Navigant Research Expects Global LED Lamp Shipments to Reach Nearly 2 Billion in 2026

A new report from Navigant Research examines the global market for LED lighting, providing global forecasts of lamp and module unit shipments and revenue through 2026.

The adoption of LEDs has continued to increase in recent years, propelled by declining prices and increased efficacy. Reducing energy costs was initially the primary driver for adoption; however, better light quality, longer lifespans, and improved controllability have helped accelerate LED market growth across all segments. Click to tweet: According to a new report from @NavigantRSRCH, global LED lamp shipments are expected to increase from 961.1 million in 2017 to nearly two billion in 2026.

While all segments of the lighting market have experienced change due to the increased adoption of LEDs, the commercial segment is further along than the residential or industrial segments. According to the report, not all segments are expected to see the same growth over the next 10 years or experience the same penetration rates. Due to the slower adoption in the latter two markets, they present increased opportunities for the uptake of LEDs.