Charter Estimating Company
Setting the Standard for Professional & Accurate On-Time Estimating Services
Call Today 833-448-7508 Call Now To Get 20% Off Your First Estimate!!

LED's In The Marketplace

Home   ›   Blogs   ›   LED's In The Marketplace
February 7, 2018

New extended report! Charter Estimating writes Revenues for LEDs in lighting applications, including both replacement lamps and luminaires, are expected to grow at a compound average growth rate of 5% from 2016 through 2022. This report analyzes the market for LEDs used in ten lighting application segments for the base year 2016 and offers a forecast through 2022. Growth in emerging markets and the need for reduced energy use continue to be the strong drivers for LED adoption. While some applications such as the outdoor lighting, architectural, and commercial lighting have proven their viability, the price per lumen for LED lighting is the limiting factor. Strategies Unlimited has also extended this report by including luminaire and lamp form factors for the commercial, industrial, residential and replacement lamp segments.