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Follow on Google News | NanoMarkets Releases New Report on OLED Luminaire MarketNanoMarkets has announced the release of its latest report, "OLED Lighting Market Forecast Q2 2012."
By: Robert Nolan Additional details about this and other OLED related reports are available at: http://www.nanomarkets.net About the Report: This report provides eight-year forecasts for OLED lighting in six different applications: The forecasts in this report are based on NanoMarkets’ From the Report: While NanoMarkets sees the overall prospects for the OLED lighting market as remaining strong, we now expect to see a major decline in OLED prices in the next two years as mass production technologies start to be applied to this kind of lighting. This pricing trend is expected to dampen OLED lighting revenues for the next three years until OLED lighting efficiency, panel size and light output have improved to the point where OLED lighting is acceptable in mainstream-and mass market - residential and business lighting markets. In particular, NanoMarkets believes that OLED lighting has the potential to seriously compete with the standard fluorescent lighting panels widely used in offices through improved energy efficiency, lower costs and improved aesthetics. And by 2017 NanoMarkets expects that more than 75 percent of revenues for OLED luminaires will come from lighting for commercial and industrial buildings. In 2012, almost 90 percent of OLED sales for lighting applications will come from niche markets such as luxury lighting, large showroom installations and sales to lighting designers. But by 2017 that share will have fallen to under 1 percent. NanoMarkets has lowered its penetration forecasts for OLED lighting compared to the forecasts it published in 2011 due to weaker than expected economic growth throughout the eight-year forecast period. NanoMarkets is particularly concerned about the impact of Europe’s ongoing monetary woes on the OLED lighting market. OLED lighting market is very Eurocentric with most of the important suppliers based in Europe and Europe’s importance to advanced lighting technology. About NanoMarkets: NanoMarkets tracks and analyzes emerging market opportunities in energy, electronics and other markets created by developments in advanced materials. The firm is a recognized worldwide leader in industry analysis and forecasts of this kind. Visit http://www.nanomarkets.net for a full listing of NanoMarkets’ Media Contact: Robert Nolan NanoMarkets, LC PO BOX 3840 Glen Allen, VA 23058 804-270-1718 rob@nanomarkets.net http://www.nanomarkets.net End
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