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LED Lighting Forecast to Reach 19% of Total Transportation Lighting in 2015

31 July 2015

Light-emitting diode (LED) lighting is forecast to reach 19% of total lamp revenue in transportation lighting in 2015, according to the latest projection by IHS. The total worldwide revenue for office lamps is projected to reach $1.0 billion in 2015, of which $0.2 billion is anticipated to be LED. LED, which is increasing its market penetration, generally has a high initial installation cost, but lower maintenance and energy costs. The other main technology is high intensity discharge (HID).

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Related links:

IHS Lighting & LEDs

News articles:

Large Lighting Manufacturers Continue to Transition to LED, as Traditional Business Shrinks

LED Office Lamps to Generate $1.2 Billion in 2015

GE’s $10 LED Bulbs: A Death Knell for CFLs?

Blues in the Light: Human-Centric Illumination Takes Hold

Infrared LED Market to Continue Growth

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