LED Overtakes CFL Installation in U.S. Market for First Time in 2014

0Precision Paragon, a U.S. energy efficient luminaire manufacturer, recently released its fourth annual state of the lighting industry survey. The survey was distributed to over 5,000 energy-efficient lighting industry professionals in December 2013. 

Sixty four percent of survey takers experienced growth in 2013

Over half of the energy-efficient lighting professionals surveyed reported experiencing either “modest” or “substantial” growth in 2013. That’s in contrast to just 20% who experienced either “modest” or “substantial” decreases in their energy-efficient lighting revenue.

(Image Courtesy of Precision Paragon)

Energy-efficient lighting industry companies have seen continued growth since at least 2010

  • Since 2010, lighting professionals have reported experiencing growth over the past year ranged between 57% and 67%.

(Image Courtesy of Precision Paragon)


63% Met or Exceeded Their Expectations For 2013 Revenue

  • Over half of the lighting professionals surveyed indicated that they had either met or exceeded their own revenue forecasts in 2013.
  • Up to 82% survey respondents indicated that they expect the industry to grow during 2014.
(Image Courtesy of Precision Paragon)

LEDs made up 37% of the fixtures installed in 2013

While sales of fluorescent lighting remained strong during 2013, respondents indicated that 37% of the energy-efficient lighting fixtures they used during 2013 were solid-state lighting. Looking back over the past 3 years that’s a growth of about 8% per year between 2011 and 2013.

(Image Courtesy of Precision Paragon)

LED expected to eclipse fluorescent for the first time in 2014

For the first time, respondents expect solid-state lighting to eclipse fluorescent lighting as the primary technology they install in 2014.

(Image Courtesy of Precision Paragon)

Based on the survey results and the company's own experience, Precision Paragon company concluded energy efficient lighting will still be in high demand in U.S. for the time being. 

Disclaimers of Warranties
1. The website does not warrant the following:
1.1 The services from the website meets your requirement;
1.2 The accuracy, completeness, or timeliness of the service;
1.3 The accuracy, reliability of conclusions drawn from using the service;
1.4 The accuracy, completeness, or timeliness, or security of any information that you download from the website
2. The services provided by the website is intended for your reference only. The website shall be not be responsible for investment decisions, damages, or other losses resulting from use of the website or the information contained therein<
Proprietary Rights
You may not reproduce, modify, create derivative works from, display, perform, publish, distribute, disseminate, broadcast or circulate to any third party, any materials contained on the services without the express prior written consent of the website or its legal owner.

The recent outbreak of COVID-19 has prompted the large-scale search for practical solutions that can prevent the spread of the deadly virus — from researchers and scientists committed to finding a solution, to the manufacturers and consu... READ MORE

Nichia’s Tunable 757 receives rave reviews from industry leaders, including the coveted LpS Best Sustainability Technology Award. Nichia, the leader in and inventor of the high-brightness LED, announced its game-changing single LES, tuna... READ MORE