A new market research report on LED lighting in North America has recently been concluded by Reportlinker.com. The report has 403 pages with 183 tables and figures. To achieve an accurate look at the market the research team interviewed users, vendors and distributors to provide a means for the triangulation of data. The researchers also interviewed distributors and analysts worldwide for competitive analysis. "Frequent product introductions have characterized the LED lighting industry. There is a highly competitive pricing environment with the current price point of $10 in 2013 per light about to decline to $6 per light. These market characteristics increase the need for continuous innovation," said the leader of the team that prepared the study, Susan Eustis.
The report states that in North America sales of LEDs outpace incandescent bulbs and predicted that very soon LEDs may completely eliminate incandescent bulbs. Through 2019, the LED lighting market is expected to grow 45% per year. The market is anticipated to expand from $4.8 billion in 2012 to $42 billion by 2019. Increased interest in pushing LEDs to consumers by the channel is the reason given for the declining price points.
The shipment analysis in the report is based on the metrics for the total quantity of lights shipped with a probable penetration analysis. LED lighting now costs less than incandescent lights and lower the overall cost of lighting and utilities. Utility plants, in some cases, are providing financing and funding to companies in making the shift to LED lighting. LED lighting markets worldwide are on the brink of achieving considerable growth as communities and buildings begin shifting to the more cost efficient systems.
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Light Switch (http://www.lightswitch.co.uk/) offers a large variety of LED lamps that are at the forefront of new technology. With new innovative systems that deliver the light output of a traditional lamp but with the efficiency of LED. LED lamps provide better reliability and with more durability.
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