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Optoelectronics/Displays??

LEDs set to dominate commercial lighting market

Posted: 29 Nov 2011 ?? ?Print Version ?Bookmark and Share

Keywords:commercial lighting market? solid-state lighting? LED?

Pike Research has revealed a rosy forecast for LED solid-state lighting (SSL). The report titled "Energy Efficient Lighting for Commercial Markets" notes that by 2021, LEDs will reach 52 percent of commercial building market.

LEDs are gaining significant momentum as an alternative to incandescent and fluorescent lighting in commercial buildings, particularly as the cost of LED lighting technology continues to fall, stated Pike Research. It also believes that LED lighting costs for various SSL products will drop by 80-90 percent during the next decade.

"LEDs represent perhaps the most significant breakthrough of the last 130 years in lighting technology," opined Eric Bloom, research analyst at Pike Research. "The production of white LEDs, which began in the late 1990s, is starting to transform the lighting industry, and the transition to this new technology is likely to occur very quickly. Rapidly evolving technologies such as semiconductors and software are finding their way into the lighting market, catapulting this traditional, historically slow-moving industry into a new era of high technology."

Incandescent and less efficient T12 and T8 fluorescent lamps will be almost completely eliminated in the next 10 years, reckoned Bloom. To take more than half of the market, LEDs will take share from compact fluorescent lamps (CFLs), high-intensity discharge (HID) lighting and general linear fluorescents.

The market research firm has predicted that the global market for commercial lighting will reach $42 billion this year and peak at nearly $54 billion next year before gradually declining to about $30 billion by 2021. The decline will be due to the extended lamp life of both fluorescents and LEDs as they become the primary lamp types, increasingly displacing demand for replacements for less efficient and shorter-lived incandescent lamps.





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