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LED Lamp Shipments to Reach Nearly 1.3 Billion Units by 2021, Forecasts Navigant Research

  LED Lamp Shipments to Reach Nearly 1.3 Billion Units by 2021, Forecasts
  Navigant Research

Business Wire

BOULDER, Colo. -- April 16, 2013

The rise of light-emitting diode (LED) technology is affecting every part of
the commercial lighting industry. Falling prices and improving quality are
driving widespread adoption of LEDs, and this single technology appears likely
to surpass all others in nearly every metric of quality and efficiency.
According to a new report from Navigant Research, worldwide unit shipments of
LED lamps will grow from 68 million in 2013 to 1.28 billion annually by 2021.
The markets for every other lighting technology will contract over that
period.

“LED lighting has already begun to enter the commercial market in significant
volume, and will grow rapidly over the remainder of the decade,” says Jesse
Foote, research analyst at Navigant Research. “Specific applications, such as
cold storage, have already seen widespread LED adoption, while spaces that are
currently lit by efficient linear fluorescent lamps await further LED price
declines. The industry has entered a period of rapid upheaval, as established
and startup companies scramble to position themselves to benefit from the rise
of LED lighting.”

Although shipments of LED products will expand at a compound annual growth
rate of 44.3 percent through 2021, according to the report, they will not be
sufficient to compensate for the overall decline in commercial lighting
revenue as the industry moves toward much more long-lasting lamps. Lamp and
luminaire revenue will both grow for the next few years, the study concludes,
before beginning an inexorable decline in 2017.

The report, “Energy Efficient Lighting for Commercial Markets”, examines the
worldwide market for energy-efficient lighting in commercial buildings,
including LED, fluorescent, halogen, and high-intensity discharge lamps and
luminaires. The report details the market drivers for these technologies,
including electricity costs, green building certifications, and improved
controls, as well as the remaining barriers to adoption. Profiles of leading
industry players are provided, along with global forecasts for unit shipments
and revenue through 2021, segmented by region and by lamp type. An Executive
Summary of the report is available for free download on the Navigant Research
website.

About Navigant Research

Navigant Research, the dedicated research arm of Navigant, provides market
research and benchmarking services for rapidly changing and often highly
regulated industries. In the energy sector, Navigant Research focuses on
in-depth analysis and reporting about global clean technology markets. The
team’s research methodology combines supply-side industry analysis, end-user
primary research and demand assessment, and deep examination of technology
trends to provide a comprehensive view of the Smart Energy, Smart Utilities,
Smart Transportation, Smart Industry, and Smart Buildings sectors. Additional
information about Navigant Research can be found at www.navigantresearch.com.

About Navigant

Navigant (NYSE: NCI) is a specialized, global expert services firm dedicated
to assisting clients in creating and protecting value in the face of critical
business risks and opportunities. Through senior level engagement with
clients, Navigant professionals combine technical expertise in Disputes and
Investigations, Economics, Financial Advisory and Management Consulting, with
business pragmatism in the highly regulated Construction, Energy, Financial
Services and Healthcare industries to support clients in addressing their most
critical business needs. More information about Navigant can be found at
www.navigant.com.

* The information contained in this press release concerning the report,
“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.

Contact:

Navigant Research
Richard Martin, +1-303-493-5483
richard.martin@navigant.com
or
Laverne Murach, +1-202-481-7336
laverne.murach@navigant.com