The Market for LEDs: A Compelling Opportunity
In the U.S., according to the Department of Energy, the HID bulb market is approximately a $390 million-per-year industry, with annual sales exceeding 30 million units. There are more than 4.7 million commercial and 230,000 industrial buildings in the U.S. With well in excess of 101 Million HID Luminaires (bulbs) in the market in 2002 (that number could easily be 150 Million today),
the replacement LED market alone is overwhelming with a full potential of $42.75 BILLION in replacement value.
The Global Value (NOT including the U.S. market) could easily be worth $128.25 BILLION in replacement value.
This does not even include the $4.28 BILLION in annual new market potential!