LEDs continue to be rapidly adopted by the commercial lighting sector, with a new report indicating growth will reach 23 percent by the end of 2014.
The report, titled “2Q14 Silver Member- Commercial Lighting Market”, was compiled by LEDinside, a research division of TrendForce.
Main lighting products in commercial lighting application include LED tubes, spotlights, and bulbs. The biggest markets for LED commercial lighting are Europe, North America, and China.
In 2013, the LED tube market was worth US$2.58 billion. This is expected to increase to US$8.87 billion by 2018. LED tubes are making major inroads in the commercial lighting sector, especially in supermarkets, offices, and underground parking lots.
This demand has been driven by the cost/performance advantages of LED technology. They are increasingly replacing the stalwart T8 tubes, which have only 25,000 hour life spans.
LEDs continue to improve, with efforts made to boost luminous efficacy, lifespan, and light quality. Luminous efficiency, lighting uniformity, colour rendering, and lifespan are also considered key areas of development.