Market Research Report
Market Data - Energy Efficient Lighting for Commercial Markets - LED, Fluorescent, HID, Halogen, and Incandescent Lamps and Luminaires in Commercial Buildings: Global Analysis and Forecasts
|Market Data - Energy Efficient Lighting for Commercial Markets - LED, Fluorescent, HID, Halogen, and Incandescent Lamps and Luminaires in Commercial Buildings: Global Analysis and Forecasts|
Published: August 2, 2022
Guidehouse Insights (formerly Navigant Research)
Content info: 30 Pages; 37 Tables, Charts & Figures
Delivery time: 1-2 business days
The performance of LED lighting products has improved dramatically over the past 15 years. Simultaneously, prices have declined, making the financial case for LED lighting compelling and leading to widespread adoption in commercial buildings. Though LED lighting systems have become the default choice for new construction and retrofit lighting installations, a sizable global installed base of legacy lighting products remains, fostering continued non-LED lamp sales for replacement of failed lamps.
Recently, government interventions, including lighting efficiency regulations and financial subsidies, have been critical drivers of LED market penetration. Currently, standard market forces-the confluence of LED products' high level of performance and relatively low cost with increasing energy prices and concerns about the environmental impacts of building operations-are sufficient to increase LED adoption. Because LED lamps and luminaires are long-lasting, increasing market penetration of this technology is slowing market growth.
This Guidehouse Insights report examines the global market for energy efficient lighting in commercial buildings (office, retail, education, healthcare, hotels & restaurants, institutional/assembly, warehouse, and transport). Market trends, drivers, and barriers are explored, with particular emphasis on the changing regulations affecting the lighting industry. Global market forecasts for lamp and luminaire unit shipments and revenue, segmented by lamp type (incandescent, halogen, T8 and T5, T12, CFL and miscellaneous fluorescent, high intensity discharge, and LED), construction type (new construction, retrofits, and failed lamp replacement), and region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa), extend through 2031.