NuAxiSemiconductor trade intelligence
LED lighting industry to see 5.8 billion units of secondary replacement demand for LED lamps and luminaires in 2024
What happened
TrendForce forecasts a secondary replacement wave of 5.8 billion LED lamps and luminaires in 2024, boosting total LED lighting demand to 13.4 billion units. This surge is driven by the end-of-life of LED products installed during the initial market penetration phase over a decade ago. Neutral: This is a long-term, aggregate market demand projection with no immediate, specific impact on component pricing or supply for traders.
Impact and signal
Low impactImpact score: 15/100
Affected components and suppliers
LED ChipsLED DriversLED LampsLED Luminaires
demand-forecastreplacement-cycle
Source and time
Source: Semiconductor Today · 3/4/2024 · View original source
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