USA - ElectroniCast Consultants (www.electronicastconsultants.com) announced the release of a just-completed market review and forecast of the consumption of Light Emitting Diode (LED) lamps in General Lighting applications in the United States of America.
According to ElectroniCast Consultants, the consumption of LED lamps in the United States was $592 million in 2011 (an increase of 22% over 2010). The firm forecasts the consumption value will reach $2.4 billion in the year 2016 representing an average annual growth rate of 32.4% (2011-2016). Market forecast data in this study report
refers to consumption (use) for a particular calendar year; therefore, this data is not cumulative data.
"As we look at the A19 lamp segmented by Watt, the 60Watt equivalent LED-based lamp was the clear leader in 2011; however, the 100Watt equivalent lamp is forecast to take the leadership position next year in 2013 in terms of consumption value, even-though the 100W equivalent lamp is a relatively newcomer to the market,” said Stephen
Montgomery, Principal Analyst- LED Practice at the consultancy.