LEDs to own half of lighting market by 2020, report says

A new study by clean-tech market-researcher Pike Research predicts LEDs will occupy 46 percent of the $4.4 billion U.S. market for lamps in the commercial, industrial and outdoor stationary sectors in 10 years.  That’s a big jump, considering that LEDs now capture only two percent of the lighting market, according to estimates.

The report by Boulder, Colo.-based Pike cites a drive for energy efficiency–owing to a desire both for cost savings and energy reliability–as the foundation for the dramatic increase in LED adoption. Cost, of course, is the big wild card in how fast and how deeply the market shifts for LED lamps.

This report at the SolveClimate blog provides a great look at the Pike report and other recent research and news regarding the growing interest in LEDs in commercial, industrial, outdoor and residential markets.

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