Pike Research predicts contraction in lighting market after 2021
Pike Research, in a study released this week, makes the case that the market for commercial lighting will grow strongly through about 2021, when it will hit about $54 billion, but that it will then contract through the remainder of the ’20s, back down to about $30 billion.
Why? Solid-state lighting. LEDs will displace more than 52% of the global market for lamps in commercial buildings by 2021, Pike says in the
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