In just the last few years, LED performance has accelerated quickly and a wave
of new commercial, industrial and institutional LED fixtures has been
introduced. This 197-page report analyzes today's products for these market
applications, naming the category ‘Enterprise LED Lighting.' Our
research produces a summary review of the current market dynamics, its
customers, the technology and the leading companies.
During the last decade, the $11.4 billion lighting market has grown slowly,
with the overall market landscape remaining unchanged. General Electric,
Philips and Sylvania continue to dominate the ballast and lamp component
market, based on a standardized set of interchangeable products. Enterprise
customers have come to understand an established set of lighting products,
vendors and distributors and today consider most products as commodities.
2012 LED LIGHTING ADOPTION TIMELINE
SOURCE: GROOM ENERGY
Our research estimates size the 2012 North American Enterprise LED Lighting
market at $630 million in annual revenues. The market is growing at a rate of
40% a year through 2016 and will exceed $1 billion in 2013.