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The Energy Saving Benefits of LED Lighting Brighten its Prospects in the North American Market

Favorable legislation mandating energy conservation increase opportunities for LED manufacturers. Lighting accounts for nearly 15 percent of the energy consumed in the U.S. building sector, compelling building owners to seek more energy efficient lighting systems. This places the spotlight on light emitting diode (LED) lighting due to its reasonable cost, technology improvements and long life. New analysis from Frost & Sullivan's “Analysis of the North American LED Lighting Market” research finds the market earned revenue of $1.15 billion in 2012 and estimates this to reach $3.63 billion in 2017. The market is primarily segmented into indoor and outdoor LED lighting.