DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/r6l87h/the_business_of) has announced the addition of the "The Business of LED Lighting in Buildings 2014 to 2018" report to their offering.
Authors of the report estimate that the revenue of the global LED Lighting market for buildings hit $8.1 billion at the end of 2013 and will rise to around $10.3 billion by the end of 2014. By 2018 the market will have grown still further to total almost $23 billion. This represents a compound annual growth rate (CAGR) in the overall market over this 6 year period of 22.8%. Beyond the time-frame of this report, revenue growth will slow as cost competition intensifies, with the size of the LED lighting market expected to level off around 2020.
The last 12 months have been an interesting time for those involved with the LED Lighting market, after years of hype surrounding the future around the potential of LED lighting for building applications, we are seeing the early days of full scale market implementation. Investor expectations have been high, but in several cases have not been achieved, and continued sluggish growth in global GDP has set back projections for market penetration.
The significantly longer lifespans of LED lighting products will, over the period to 2018 begin to erode the value of the replacement market for lighting. This in turn will lead to a reduction in revenue from sales of traditional replacement bulbs and leading suppliers in these markets will continue to diversify into LED fixtures and complete lighting solutions to compensate for the decline.
Key Topics Covered:
1. The Global Lighting Market for Buildings in 2014
2. The LED Lighting Market for Buildings in 2014
3. Market Drivers and Major Trends
4. Emerging Technologies & Industry Innovations
5. The Competitive Landscape
6. M&A Valuations & Performance Outlook
7. The Investment Market
For more information visit http://www.researchandmarkets.com/research/r6l87h/the_business_of