Energy Efficient Lighting: LEDs to Replace 52% of Commercial Lamps

As I mentioned in a previous article, the energy efficient lighting market has seen steady growth despite the recession, and will continue to see strong growth in 2012.

According to a new report from Pike Research, LEDs will displace more than 52% of the global market for lamps in commercial buildings by 2021. The lighting industry will see a major shift as new, efficient technologies will replace traditional, inefficient lighting.

The research firm estimates that the market for LED lamps in the commercial sector will rise by 8.5% through 2021, to $2.7 billion… Read more


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