LED will exceed fluorescent lamps in the U.S. market06-05-2014
American manufacturer Precision Paragon recently released a survey report about the status of lighting industry. A total of more than 5,000 professionals in the lighting industry received the survey. The result is that LED lighting in the U.S. market is expected to firstly exceed energy-efficient fluorescent lamps in 2014.
 
Surveyed lighting companies said that in the past few years (mainly since 2010), their annual sales achieved different growth, mainly from 57% to 64%.
 
63% of companies said its 2013 revenues achieved or exceeded their expectations. And up to 82% of the respondents expect the lighting industry demand will continue to grow in 2014.
 
 
Although the fluorescent lamps sales remain strong in 2013, the respondents said the proportion of using LED lighting products has accounted for 37% in 2013. That’s an annual growth of LED lighting products of about 8%.
 
In addition, respondents believe that by 2014, the amount of installed LED lighting will exceed fluorescent lamp for the first time and become dominant on the market.
 
Based on the above investigations, LED lighting is expected to maintain a high demand for the U.S. market in future.sm.
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