by Shane Henson — July 19, 2013—Helpful insight into the light-emitting diode (LED) market can be found in a new report from Memoori Business Intelligence Ltd, The Business of LED Lighting in Buildings 2013 to 2017, now available on the Research and Markets Web site.
According to the company, a provider of market research reports and market data, this report is the 2013 definitive resource for LED lighting market research and investment analysis, combining market-sizing statistics with financial analysis of mergers, acquisitions and investments. The report reviews the future of emerging technologies that are driving change in the LED value chain, and assesses their potential impacts.
Research and Markets says that according to International Energy Agency estimates, in the United States alone, cutting the energy used by lighting by 40 percent would save U.S.$53 billion in annual energy costs, and reduce energy demand equivalent to 198 mid-size power stations. Within its 186 pages and 53 charts and tables, the report highlights all the key facts and draws conclusions, so readers can understand what is shaping the future of the LED lighting market in buildings.
This research estimates that the total value of the global market for lamps and luminaires used in building lighting in 2012 was approximately $54 billion. The report further predicts that the revenue of the global LED market for buildings will rise from $9.46 billion in 2013 to a total of $25.4 billion by 2017. This represents a compound annual growth rate (CAGR) in the overall market over this five-year period of 22 percent.
The report also projects market growth for LED lighting in all regions. Growth in India will be the highest at approximately 31 percent CAGR, but from a very low base, and penetration rates there are likely to remain relatively low. The rest of Asia (with the exception of Japan) will experience growth of around 24 percent due to positive legislation, new construction, and government incentives.
