The LED lighting market is experiencing an explosion in growth - but sales in the retail side of the market remain relatively subdued.
That's according to a new report on LED lighting from AMA Research, which says sales are rocketing as new technology becomes more widely accepted in the mainstream lighting market, further encouraged by energy cost savings and CO2 concerns, driven by legislative changes.

However, non-domestic end users dominated in 2013, accounting for 95% of the market in terms of value.

AMA says the average price of LED lighting products has fallen in the last 12 months, driven by growing volumes of sales, manufacturing techniques and increasing competition in the UK market. However, LED products remain significantly more costly than many alternatives, restricting volume sales in the domestic sector in particular.

The lack of product standards in the market has also led to some reluctance to buy LED lamps amongst consumers who have had poor experiences with poor quality products in the past. This may continue to hold back growth in the short term, believes AMA.

In 2013, 75% of the overall LED lighting market was accounted for by LED luminaires, with the rest of the market made up by replacement LED lamps and LED controls and accessories.

Five suppliers are estimated to account for around 80% of the market. The remainder of the market is fragmented, comprising many specialist and smaller firms.

AMA estimates the 2013 UK LED lighting market to have been worth £330m at manufacturers' selling prices but expects it to grow rapidly until 2018 to top £1bn.