LED LIGHTING TO DISRUPT, TRANSFORM THE INDUSTRY

Energy Efficient Lighting for Commercial Markets;LED, Fluorescent, HID, Halogen, and Incandescent Lamps and Luminaires in Commercial Buildings: Global Market Analysis and Forecasts

4Q 2014 (Navigant Research)

“The ongoing sea change between fluorescent and light-emitting diode (LED) lighting technologies amounts to a significant disruption for the lighting industry…Due to the much longer lifespan of LED lamps, Navigant Research expects overall revenue from lamp sales to decrease in the coming decade. To avoid this inevitable decline, companies are broadening their offerings by expanding to lighting controls and lighting services. Just like the tech giants (e.g., Hewlett-Packard and IBM) of decades past had to make the shift from hardware to software and services, today’s lighting giants are becoming providers of complete lighting solutions rather than just the physical elements that emit light. According to Navigant Research, global lamp revenue is expected to decline from $18.5 billion in 2014 to $12.8 billion in 2023…” click here for more

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