Research and Markets has announced the addition of the
"LED Lighting System Technology: Trends & Market Forecast (2012 - 2020)"
report to their offering.
The LED lighting system market is expected to kick into high gear
around 2013 and start to grow rapidly from 2015. In terms of revenue,
the market is expected to reach $55 billion by 2020, from a mere $93
million (2012), with a high growth rate of 92.4% CAGR.
The LED lighting market is hitting its stride, boosted by government
efforts to support the energy industry, including LED lighting, through
support programs and regulatory reforms. LED lighting systems are the
next-generation lighting systems. Concepts are based on cross-industry
collaboration that enables remarkable energy savings through
convergence of IT technologies and LED luminaires and provides
multifunctional solutions, including human-centered, eco-friendly, and
customized contents.
The penetration rate of the commercial sector is expected to increase
up to the Energy Management System (EMS) installation rate (18% of the
entire buildings in the US). This can be accelerated depending on
individual government programs and regulations on commercial buildings.
It is expected that Building Energy Management Systems (BEMS) will also
contribute to driving the market growth.
Companies Mentioned
-- Amx Corp.
-- Aurora Design Lab
-- Feelux
-- Ge Lighting
-- Honeywell
-- Kumho Electric
-- Leviton
-- Lg U+
-- Lutron
-- Osram
-- Philips
-- Posco Ictposco Led
-- Schneider Electric
