The market for lighting devices using light-emitting diodes in Japan is expected to expand 69 percent in 2012 from the previous year to ¥373.8 billion, reflecting increased popular awareness of energy-saving needs, according to a recent survey by a private market research firm.
The market for the energy-efficient devices is likely to grow further to about ¥460 billion in 2020, Fuji Keizai Co. said.
The projection for 2012 includes ¥244.7 billion for ceiling lights and other LED fittings, up 66 percent, and ¥122.4 billion for LED bulbs and lamps, up 80 percent.
Sales of LED devices for advertising displays are projected at ¥6.7 billion, up 12 percent.
Fuji Keizai also said LED-based lighting equipment is expected to account for 38 percent of all lighting apparatuses in 2012 and rise further to 58 percent in 2020.