Strategies Unlimited projects $3.7 billion LED retrofit lamp market in 2016

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The LED replacement lamp market will grow 30% annually, in terms of units sold, between 2012 and 2016 according to new research published by analyst firm Strategies Unlimited.

Strategies Unlimited has published a new report entitled “LED replacement lamp market analysis and forecast” that projects a global LED-retrofit-lamp market that exceeds $3.7 billion by 2016. The growth in solid-state lighting (SSL) products intended for existing sockets is from a $2.2 billion base in 2011, and the firm projects an annual 30% growth in the number of units sold.

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