LED & Energy Efficient Lighting Will Generate Robust Growth

Compact fluorescent lights, CFLs, light emitting diodes, LEDs, and organic light emitting diodes, OLEDs, are changing the lighting industry

Rockville, MD, September 24, 2010 --(PR.com)-- MarketResearch.com has announced the addition of SBI Energy’s new report “LED and Energy Efficient Lighting Worldwide Markets: Indoor, Outdoor, Residential, Commercial” For more information, visit:


The lighting industry is transitioning through business altering changes and will become more robust than its barely noticeable compound annual growth rate (CAGR) of 6% over the last five years would suggest, according to SBI Energy’s new industry study “LED and Energy Efficient Lighting Worldwide Markets: Indoor, Outdoor, Residential, Commercial.” Substantial changes are in the air for this market due to the influx of new applications for light emitting diodes (LEDs) and other solid state lighting (SSL) sources. These transformations are already shaking some established companies and making room for new ones.

"Business headlines are bursting with news about the end of the incandescent light bulb and the birth of a new era in lighting. The ‘Age of Edison’ is over and the ‘Solid State Lighting Age’ has just begun. The repercussions manifest themselves from the raw materials, through the type of manufacturing facility, and sub-assembly plants," says Jean Diener, SBI Energy analyst and author of the report. "The switch from incandescent to solid state lighting has been so abrupt that both CFLs (compact fluorescent lamps) and LEDs may be in short supply over the next two years."

Within the SSL segment, LEDs are impacting applications throughout each of the major lighting market segments and companies are reorganizing or forming to meet these challenges. These segments as described in the report include General Illumination, Indoor Lighting consisting of residential, office, retail, commercial, and industrial uses; General Illumination, Outdoor Lighting comprised of lighting for sports arenas, roadways, yards, parking lots, and other public places; Illuminated Signage used for traffic control lights on highways and runways, signs for information and advertising, and highway directional signs; Vehicular Lighting for headlights, tail lights, and interior lighting; Display Technologies for flashlights, diving lights, bicycle lights, and other portable devices; and lastly Specialty/Other applications for select surgical devices, ultraviolet (UV) lamps for tanning, and infrared (IR) lamps for space heaters.

In 2009, approximately two-thirds—$49 billion—of the world's lighting market by value consisted of General Illumination, which makes sense considering that on average half the day is dark and a good portion of the lighted part of the day people spend indoors. The other lighting segments comprised the market’s remaining $23 billion.

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Veronica Franco