NanoMarkets, an industry analyst firm, has declared that it has published its latest report titled ‘OLED Lighting Market Forecast Q2 2012.’ The report emphasizes NanoMarkets’ view on the OLED lighting sector and the associated changes following its last release in 2011.
The current economic situation in Europe and the changes in production that will result in short-term prices have been analyzed by Nanomarkets. These factors however will help in promoting the OLED technology, although it has already been promoted by OLED lighting efficiency, light output enhancements, and panel size. According to forecast by NanoMarkets, the total market for OLED lighting luminaires will reach up to $6.3 B in 2017.
NanoMarkets believe that OLED lighting market has powerful overall prospects. However, with the implementation of mass production technologies in OLED lighting, the OLED prices will fall during the next two years, thereby hampering OLED lighting revenues for the next three years. Until the developments in OLED lighting efficiency, light output and panel size enable the OLED lighting to be established in mainstream residential and business lighting the market revenues will continue to remain low.
However, with improved energy efficiency, enhanced aesthetics and lower costs, the OLED lighting will remain a challenge for standard fluorescent lighting panels. NanoMarkets predict that by 2012, OLED luminaires will have over 75% of revenues from lighting for commercial and industrial buildings. However, in 2012, niche markets such as large showroom installations, luxury lighting, and lighting designer- marketers will involve 90% of OLED commercialization. However, in 2017 the share is expected to reduce to 1%.