Energy Efficient Appliances To Become Lighting Market Standard
- Jan 14, 2011 2:08 am GMTJul 6, 2018 9:48 pm GMT
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A new report by Pike Research, a market research and consulting firm focused on global clean technology markets , predicts that by 2020 fluorescent and light emitting diode (LED) lighting technologies will become the standard lighting types in the Unites and will account for over three quarters of the market by 2020.
“Fluorescent lighting technology is becoming more and more important in many key applications,” says Pike Research senior analyst Mike Wapner. “Fluorescent lighting is already very energy efficient, it has increasingly cost-effective dimming options, and it’s been around long enough for people to have familiarity and confidence with its performance in a variety of lighting situations.”
The research is called Energy Efficient Lighting for Commercial Markets and it looks at trends currently driving the use of LED and other high-efficiency lighting in various sectors. It includes a 10-year forecast for lamp and luminaire sales in the U.S. across 10 different lighting technology categories in seven major building types and application sectors.
If the prediction is correct, the United States could be headed towards huge electricity savings. As a nation, the U.S. account for approximately 20% of the world’s total electricity consumption. Lighting electricity costs over $40 billion per year. Commercial and public buildings are the largest guzzlers, followed by residential, industrial and outdoor/street lighting.
Wapner adds that while technical, market, and other barriers will stymie the adoption of LED lighting in the beginning of this decade, by 2014 and 2015 it will pick up speed. The outdoor stationary sector will be the first to embrace it because color rendering is less important in these applications. Despite remaining a small player compared with other sectors, LED sales will bring in large revenue figures due to high prices. LED’s long life will make it ideal for retrofitting and new projects.
Incandescent lights will not vanish altogether, though. Speciality incandescent lamps are more likely to survive, as they are exempted from U.S. regulations that will phase out common bulbs. But in other parts of the world with no restrictions these will still be produced, since they are cheap to manufacture.
Pike Research offers a free download on an excerpt of the Energy Efficient Lighting for Commercial Markets report.