NextGen Forecasts LED Lighting Market to Exceed $33 Billion by 2013

Craig DiLouie August 12, 2009

The LED market will experience robust growth over the next five years, fueled by increasingly more powerful and energy-efficient offerings that will help municipalities, businesses and consumers, according to NextGen Research.

NextGen Research’s report “LED Lighting: Solid State Lighting Applications, Technologies, and Market Opportunities” forecasts the overall solid-state lighting (SSL) market will achieve worldwide revenues topping $33 billion by 2013.

The illumination segment of the LED market will light the way with a compound annual growth rate (CAGR) of nearly 22% in the 2009-2013 timeframe as cities worldwide shift their streetlights to these more energy-efficient and ecologically friendly solutions.

Learn more about this report here.

Related

Craig DiLouie

Archives

About

Launched in 2001, LightNOW covers the rapidly changing lighting world for lighting people. Check-in daily to see new posts by Editor David Shiller, Craig DiLouie, and other experts in the lighting field including consultants and lighting designers. Posts include news items to keep you up to date, short opinion pieces to invite you to consider another point of view, new products every Monday, and links to new research and tools to help you design with light. Also be sure to subscribe to the LightNOW newsletter (free), which is published every two weeks as a digest of articles on the site. We always welcome your feedback, so feel free to comment on any of the stories that appear here at LightNOW. If you are a manufacturer, LightNOW offers a low-cost ad vehicle to reach thousands of specifiers, contractors, reps, distributors, consultants, owners, and other stakeholders in the sales channel. For advertising inquiries, contact Suelynn Shiller. Thank you for visiting, and we hope you find LightNOW useful for your career in lighting

Lighting Solution Development
7889 River Hill Lane, Alexandria, PA 16611-2604

THE INFORMATION CONTAINED IN ALL ARTICLES PUBLISHED ON WWW.LIGHTNOWBLOG.COM HAS BEEN OBTAINED FROM SOURCES BELIEVED TO BE RELIABLE. DAMAGES ARISING FROM ERRORS, OMISSIONS, OR DAMAGES AS A RESULT OF THE USE OR MISUSE OF THE DATA OR INFORMATION CONTAINED AT WWW.LIGHTNOWBLOG.COM ARE NOT THE RESPONSIBILITY OF LIGHTING SOLUTION DEVELOPMENT, INTER.LIGHT, INC., ZING COMMUNICATIONS, INC., OR THEIR EMPLOYEES. ALL INFORMATION CONTAINED AT WWW.LIGHTNOWBLOG.COM IS PUBLISHED FOR PROFESSIONALS SEEKING INFORMATION ABOUT THE SUBJECTS CONTAINED THEREIN. IT IS NOT THE INTENT OF WWW.LIGHTNOWBLOG.COM TO PROVIDE PROFESSIONAL SERVICES SUCH AS DESIGN, ENGINEERING, OR CONSULTING. IF THESE SERVICES ARE SOUGHT, THEY SHOULD BE RENDERED BY PROPERLY TRAINED, REGISTERED, REGULATED AND INSURED PROFESSIONALS.