Global LED Phosphor Market: Overview
The demand within the global LED Phosphor market is set to increase in the times to follow. The use of chemical analysis to evaluate the potential of Phosphor in LED technology has given an impetus to market maturity. The chemical research industry has caused formidable disruptions across the lighting industry, developing a launch pad to develop new technologies. The use of Phosphor has increased across several industries, mainly due to the distinct properties of the substance. The presence of phosphor can enhance the performance of LEDs. Furthermore, the need for using light-absorbing materials has created humongous demand within the global LED Phosphor market. In the contemporary times, the total volume of revenues within the global LED Phosphor market is set to increase.
In this review, Transparency Market Research (TMR) unleashes a multitude of trends that have aided the growth of the global LED Phosphor market. LED technologies have become a part of the energy sector. Scientists have acknowledged the use of LEDs to ensure efficient lighting across key premises. The adoption rate of LED technologies been commendable in recent years. Chemical analysis of Phosphor has attracted the attention of the researchers in recent times.
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Global LED Phosphor Market: Notable Developments
Several trends pertaining to the energy sector have paved way for key developments within the global LED Phosphor market.
- LED architectures are under study across several institutes and research organizations. Packaged LEDs have become a part of several industries, and there is rising focus on surveying and analysing their efficiency. In a recent survey conducted by Maury Wright, it was found that the use of packaged LEDs for specific component architectures shall help in improving light quality. The mid-power segment is slated to attract increased demand for LED Phosphor in the times to follow. Relevance of LED technologies for solid-state lighting (SSL) shall play a defining role in propelling sales across the market.
- The vendors operating in the global LED Phosphor market are focusing on investing in research and development to ensure optimal utilization of LED technology. There has been an increase in demand for LEDs across several industries, and the market vendors can leverage this trend to their advantage.
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- Intematix Corporation
- Yuji International Co. Ltd.
- Nichia Corporation
- Denka Co. Ltd.
Global LED Phosphor Market: Growth Drivers
- High Luminescence of LEDs
The relevance of LED technologies in the contemporary times cannot be underestimated. There is increasing focus on the use of light emitting diodes for improving the standards of energy discharge and provision. The energy sector has been focusing on developing new technologies that minimize the cost of producing light. LEDs have emerged as the most viable technology for producing luminescent light technologies. Furthermore, the need to transform visible light into multiple forms has also created increased demand for LEDs. In light of the factors mentioned above, it is safe to expect the global LED Phosphor market would tread along a lucrative pathway in the years to follow.
- Use of LED in Key Industries
The past decade has witnessed an alarming decline in the availability of natural resources. This has caused several disruptions in the energy sector. The energy sector is emphasizing on the use of efficient and optimized technologies to ensure judicious use of resources. The use of LED technologies for lighting has played an integral role in driving sales across the global LED Phosphor market. There is humongous demand for LED lighting in keys sectors such as hospitals, chemical centers, banks, and residential complexes. Henceforth, the demand dynamics of the LED Phosphor market shall improve in the years to follow.
The basic element used in LEDs is phosphorous that is responsible for light emission. With increasing use of LEDs in number of applications, there is increased demand for construction of LEDs, and hence increasing requirement for LED phosphor. LEDs offer increased efficiency and lifetime as compared to other light sources and hence, they are highly preferred lighting technology in most of the countries.
Although LED industry is booming in demand, there are certain challenges faced by this industry:
- Unpleasant warmth or coolness
- Poor color rendering compared to conventional incandescent bulbs
- Variation in LED color temperature with viewing angle
Research and development is been done by most manufacturers to overcome these challenges. This is also serving as an opportunity for the LED manufacturers designing LED lighting phosphors that influence LED color temperatures and color rendering.
LED phosphor market is growing considerably and this growth is expected to rise tremendously in upcoming years owing to the advantages like reduced energy consumption and CO2 emission. This industry is forecasted to reach 1,350 billion over the year 2015 with the compounded annual growth rate of 29% during the forecasted period.
Based on End Use Applications
- Portable PCs (Netbooks)
- LCD TV
This research report analyzes this market depending on its market segments and major geographies. Geographies analyzed under this research report are
- North America
- Asia Pacific
- Rest of the World
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