Pike Research, a market consulting and research firm, has released a report on “Energy Efficient Lighting for Commercial Markets”.
The Pike Research report explains main factors including raw material supply issues, rebate and subsidy programs, sustainability/green certifications, etc., which affects the global market for energy efficient lighting. The report also illustrates how major applications, industry structure and a range of technology concerns impacts the decision of identifying suitable lighting applications.
In commercial buildings, Light-emitting diodes (LEDs) ensure less technology cost and can be significantly used as a substitute to fluorescent and incandescent lightings.
The Pike Research’s report predicts that the LED solid-state lighting (SSL) share will touch 52% of the commercial market in ten years. During the next decade, the cleantech market intelligence industry expects that the cost reduction of LEDs from 80% to 90% will be achieved for a range of SSL products.
Eric Bloom, a research analyst of Pike research, said that the LEDs have shown an appreciable advancement in the lighting technology over the last 130 years. Bloom stated that the manufacture of white color LEDs, which started in the late 1990s, has begun revolutionizing the conventional, slow-moving lighting industry and this shift will take place very soon. Bloom said that the conventional, less efficient incandescent, and T8 and T12 fluorescent bulbs will be replaced completely by LEDs by the year, 2021.
The company forecasts that the commercial lighting’s global market value will boost to $ 42 billion in 2011 and will attain a peak of almost $54 billion by the year 2012. This value is expected to decrease to $30 billion by the year 2021, due to the long life of both LEDs and fluorescent lamps.
Source: http://www.pikeresearch.com