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?

LED-GE-grocery-commercial-application-G4Report

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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Industrial focus boosts lineup at GE Lighting

Industrial focus boosts lineup at GE Lighting
LED manufacturer sought market entry as demand emerged

By Chuck Soder, Crain’s Cleveland Business

GE Lighting wants to start lighting up factories and warehouses with LEDs.

GE Lighting CEO Maryrose Sylvester.
Photo Credit: McKinley Wiley

The company’s fast-growing LED business dove into the industrial market on Nov. 26, when GE Lighting agreed to buy Albeo Technologies Inc. of Boulder, Colo., for an undisclosed price. Continue reading