment, and will also let them reduce the hierarchal burden associated with being part of a large conglomerate. “Changes in the corporate structure, could lead to improved margins for the companies, and possibly lower-priced products for consumers,” Rhodes said.

4. Li-Fi, a brighter way to communicate. Visual light communication (LI-Fi) is a new and emerging technology, but implementations of pilot projects, along with greater media interest, is forecast for 2015.

5. Is lighting poised for a quantum leap? As quantum-dot LEDs (QD-LEDs) still have some challenges to overcome, the market will not likely to see vast quantities of commercially available products by 2015 or 2016; however, in the medium to longer term, QD-LEDs could kill off the OLED display market and cause deep disruption to the lighting industry as a whole.

6. OLED luminaires, and where to purchase them. Mass-market adoption of OLED lighting is not projected to occur in 2015, but retailers will likely start to offer a premium range of OLED luminaires, which undoubtedly will help create more interest in the overall OLED market in the coming year.

7. LED filament bulbs: incandescent beauty with an LED twist. LED filament lamps, which combine the benefits of LED lamps with the familiar design of incandescent bulbs beloved by traditionalists, are now starting to match other LED offerings, in terms of efficiency, price and color-rendering capabilities. 

8. Packaged LED industry is moving downstream and getting smarter. Smart lighting is another way for companies to attempt to add value and improve profit margins. As the LED lighting market moves downstream with modules and light engines, incorporating smart lighting sensors and controls will be a key trend in 2015.

9. Is your streetlight all that it seems? In the coming year, a couple of smart street lighting pilot projects (e.g., incorporating electric vehicle charging or mobile phone masts into the luminaires) are expected to start moving to larger city-wide installations. “with developments in new technology, as well as the ever-expanding phenomenon of the Internet of Things (IoT), the role that street lights play in our world is set change completely,” Rhodes said.

10. Automotive applications driving optoelectronic components market. With LED headlamp penetration increasing, gesture control getting increasing interest, and hybrid and electric vehicles sales continuing to grow; 2015 will be a lucrative year for the optoelectronic components suppliers who focus on the automotive industry.

Labels: lighting,LED,quantum dot,street lights,OLED,Li-Fi,automotive,packaging,IOT,smart lighting,IHS

Back Back to News
 

Illuminating Products

Copyright © 2018 Novus Media Today Group, LLC. All rights reserved. Website design and build by MM Design.