Global Tubular LEDs to Grow Above 7% Annually Through 2027

Navigant found that the TLED market is experiencing substantial growth thanks to declining prices, a desire to decrease energy consumption, and building codes and standards that require more efficient lighting solutions. “Price declines and utility incentives have made the initial cost of TLEDs more comparable to that of fluorescent tubes while the above-mentioned benefits have helped justify the higher price point,” says Krystal Maxwell,