OLED lighting market to reach USD1.4bn in 2019
The report entitled ‘OLED Lighting Markets-2014’ points out the although the sector has foundered for the past few years it now appears to be worthy of some renewed optimism based on both improvements in OLED lighting panel performance and recent expansion of manufacturing facilities.
NanoMarkets concludes that OLEDs are not just for luxury lighting any more. The efficacy and luminance of OLED lighting panels are reaching levels where OLED lighting companies 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 in 2015 the company 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. The 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.
Related articles and links:
www.nanomarkets.net/market_reports/report/oled-lighting-markets-2014
News articles:
OLED patterning technique focuses on high-brightness data glasses
OLED TV shipment delays stall OLED material growth
See-through OLED display goes eye-interactive
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