Navigant Research Report Finds Global Shipments of Tubular LEDs Are Expected to Experience a 7.6% Compound Annual Growth Rate from 2018 to 2027

Tubular LEDs provide a more attractive upfront cost than LED
luminaires, as well as increased flexibility and ease of installation

BOULDER, Colo.–(BUSINESS WIRE)–#BuildingCodes–A new report from Navigant
Research examines the commercial market for tubular light-emitting
diodes (TLEDs), providing global market forecasts for shipments and
revenue, segmented by offering type, building type, and region, through
2027.

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. TLEDs provide
many benefits over legacy lighting technologies, including an increased
lifespan and improved efficiency. Click
to tweet: According to a new report from @NavigantRSRCH,
global TLED shipments are expected to experience a 7.6% compound annual
growth rate from 2018 to 2027.

“Price declines and utility incentives have made the initial cost of
TLEDs more comparable to that of fluorescent tubes while the
abovementioned benefits have helped justify the higher price point,”
says Krystal Maxwell, senior research analyst at Navigant Research.
“They provide a more attractive upfront cost than LED luminaires, as
well as increased flexibility and ease of installation, which is helping
to drive the TLED market.”

According to the report, the form factor of a fluorescent tube provides
familiarity to building owners, managers, and tenants and provides a
more efficient plug-and-play alternative, depending on the type of lamp.
TLEDs also provide quicker retrofit solutions than a retrofit kit or LED
luminaire, which incorporates the retrofit of the fixture with a new
fixture and integrated light source.

The report, Tubular
LEDs, examines the global commercial TLED market, covering Types
A, B, A/B, and C. The study provides an analysis of the market issues,
including drivers and barriers to adoption, with a focus on how TLEDs
compare with LED luminaires. Global market forecasts for shipments and
revenue, segmented by offering type, building type, and region, extend
through 2027. The report also examines the different offering types and
the competitive landscape related to TLEDs in the commercial sector. An
Executive Summary of the report is available for free download on the Navigant
Research website.

About Navigant Research

Navigant Research, the dedicated research arm of Navigant, provides
market research and benchmarking services for rapidly changing and often
highly regulated industries. In the energy sector, Navigant Research
focuses on in-depth analysis and reporting about global clean technology
markets. The team’s research methodology combines supply-side industry
analysis, end-user primary research and demand assessment, and deep
examination of technology trends to provide a comprehensive view of the
Energy Technologies, Utility Transformations, Transportation
Efficiencies, and Buildings Innovations sectors. Additional information
about Navigant Research can be found at www.navigantresearch.com.

About Navigant

Navigant Consulting, Inc. is a specialized, global professional services
firm that helps clients take control of their future. Navigant’s
professionals apply deep industry knowledge, substantive technical
expertise, and an enterprising approach to help clients build, manage
and/or protect their business interests. With a focus on markets and
clients facing transformational change and significant regulatory or
legal pressures, the Firm primarily serves clients in the healthcare,
energy and financial services industries. Across a range of advisory,
consulting, outsourcing, and technology/analytics services, Navigant’s
practitioners bring sharp insight that pinpoints opportunities and
delivers powerful results. More information about Navigant can be found
at navigant.com.

* The information contained in this press release concerning the
report, Tubular LEDs, is a summary and reflects Navigant
Research’s current expectations based on market data and trend analysis.
Market predictions and expectations are inherently uncertain and actual
results may differ materially from those contained in this press release
or the report. Please refer to the full report for a complete
understanding of the assumptions underlying the report’s conclusions and
the methodologies used to create the report. Neither Navigant Research
nor Navigant undertakes any obligation to update any of the information
contained in this press release or the report.

Contacts

Navigant Research
Lindsay Funicello-Paul, +1-781-270-8456
lindsay.funicello.paul@navigant.com