What’s New with GBI Research's Premium Reports under the Clean Technology Industry21 Oct 2011 • by Natalie Aster
Market Publishers Ltd informs that new GBI Research's Clean Technology Industry report has been added to its catalogue:
Global Organic Light Emitting Diode (OLED) Lighting Market holds Enormous Revenue Potential with Dramatic Growth to Reach $8.3 billion by 2020
OLED lighting has potential as a promising next generation technology. The global OLED lighting market was valued at $12.7m in 2010 and is further expected to grow at a CAGR of 92% during 2011-2020 to reach $8.3 billion by 2020. OLED lighting has potential applications in specialty lighting, architecture lighting, back lighting, signage and general illumination. The primary revenue driver for OLED lighting is expected to be specialty lighting, which is expected to contribute almost 38% of the overall OLED revenues by 2020. Some of the applications that OLED lighting is targeting are also served by fluorescent lamps, which make OLED a replacement technology; the new technology is also expected to be competitive with light emitting diodes (LED).
Innovation in Technology and Mass Production Volume Expected to Cause a Decline in OLED Prices
The innovation in technology and mass production volume are expected to cause a decline in OLED prices. Industry experts expect a huge decline in OLED prices once they are being produced in certain volumes. OLED manufactures across the globe are involved in the research and development (R&D) and expansion of their production line, which will help in attaining economies of scale and reducing prices. The unique features of OLED, such as weight, flexibility, color tunability, low power consumption and durability; show the competitiveness of this technology and its edge over others. OLEDs are also expected to penetrate into the non-lighting market with niche applications due to novel form factors.
Published: October 2011
Report Price: $3,500.00 (Single User License)
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