Wednesday, November 6, 2013

LED Forecast

From a release posted 10/30/13:

The LED lighting system market is expected to kick into high gear around 2013 and start to grow rapidly from 2015. In terms of revenue, the market is expected to reach $55 billion by 2020, from a mere $93 million (2012), with a high growth rate of 92.4% CAGR.

. . . The penetration rate of the commercial sector is expected to increase up to the Energy Management System (EMS) installation rate (18% of the entire buildings in the US). This can be accelerated depending on individual government programs and regulations on commercial buildings. It is expected that Building Energy Management Systems (BEMS) will also contribute to driving the market growth.

Source: http://electricalcontractor.com/?p=11678

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