According to a new report from Pike Research, LED lighting will achieve a 46% penetration of the $4.4 billion U.S. market for lamps in the commercial, industrial and outdoor stationary sectors.
“LED lighting will reach an inflection point in the next five years,” says managing director Clint Wheelock. “As solid state lighting costs come down and performance increases, LEDs will become a practical option for an increasing number of commercial applications.”
Wheelock adds that LEDs are already widely used in traffic signals and exit sign lighting, and Pike Research anticipates that those markets will become saturated within the next few years. The outdoor stationary sector will be the next growth area for LED lighting, followed by retail and office/professional and institutional buildings.
Pike Research’s study, “Energy Efficient Lighting for Commercial Markets,” examines the key technology and market trends that are driving the use of LED and other high-efficiency lighting in the Commercial, Industrial and Outdoor Stationary sectors. The report includes a 10-year forecast for lamp and luminaire sales in the U.S. across 10 different lighting technology categories in seven major building types and application sectors. In addition, the study provides SWOT analyses of 16 key industry players.
Click here to learn more about this study.
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