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Navigant Research Report Finds Global Shipments of Tubular LEDs Are Expected to Experience a 7.6% Compound Annual Growth Rate from 2018 to 2027A new report from Navigant Research examines the commercial market for tubular light-emitting diodes (TLEDs), providing global market forecasts for shipments and revenue, segmented by offering type, building type, and region, through 2027. The TLED market is experiencing substantial growth thanks to declining prices, a desire to decrease energy consumption, and building codes and standards that require more efficient lighting solutions. TLEDs provide many benefits over legacy lighting technologies, including an increased lifespan and improved efficiency. Click to tweet: According to a new report from @NavigantRSRCH, global TLED shipments are expected to experience a 7.6% compound annual growth rate from 2018 to 2027. "Price declines and utility incentives have made the initial cost of TLEDs more comparable to that of fluorescent tubes while the abovementioned benefits have helped justify the higher price point," says Krystal Maxwell, senior research analyst at Navigant Research. "They provide a more attractive upfront cost than LED luminaires, as well as increased flexibility and ease of installation, which is helping to drive the TLED market." According to the report, the form factor of a fluorescent tube provides familiarity to building owners, managers, and tenants and provides a more efficient plug-and-play alternative, depending on the type of lamp. TLEDs also provide quicker retrofit solutions than a retroft kit or LED luminaire, which incorporates the retrofit of the fixture with a new fixture and integrated light source. The report, Tubular LEDs, examines the global commercial TLED market, covering Types A, B, A/B, and C. The study provides an analysis of the market issues, including drivers and barriers to adoption, with a focus on how TLEDs compare with LED luminaires. Global market forecasts for shipments and revenue, segmented by offering type, building type, and region, extend through 2027. The report also examines the different offering types and the competitive landscape related to TLEDs in the commercial sector. 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 Energy Technologies, Utility Transformations, Transportation Efficiencies, and Buildings Innovations sectors. Additional information about Navigant Research can be found at www.navigantresearch.com. About Navigant Navigant Consulting, Inc. is a specialized, global professional services firm that helps clients take control of their future. Navigant's professionals apply deep industry knowledge, substantive technical expertise, and an enterprising approach to help clients build, manage and/or protect their business interests. With a focus on markets and clients facing transformational change and significant regulatory or legal pressures, the Firm primarily serves clients in the healthcare, energy and financial services industries. Across a range of advisory, consulting, outsourcing, and technology/analytics services, Navigant's practitioners bring sharp insight that pinpoints opportunities and delivers powerful results. More information about Navigant can be found at navigant.com. * The information contained in this press release concerning the report, Tubular LEDs, 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. View source version on businesswire.com: https://www.businesswire.com/news/home/20181031005008/en/ |
