LED Lighting Penetration to Reach 46% of the Commercial Building Lamp Market by 2020

May 17, 2010 According to a new report from Pike Research, LED lighting will become an increasingly important segment of the market, and by 2020 it will achieve a 46% penetration of the $4.4 billion U.S. market for lamps in the commercial, industrial, and outdoor stationary sectors.

However, despite the strong long-term prospects for LED lighting, Pike Research’s analysis indicates that the category still faces a number of technological and economic hurdles. As a result, while the cost and efficacy of solid state lighting are rapidly improving, it will be a number of years before LEDs lead the commercial lighting market. During this period of transition, fluorescent T8 and T5 lamps, which offer good efficacy and life at very reasonable prices, will overtake incandescent lamps as the leading technology prior to the coming of age for LED lighting products.

 Via www.pikeresearch.com
Author:  BIO T&T