OLED Lighting for Residential and Commercial Buildings

OLED Lighting for Residential and Commercial Buildings

OLED Lighting for Residential and Commercial Buildings

Report
Format: PDF-Excel
Published year: 2016
Publisher: Navigant Research
Language: English
Pages: 57

Summary

When organic LED (OLED) products first started to become commercially available in 2010, there were broad hopes across the industry that this technology might see significant growth rates. Though it was never expected to outpace LED technology in the near term, the incredibly rapid rise of LEDs fueled optimism that OLEDs could see a portion of that success. Instead, over the next 5 years, OLED prices remained prohibitively high while efficiency failed to keep up with the pace of LED technology. Many industry stakeholders lost their optimism that OLEDs could have much of a future. Since mid-2015, however, OLED prices have been falling at a pace that is reminiscent of LED pricing trends. OLED products are not expected to rival LEDs in either price or efficiency, but their prices will come down to a low enough point that the benefits they offer in lighting quality and design aesthetic will make for a reasonable choice between the two. A number of OLED manufacturers, some large and some small, are beginning to see increasing sales. Significant niches for OLED luminaires will see growing sales in the years to come. According to Navigant Research, global unit shipments of OLED luminaires are expected to grow from an estimated 150,000 in 2016 to nearly 300,000 in 2025. This Navigant Research report examines the global market for OLED lighting in residential and commercial buildings. The study provides an analysis of the market issues, technological developments, and regional trends, with a focus on task lighting, decorative fixtures, accent lighting, and general space lighting. Global market forecasts for unit shipments and revenue, segmented by vertical, product type, construction type, and region, extend through 2025. The report also examines the key technologies related to OLED lighting, as well as the competitive landscape.
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