Industry
analyst firm NanoMarkets has just published its latest forecasts of
the OLED lighting market predicting a $1.4 billion market opportunity
in 2019.
Glen
Allen, Virginia (May 15, 2014) -- Industry analyst firm
NanoMarkets
has just published its latest forecasts of the OLED lighting market
predicting a $1.4 billion market opportunity in 2019. The report,
"OLED Lighting Markets-2014" (Code Nano-721) notes
that while the sector has foundered for the past few years it now
appears to be worthy of some renewed optimism based on both on both
improvements in OLED lighting panel performance and recent expansion
of manufacturing facilities.
Details
of the report, including a table of contents and downloadable slides
are available at
http://www.nanomarkets.net/market_reports/report/oled-lighting-markets-2014.
A
companion report titled OLED Materials Markets 2014 will be issued in
early June. See
http://www.nanomarkets.net/market_reports/report/oled-materials-markets-2014.
Highlights:
OLEDs
aren't just for luxury lighting any more. The efficacy and luminance
of OLED lighting panels are reaching levels where OLED lighting firms
can claim that their products are truly energy efficient and have the
brightness that make them a practical form of lighting for offices
and homes. For example, LG Chem says that next year it will have 135
lm/W panels with 5,000 cd/m2 luminance.
Until
recently, most of the output of the OLED lighting business was
development kits for designers. However, in the next few years,
revenues from kits will be rapidly overtaken by revenues from OLED
luminaires, with revenues from OLED luminaires for homes reaching
almost $400 million in sales by 2019 and revenues from OLED office
luminaires reaching almost $380 million in the same year.
OLED
capacity continues to grow. In the past three years, Osram and
Philips have invested $25 million and $57 million respectively in
setting up OLED production lines. Meanwhile, Konica Minolta is
currently constructing an OLED mass production facility at an
approximate investment of around $100 million.
By
next year, worldwide capacity for OLED lighting panels is expected to
be around 30 million panels. This number is expected to grow to
almost 40 million by 2019. NanoMarkets believes that in the next five
years there will be a major influx of low-cost (and possibly
government subsidized) Chinese suppliers that will force down OLED
lighting prices in a manner similar to what the solar panel industry
has experienced.
About
the Report:
This
report provides a comprehensive analysis of the OLED lighting market,
assesses its future potential and offers detailed eight-year
forecasts for the OLED lighting business including volume (units and
square meters shipped) and value projections of the following market
segments: designer kits and related products, office and commercial
lighting, residential lighting, non-automotive outdoor lighting,
automotive lighting and customized installations.
The
report also includes projections of manufacturing capacity for OLED
lighting panels and an assessment of which geographic regions will
prove the best customers for OLED lighting.
In
addition, we examine the product development and marketing strategies
of the leading and influential players in the OLED lighting sector,
including both large and small lighting firms and the key OLED
material suppliers. Among the firms discussed in this report are
Acuity Brands, Audi, BASF, Blackbody, BJB, Cheil/Novaled, Dupont
Teijin, ETAP Lighting, First-O-Light, Ford, Henkel, Kaneka, Konica
Minolta, Ledon, LG Chem, Lumiotec, MC Pioneer, Merck, NEC Lighting,
OLEDWorks, Orbotech, Osram, Philips, Pixelligent, Samsung, Sumitomo,
UDC and WAC Lighting.
About
NanoMarkets:
NanoMarkets
tracks and analyzes emerging markets in energy, electronics and other
area created by developments in advanced materials. The firm is a
recognized leader in industry analysis and forecasts in OLED lighting
and materials spaces, which it has been covering since 2006.
Visit
http://www.nanomarkets.net
for a full listing of NanoMarkets' reports and other services.
Media
Contact:
Robert
Nolan
NanoMarkets,
LC
PO
BOX 3840
Glen
Allen, VA 23058
(804)
938-0030
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