A recent article by ElectroIQ predicts that the LED market will see a rapid growth over the next five years, specifically in solid state lighting. Dean Freeman, research vice president at Gartner, the world’s leading information technology research and advisory company, said the current driver of the LED market is LED LCD backlit televisions, which he predicts will be 60% more prominent in the market by 2014, growing from 25-26% in 2010 to 80% by 2014. The slim LED televisions have better picture quality than LCD televisions, and viewers are able to see shadows of characters on the television, which makes the images clearer. These televisions also use 40% less energy than traditional units.

The Gartner September 2010 forecast data graph included in the article shows the predicted growth of different sectors of the LED market from 2010 to 2020. According to the graph, there is going to be a rapid growth of LED lighting in 2015, predominantly in the commercial sector. We have already seen so many installations of LED lighting this year alone in warehouses, grocery stores, retail shops, gas stations, and other locations.