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Energy Efficient Lighting for Commercial Markets

For more than 130 years, the world has relied on variations of incandescent and gas-discharge lamps to illuminate commercial buildings. With the rise of the general-illumination white LED lighting only a few years ago, the lighting industry is experiencing its first revolutionary change since the commercialization of the fluorescent lamp in the 1930s. As the semiconductor and software industries converge on the traditional lighting world, Pike Research expects that the lighting industry will see more change in the next five years than in the previous 50. By the end of our 10-year outlook, LED solid state lighting will not only capture over 50% of the global market, but the extraordinary lifetimes of these lamps will drive a steady decline in the commercial lamp market despite a steadily growing base of new buildings and access to electricity in emerging countries. This Pike Research report describes the key factors that are influencing the market for energy efficient lighting around the world.