Global LED commercial lighting market penetration rate this year soared, with growth projected to reach 23% by the end of the 2014, according to the latest “2Q14 Silver Member- Commercial Lighting Market” by LEDinside a research division of TrendForce.   

Certain events beneficial to the LED industry have occurred in the past few weeks. UBS Analyst Fredric Stahl noted Philips LED lighting business 4Q13 revenue has soared 48 percent compared to the same period in 2012. Osram also reported the company’s LED lighting business had grown 28 percent in 4Q13 compared to 4Q12,