Global LED Lamp Unit Shipments Expected to Reach Nearly 784 Million in 2026

LEDs are the only lighting technology in the commercial market expected to experience growth during the next 10 years, report finds

A new report from Navigant Research examines the global market for energy efficient lighting within commercial buildings, providing global market forecasts for lamp and luminaire unit shipments and revenue, segmented by building type, lamp type, and region, through 2026.

Commercial buildings are large consumers of energy, and lighting upgrades are often considered a simple way to increase efficiency when compared to more expensive options, such as an updated HVAC system or a building energy management system. As cheaper and less efficient legacy lighting technologies, including fluorescent, halogen, and high intensity discharge (HID), are phased out, light-emitting diodes (LEDs) sales continue to climb, even as the overall lighting market declines. Click to tweet: According to a new report from @NavigantRSRCH, global LED lamp unit shipments are expected to increase from 441.7 million in 2017 to 783.9 million in 2026.

“LEDs, the only lighting technology in the commercial market expected to experience growth over the next 10 years, are contributing to the overall commercial lighting market decline due to their longer lifespan, increased efficacy, and continued market penetration,” says Krystal Maxwell, research analyst with Navigant Research. “Due to this declining overall market, lighting companies are seeking alternative ways in which to generate revenue, such as new and increased product offerings and new business models for lighting.”

LEDs have experienced a continual price decline each year, making them more competitive with other lighting technologies, according to the report. This trend, coupled with increased lifespan, improved efficiency, and superior controllability (which allows integration with lighting controls), has primed LEDs to become the leading lighting technology in the commercial market.

The report, Market Data: Energy Efficient Lighting for Commercial Markets, analyzes the global market for energy efficient lighting within commercial buildings. The report briefly covers the market issues, including key drivers and barriers, related to the energy efficient lighting market for commercial buildings. Global market forecasts for lamp and luminaire unit shipments and revenue, segmented by building type, lamp type, and region, extend through 2026. The study covers seven lamp types and eight building types, as well as luminaire and lamp unit shipments for new construction and retrofits. An Executive Summary of the report is available for free download on the Navigant Research website.

Contact: Lindsay Funicello-Paul

+1.781.270.8456

lindsay.funicello.paul@navigant.com

* The information contained in this press release concerning the report, Market Data: Energy Efficient Lighting for Commercial Markets, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.

Register to Receive Updates

Sign up or login to receive free newsletters, research updates, access to webinars, and other analyst content from Navigant Research.

Data Services

An interactive data visualization platform with online access to global forecasts spanning the energy, utility, transportation, and buildings industries.

More Information

Research News

Rss
Global Market Revenue for Internet of Things Lighting Solutions Is Expected to Reach $4.5 Billion in 2026
Networked lighting controls and easy-to-use sensors are driving the evolution from intelligent lighting control systems…
Read More »
Global Revenue for Industrial Internet of Things Devices, Software, and Services Is Expected to Exceed $1 Trillion Between 2017 and 2027
Industrial Internet of Things strategies can help lower operational costs and drive new revenue streams…
Read More »
The Market for Energy Service Companies Is Expected to Grow from $15 Billion in 2017 to More than $30 Billion in 2026
Related business models and financing structures can help organizations realize sustainability mandates while meeting operational,…
Read More »
View All News

{"userID":"","pageName":"Global LED Lamp Unit Shipments Expected to Reach Nearly 784 Million in 2026","path":"\/newsroom\/global-led-lamp-unit-shipments-expected-to-reach-nearly-784-million-in-2026","date":"11\/20\/2017"}