Enterprise LED 2012: Commercial and Industrial Market Trends, Opportunities & Leading Companies
In just the last few years, LED performance has accelerated quickly and a wave of new commercial, industrial and institutional LED ﬁxtures has been introduced. This 197-page report analyzes today’s products for these market applications, naming the category ‘Enterprise LED Lighting.’ Our research produces a summary review of the current market dynamics, its customers, the technology and the leading companies.
During the last decade, the $11.4 billion lighting market has grown slowly, with the overall market landscape remaining unchanged. General Electric, Philips and Sylvania continue to dominate the ballast and lamp component market, based on a standardized set of interchangeable products. Enterprise customers have come to understand an established set of lighting products, vendors and distributors and today consider most products as commodities.
FIGURE: 2012 LED LIGHTING ADOPTION TIMELINE
Our research estimates size the 2012 North American Enterprise LED Lighting market at $630 million in annual revenues. The market is growing at a rate of 40% a year through 2016 and will exceed $1 billion in 2013.
This report is authored by and published in conjunction with Groom Energy.