Published on April 6th, 2012 | by Elizabeth Smyth0
Survey Shows Energy Efficient Lighting Industry Continues to Grow
The energy efficient lighting industry is growing strong, according to a survey by Precision Paragon [P2], an energy efficient commercial lighting manufacturer. The Energy Efficient Lighting Industry survey was distributed to more than 2,900 lighting professionals in the U.S.
Of those who responded to the survey, 69% either met or exceeded their revenue expectations in 2011, and over 80% predicted more opportunities for growth in 2012, both for the industry and for their individual companies.
The survey also finds that LED lighting is growing in popularity. Respondents estimate that 22% of the fixtures they install will be LED-based, up 9% from last year. However, 84% of survey respondents say linear fluorescent will continue be the dominant technology in commercial relighting projects this year.
Read the 2011 Energy Efficient Lighting Industry Survey for the full results.