International. Between 70 and 80% of the lighting market will be dominated by LED lights in 2020, general electric co. predicts. The company also expects that most bulbs, including incandescent ones, will be replaced over the next decade by light-emitting diodes.
The above figures are added to a series of market reports that predict an inevitable consolidation of LED lighting in the coming years; Siemens, for example, said in a report that for 2013 it expects this market to grow to US $ 13,000 million and for 2016 it proposes an increase of 44%.
For its part, Philips predicted that by 2015 the LED segment will represent 45% of the lighting sector; Likewise, Pike Research assured that by 2021 52% of the commercial building market will have luminaires of this type.
Precisely, the president and CEO of the lighting unit of General Electric Co., Maryrose Sylvester, said during an interview conducted in New York and published by the specialized portal Businessweek.com, that this is because the bulk of the population is beginning to talk about LED lights as an option for general interior lighting.
"As we enter this technological change, we are seeing that customers are much more aware about energy consumption and show a greater interest in lowering costs on bills, regardless of whether they own commercial buildings, business buildings or end consumers."
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