Dallas, Texas-based
Markets and Markets issued a report this week that the global solid state and
other energy efficient lighting systems market is expected to grow from
$28,248.7 million in 2010 to $53,469.5 million in 2015-reflecting an estimated
Compound Annual Growth Rate of 9.7% in the five year period. The market research company and consulting
firm noted in their report titled "Solid State and Other Energy Efficient
Lighting Systems, Application and Market Trends (2010-2015)" that the increasing
demand for energy-saving and environment-friendly lighting technology is
driving the growth of the global solid state and other energy efficient
lighting systems market. 
Of note, compact
fluorescent lamps command the largest share in terms of revenues in the respective
market segment, while light emitting diodes (LED) is the second largest market
due to what Markets and Markets attributes to the globally increasing demand
for energy efficient lighting. LED
lighting has also gained much more attention due to a shift of the focus of
governments’ worldwide towards protection of the planet from global warming.
While LED lighting contributed about 31.2% to the global solid state and other
energy efficient lighting systems market revenues in 2010, the organic light
emitting diode market is expected to grow to 44% by 2015.
GET, LLC was
encouraged by the news that the U.S offers the most lucrative of markets for
solid state and energy efficient lighting manufacturers as it is to grow 10.7% by
next year. The Asia Pacific region-where this blogger is currently sitting-is
the largest market in the world and has 44.7% share of the global market
revenues. Europe comes second in revenues.
Markets and Markets
says that industry participants with the most significant product developments
include Philips, Osram, General Electric, Nichia, Cree and Samsung and that major
players also differ from one technology to other. The report says that Philips, Osram, and
General Electric are the largest players in CFL market. However, in light
emitting diode market, Nichia, Osram, Lumileds, Cree, and Samsung are the
largest players. There are other
lighting manufacturers whose products are on the rise in use in buildings
across the globe-let's keep a close eye on them to as they will certainly bring
value to the marketplaces where they are in.
To learn more about
the lighting products that GET, LLC provides, including the LED lines of our
partners, Independence LED Lighting and Deco Lighting Inc., please check out
our website at www.get-guam.com or call us to discuss solutions for your
important lighting needs-All Made in America!!!