The UK LED lighting market was estimated to have grown by 38% in 2015 in value terms according to AMA Research.
Incorporating all finished, mains-operated LED lighting products, domestic and non-domestic used within construction and building, the market is experiencing an explosion in growth as new technology becomes before widely accepted in the mainstream lighting market. This has been further encouraged by energy cost savings and CO2 concerns, driven by legislative changes, in turn resulting from environmental pressures.

According to AMA, both replacement products and replacement LED lights which use existing light fixtures are starting to take more share of the overall market. Non-domestic end users dominate, with over 90% of market value, and while the domestic LED sector accounted for a small share, it has experienced dramatic growth between 2012 and 2015.

In 2015 the sector was characterised mainly by sales of LED luminates, while replacement lamps and LED controls and accessories made up the remainder.

AMA Research director Keith Taylor said: "The average price of LED lighting products has fallen substantially during the last three years, driven by the growing volume of sales, manufacturing techniques and increased competition.

"In 2015, the global price of LED bulbs was estimated to have fallen by 30-40%, this will have an obvious impact within the office, commercial and industrial sectors which are looking to replace existing fluorescent lighting and seek the commercial benefits of doing so."