More than half of the respondents believe that there was “moderate†or “significant†growth in the energy-efficient lighting market in 2013, compared with only 20% of respondents with the same view in 2012.
The lighting companies interviewed said that in the past few years (mainly since 2010) their performance has increased from 57% to 64%. 63% of the lighting companies surveyed said that their 2013 revenues met or exceeded their expectations. And as many as 82% of respondents said that the lighting industry demand is expected to continue to grow in 2014.
Although sales of fluorescent lamps remained strong in 2013, respondents indicated that they have used LED lighting products in 2013 to reach 37%. And in the three years from 2011 to 2013, the annual growth of LED lighting products is about 8%.
In addition, respondents believe that by 2014, LED lighting installations will surpass fluorescent lamps for the first time and dominate the lighting market. Based on the above survey, LED lighting will continue to maintain high demand in the future US market.
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