LED and Fluorescent Lighting Technologies Will Play a Key Role in the US Market

Pike Research has published a new report titled ‘Energy Efficient Lighting for Commercial Markets’. The report provides a complete study of the energy saving light solutions in commercial markets.

According to the report, LED and fluorescent lighting technologies will contribute a major part in the US market with more than three quarters of the market by 2020. The US contributes about 20% of the total electricity consumption around the world for lighting with more than $40 billion as annual cost. The major portion of this lighting electricity is utilized in public and commercial buildings, outdoor/street lighting, industrial sector lighting, and residential lighting.

The research report analyzes the major market and technology trends that are propelling the utilization of energy saving lighting such as LED in outdoor stationary, industrial, and commercial sectors. It offers a 10-year forecast for the sales of luminaires and lamps in the US for 10 diverse lighting technology types in seven key application sectors and building types. Furthermore, the report offers SWOT classification of 16 major industry players.