April 11, 2013
/PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:
Energy Efficient Lighting for Commercial Markets - LED Lighting Adoption and Global Outlook for LED, Fluorescent, Halogen, and HID Lamps and Luminaires in Commercial Buildings: Market Analysis and Forecasts
The market for commercial lighting is on the verge of a major transformation. Falling prices and improving quality for light-emitting diode (LED) lighting has begun to drive widespread adoption of this technology. The speed of this transformation promises to be faster than previous transformations to new lamp types, as this one technology appears likely to surpass all others in nearly every metric of quality and efficiency.
Revenue from LED sales, however, will not be enough to keep the big lighting companies afloat. Due to the much longer lifespan of LED lamps, Navigant Research forecasts that overall revenue from lamp sales will actually decrease in the coming decade, even as a greater portion of sales goes to more expensive lamp types. To avoid this inevitable decline, companies are broadening their offerings to include lighting controls and lighting services. Navigant Research forecasts that revenue from LED lamp sales will rise to
by 2021, growing at a compound annual growth rate (CAGR) of 23.2%. Overall, however, revenue from lamp sales will stay essentially flat through 2017 before beginning a steady decline.
This Navigant Research report examines the worldwide market for energy-efficient lighting in commercial buildings, including LED, fluorescent, halogen, and high-intensity discharge lamps and luminaires. The report details the market drivers for these technologies, including electricity costs, green building certifications, and improved controls, as well as the remaining barriers to adoption. Profiles of leading industry players are provided, along with global forecasts for unit shipments and revenue through 2021, segmented by region and by lamp type.