SOURCE: Groom Energy

Groom Energy

December 02, 2010 08:00 ET

Groom Energy and Greentech Media Release Enterprise LED Lighting Research Study

Forecasts 30 Percent Growth in the Commercial and Industrial LED Lighting Market and Names Four 2011 Market Leading Vendors

SALEM, MA--(Marketwire - December 2, 2010) -  Groom Energy and Greentech Media today announced the release of their Enterprise LED Lighting Research Report which sizes the 2010 U.S. market for commercial and industrial LED lighting at $330 million in annual revenue. The report, titled "Enterprise LED Lighting, Trends, Opportunities and Leading Market Players in Commercial and Industrial LED Lighting," predicts that the market will grow next year by 30 percent and surpass $1 billion in annual revenue by 2014.

The study also recognizes that rapid market growth will come from three emerging trends:

1. Recent LED chip performance advancements which allow more cost effective designs for replacing existing lighting systems;
2. Newly introduced utility energy efficiency financial incentives for converting to these LED-based systems;
3. Increased interest from building owners in applying sustainably oriented lighting retrofits that save money for their operations.

"We're seeing a whole range of well engineered new products that produce high quality light and provide strong financial return based on their energy savings," said Fritz Troller, one of the authors of the report and vice president of marketing for Groom Energy. "It's a perfect combination to produce accelerated LED market adoption."

Growth in the Vendor Market:
The annual LightFair conference in May of 2010 highlighted more than 250 companies displaying LED products. The companies included traditional large lighting manufacturers along with an increasing number of smaller specialty LED-based lighting manufacturers. The study profiles the top 50 LED fixture manufacturers and 10 LED component providers. In addition to profiling the vendors, the report names BetaLED, Cree, Lighting Science Group and Philips as the 2011 Enterprise LED Market Leaders.

"This is the first study we've seen specifically targeting the commercial and industrial market and its observations are consistent with our own view of the high growth rate we expect in the next few years," said Mark McClear, director of business development at Cree, Inc. "We're happy to be named a 2011 Market Leader." 

The report provides building and sustainability managers, lighting designers, consultants and financial analysts a single source reference guide with insight into the current market dynamics, technology challenges and the decision criteria customers use when buying LED lighting today. No other report with this depth and context has previously been published.

Pricing and Availability
The report is available for $1495 per single user and $2295 for a company license. To review an abstract of the report or to purchase online, visit www.groomenergy.com or www.greentechmedia.com.

About Groom Energy Solutions
Groom Energy is a leading provider of commercial and industrial energy solutions, with customers including Bed, Bath & Beyond, General Electric, Ocean Spray and Thermo Fisher Scientific. The company delivers a range of services from corporate sustainability and whole building energy assessments to turnkey installations at enterprise facilities across the United States. Groom's projects help their customers reduce costs while positively affecting the environment. Groom Energy is also the founder of Digital Lumens, an intelligent LED lighting company (www.digitallumens.com). For more information please visit www.groomenergy.com or call 978-306-6052.

About Greentech Media
Greentech Media is an integrated online media company designed to deliver the highest-quality content in the industry, whether it is research, news or critical networking events. Greentech Media is headquartered in Cambridge, Mass., with operations in New York City, San Francisco and Munich. For more information, visit http://www.greentechmedia.com.

Contact Information

  • MEDIA CONTACT
    Traci Massaro
    Groom Energy Solutions
    978-255-1231
    617-877-1293 (mobile)
    Email Contact