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LEDs Taking Big Share of Lighting Market

Sales of LEDs are now making up a larger percentage of many electrical manufacturers' total lighting sales and a new DOE report says that adoption of LED lighting is happening far faster than many had expected. Packaged LED revenue hit $13.7 billion in 2012, while SSL revenue for lamps and luminaires combined reach $11.8 B. Both markets will continue to grow through 2017 although LED revenue growth will be moderated by falling component prices even as more LEDs are manufactured. The DOE study is titled: Solid State Lighting: Early Lessons Learned on the Way to Market.