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LEDs to Help Decrease Market Size by Joe Salimando

Pike Research forecasts that LED share will reach 52% of the commercial lighting market by 2021. The cleantech market intelligence firm anticipates that LED lighting costs for various SSL products will be reduced by 80% to 90% in many cases during the next decade. Pike Research forecasts that the global market for commercial lighting will reach $42 billion in 2011 and see a peak of nearly $54 billion in 2012 before gradually declining to about $30 billion by 2021. The decline will be due to the extended lamp life of both fluorescents and LEDs as they become the primary lamp types, increasingly displacing demand for replacements for less efficient and shorter-lived incandescent lamps. This forecast is for a GLOBAL DEPRESSION in the Lighting industry — a 9-year drop of 44%.

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