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Integrated Solutions Providers Gain Competitive Edge in the Global LED Lighting Markets, Finds Frost & Sullivan

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Integrated Solutions Providers GainIntegrated Solutions Providers Gain Competitive Edge in the Global LED Lighting Markets, Finds Frost & Sullivan PR Newswire LONDON, Jan. 21, 2014 -- Merger and acquisition activity will increase as participants strengthen market presence and enhance brand visibility The need to reduce energy consumption and minimise greenhouse gas (GHG) emissions in lighting, which accounts for 15 percent of global energy usage and 5 percent of GHG emissions, is driving the light emitting diode (LED) lighting market. To speed up adoption, market participants are offering end users integrated LED lighting solutions that include consultation from concept to implementation along with maintenance services. Reduction in the prices of LED lamps too will boost global sale volumes and encourage emerging nations to turn to solid state lighting (SSL) to meet their energy requirements. New analysis from Frost & Sullivan (http://www.buildingtechnologies.frost.com), World LED Lighting Markets (2013 Update), finds that the market earned revenues of $9.18 billion in 2012 and estimates this to rocket up to $36.52 billion in 2017. The residential and outdoor application segments, in particular, will witness rapid growth. "Governments worldwide are opting for SSL to cope with the demand for artificial light, which is expected to see a 60 percent increase by 2030," observed Frost & Sullivan Energy & Environmental Research Analyst Balaji Anand Sagar.
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Integrated Solutions Providers Gain Competitive Edge in the Global LED Lighting Markets, Finds Frost & Sullivan

PR Newswire

 -- Merger and acquisition activity will increase as participants strengthen market presence and enhance brand visibility

The need to reduce energy consumption and minimise greenhouse gas (GHG) emissions in lighting, which accounts for 15 percent of global energy usage and 5 percent of GHG emissions, is driving the light emitting diode (LED) lighting market. To speed up adoption, market participants are offering end users integrated LED lighting solutions that include consultation from concept to implementation along with maintenance services. Reduction in the prices of LED lamps too will boost global sale volumes and encourage emerging nations to turn to solid state lighting (SSL) to meet their energy requirements.