Business Loves LED Lighting; Consumers are Catching Up

Wherever you go these days, you see businesses switching their lighting systems from old-fashioned incandescent or harsh fluorescent to bright and shiny new LEDs. The local supermarket, the office where you work, the train station, restaurant or department store—all of these businesses are seeing the benefits of this rapidly developing technology. The light produced by LED bulbs is brighter and warmer and more focused than ever before, and business owners love the savings to their energy bills. But what about consumers?

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Businesses, especially retail, are moving to LED lighting. In Japan, market penetration is over 50 percent and expected to hit 90 percent. Consumers are slower to embrace the technology, balking at the high cost of a bulb. But that is changing.

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Shift In Lighting Technologies to Dim Energy Use By End of Decade, says IHS

A fundamental paradigm shift in lighting technologies toward more efficient lamps and bulbs will significantly reduce global electricity demand for general illumination in the next few years, according to IHS.

The energy usage of the installed base of lighting technologies for general illumination will fall to a projected 2.75 trillion kilowatt-hours (kWh) by 2020, down 24% from 3.61 trillion kWh in 2013. Overall, the installed base for general lighting-which covers homes, businesses and street lamps but not architectural or theatrical lighting-will account for 10.3% of the net electricity generated in 2020, down from 16.4% in 2013. Continue reading