2015-US LED Lighting Market to Reach $5 Billion

Who says that America is behind the rest of the world in using Light-Emitting Diode (LED) lighting.

A recent report by Canada-based Tech Sci Research found that the US LED lighting market is expected to touch an estimated USD $5.2 billion in 2015. 

The report entitled "United States LED Lighting Market Forecast & Opportunities, 2020", notes that key factors boosting the demand for LED's include continuously declining LED prices due to decreasing production cost coupled with initiatives taken by the US government such as Energy Policy Act of 2005 and increasing consumer inclination towards adoption of green technologies.

"Continuing innovation in LED lighting technology along with recovering construction and automobile industry and favorable government initiatives to promote the use of LED technology are expected to positively influence the US LED lighting market over the next five years," said TechSci Research Director  Karan Chechi.  "The ban on use of incandescent lamps and sharply declining LED prices are expected to further boost the demand for LED lighting products in the country."

The global market research and consulting company evaluated the future growth potential of the US LED lighting market and provided statistics and information on market structure and American consumer behavior trends. The report includes LED lighting projections and demand forecasting for the coming decade.

In a company news release, TechSci cites the US government's increased focus this past decade to replace traditional and less efficient lighting systems with highly energy efficient, environment friendly and cost effective LED technology . Though the operating cost of LED lighting systems is quite low, the company notes higher per unit prices were initially restricting their adoption among consumers. Nevertheless, the adoption of LED lighting products has been robustly increasing over the last five years as researchers have been continuously focusing on reducing the cost of production, thereby resulting in significantly lower product prices.

Case in point, our friends at Deco Lighting have announced that they have developed a new wireless-enabled LED driver in collaboration with Daintree Networks for use in ceiling troffer applications. The Watt Controls driver will allow Deco to supply ZigBee-enabled luminaires without having to integrate separate LED driver and ZigBee modules in a fixture, thereby lowering the bill-of-materials cost of wireless functionality.

The 35W LED driver is intended for troffer applications up to 2×4 ft and specifically for use with the Deco Cloud troffer luminaires. Deco Lighting President Ben Pouladian says features such as 10-kV protection set its driver apart from others on the market and offer the advantage that the LED light engine does not have to be isolated. The Deco Lighting President told LEDs Magazine recently that Deco designs its drivers for 100,000 hours of operation, although the datasheet for the Watt Controls product does not specify such a rated lifetime.

The Watt Controls LED driver measures 14.17×1.18×1.02 in. Power factor is greater than 0.9. The product can work with 0–10V dimming controls. And Pouladian said Deco Lighting would ultimately support other wireless options such as mesh versions of Bluetooth that industry groups are pursuing.

"At Deco Lighting, we are adamantly committed to delivering intelligence to the entire building envelope, and we’re excited about instituting the enterprise Internet of Things [IoT] with our smart lighting products,” said Pouladian.

With the technology emerging, expect more LED's to be sold and more energy efficient solutions to emerge.

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!!!


Call 2014 a year of progress  for the Aerial Work Platform business of Terex.  In its annual report released recently, 32% of its net sales were from the AWP sector. Cranes and material handling & port solutions segments both tied at 24%.

By product segment, 53% of Terex AWP sales were from boom lifts, 23% from scissor lifts, 17% from telehandlers, and 7% from trailer-mounted and other products. Sixty-four percent of sales were made in the United States and Canada. 

“Terex continued to improve in 2014 despite a more challenging operating environment than anticipated entering the year,” said Terex Chairman and CEO Ron DeFeo. “We have streamlined our business portfolio, reduced our cost structure, introduced innovative new products, and simplified operations." 

According to the company's report, Terex increased sales by 3% in 2014, and it was able to generate $329 million in free cash flow. For the year, adjusted operating profit was flat with 2013. 

While the material handling & port solutions and construction segments showed profit improvements, the cranes, materials processing, and aerial work platform segments were below 2013 levels due to unpredictable markets for cranes and materials processing and operating inefficiencies and increased investments for AWPs.

"There is more work to do, but overall we are pleased with the progress we have made and the momentum of our internal improvement initiatives," said DeFeo.

2015 a breakout year?  Stay tuned.

If you have any aerial lift needs and would like to discuss potential solutions, please drop GET, LLC a line via our website at www.get-guam.com or give us a call at 671-797-0789-your authorized Terex/Genie Representative for Guam and Micronesia.