What Is The Future of LED Lighting? A Report on The Global Market For LED lighting In Buildings

The London-based market research and  investment consultancy Memoori, has released an interesting report that reviews the future of emerging trends that can expect to change the face of the Light-Emitting Diode (LED) Lighting industry.  

What do they expect is going to take off like a rocket?  OLED, Smart Lighting & Controls, Low Voltage AC LED, Alternative Substrates and Phosphor Technology will set the trends. 

With, lighting accounting for 19% of the worldwide electricity consumption and commercial, residential, and industrial buildings responsible for 49% of the world’s energy consumption, what will be the next steps for building owners to respond to this growing energy concern.  Studies estimate that by US building owners cutting the energy used by lighting by 40% would save about $53 billion in annual energy costs, and reduce total energy demand that is equivalent to the annual operations of 198 mid-size power stations.

The Memoori Study also found some other interesting pieces of information:

Their research estimates that the total value of the global market for lamps and luminaires used in building lighting in 2012 was approximately $54 billion, and project that this overall market will grow by 3.6% in 2017

Memoori predicts that the revenue of the global LED market for buildings will rise from $9.46 billion in 2013 to a total of $25.4 billion by 2017.

And finally, they project market growth for LED lighting in all regions. Growth in India will be the highest at approximately 31%, but from a very low base, and penetration rates there are likely to remain relative low. The rest of Asia (with the exception of Japan) will experience growth of around 24% due to positive legislation, new construction, and government incentives.

The report adds that many global lighting product sectors remain highly fragmented. This is likely to change over the next few years. Memoori predicts that the continued drive for improved lighting performance and lower costs should drive continued vertical integration in the market particularly downstream in the value chain.

The Business of LED Lighting in Buildings 2013 to 2017 report by Memoori does so much to provide important conclusions, supported with facts, as to what is shaping the future of the LED lighting industry.  It is a must read.


For more information on bringing an LED lighting solution to your facility, please contact us at GET,LLC at 671-483-0789 or see our website at www.get-guam.com for details of the technologies that can be of significant value to all building owners-All Made in America!!!