2Q 2013 (Navigant Research)
“The market for commercial lighting is on the verge of a major transformation…[as falling] prices and improving quality for light-emitting diode (LED) lighting…drive widespread adoption…” “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.”
click to enlarge“Revenue from LED sales…will not be enough to keep the big lighting companies afloat…[because of] 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 $8.7 billion 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…”
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