left shadow main shadow main shadow
main shadow
Ld logo
Professional Ligting top_banner
Home top navigation Jobs/Events/News top navigation Catalogs top navigation Manufacturers top navigation Lighting Products top navigation Newsletter Sign-Up top navigation Apps_Blogs top navigation Lighting Feeds
Subpage Top Grad
Indoor Lighting
Left Navigation
Outdoor Lighting
Left Navigation
LED Lighting
Left Navigation
Ballast/Transformers
Left Navigation
Controls
Left Navigation
Lamps/LED
Left Navigation
Emergency/Exit
Left Navigation
Site Sponsors
Sponsors Images
Sponsors Images
Sponsors Images
Sponsors Images
Sponsors Images
Sponsors Images
Sponsors Images
Sponsors Images
Sponsors Images
Sponsors Images
Sponsors Images
Sponsors Images
Sponsors Images
Sponsors Images
Sponsors Images
Sponsors Images
Sponsors Images
Sponsors Images
Sponsors Images
Sponsors Images
Sponsors Images
Sponsors Images
Sponsors Images
Sponsors Images
Sponsors Images
Industry News
Global Energy Efficient Lighting Market To Hit $32.2 Billion By 2015
September 7, 2010

From 2010 to 2015, the global energy efficient lighting market is projected to increase from $13.5 billion to $32.2 billion, according to the latest issue of EL Insights. This represents a compound annual growth rate (CAGR) of 19% during this time period.

Today, 20% of the world’s electricity is used for lighting. Electricity consumption can be reduced to 4% with the full-scale adoption of LED (light-emitting diode) and could translate to a savings of 334 million barrels of oil per year in the United States. According to the U.S. Department of Energy, the adoption of LED lighting in the U.S. over the next 20 years would reduce electricity consumption by 25%, save an accumulated $120 billion in energy costs, and reduce greenhouse gas emissions by 246 metric tons of carbon.

In addition, according to EL Insights, from 2010 to 2012, growth will be strongest in commercial lighting, and residential lighting growth will follow from 2012 to 2015. LED technology is on track to capture nearly 50% of the $4.4 billion commercial lighting market by 2020.

According to EL Insights, here’s what companies can expect:

–Incumbent manufacturers of traditional lighting will face challenges to offer LEDs at the same price point as emerging, solely-LED manufacturing companies which will benefit from economies of scale and continue the rapid decline of prices until reaching global stasis.

–Barriers to entry are low for LED manufacturers, and start- ups can introduce new technology within 3 months, opposed to 18 months from traditional manufacturers.

–LEDs will take over conventional light sources by…

This is a preview of EL Insights Subscription Content. If you’re already a subscriber, download the current issue here.

Delivered two times a month, every issue of EL Insights is developed to help businesses understand the implications of an emerging energy, environmental or sustainability technology, to inspire innovation within companies, and to provide executives with timely data, charts and market insights.

For industry insiders needing to stay informed, EL Insights is the one subscription that delivers opportunity-focused, actionable insights that are both engaging and accessible.

Get a no-obligation issue of EL Insights here.

Trans
Banners
Banners
Trans
Trans
Main Shadow Right
Indoor Lighting  |   Outdoor Lighting  |   LED Lighting  |   Ballast/Transformers  |   Controls  |   Lamps/LED  |   Emergency/Exit  |   Manufacturers  |   Lighting Products  |   Events  |   Jobs  |   Industry News  |   New Catalogs  |   Site Map  |   Advertising Information
LIGHTDIRECTORY - LightDirectory.com, P.O. Box 795, Oswego, IL 60543.
Trans