An Interesting article found on Electrical News Magaize which discusses how the LED market will expand rapidly in the next 4 years:
Strategies Unlimited's LED Luminaires, Market Analysis & Forecast includes nine LED lighting application segments and analysis for the period from 2008 to 2014. According to this forecast, the global market for LED luminaires is expected to grow from $3.8 Billion in 2010 to $8.3 billion by 2014.
|UK Made LED Lighting|
Quality issues that affected the market penetration of previous energy efficient lighting technologies continue to affect this market but the resolve to reduce energy consumption is likely to propel this technology to be widely commercialized and adopted by the market.
Being the most efficient light source technology for applications requiring a directional beam of light and batteries, consumer portable applications were the largest segment of the LED luminaire market in 2010. The quality of LEDs has improved to a point that performance is no longer an issue. The issue now is the price of designing LEDs into luminaires.
Color and color-changing application in architectural and entertainment applications together had revenues more than $1 billion in 2010. Residential lighting — the fastest growing segment of the market — starting from a small base, is forecast to grow at a CAGR of 44% through 2014. Global revenues for LED luminaires in commercial/industrial applications are expected to be more than $1 billion in 2011. The outdoor area lighting applications, which benefitted from fiscal stimulus and the need for energy conservation, are expected to grow at a CAGR of 38% through 2014.