Energy Efficiency Commercial LEDs

Published on November 30th, 2011 | by Elizabeth Smyth

3

LED Lighting to Capture 52% of Commercial Building Market by 2021

November 30th, 2011 by  

Commercial LEDs

“LEDs represent perhaps the most significant breakthrough of the last 130 years in lighting technology.” – Eric Bloom

Pike Research forecasts LED lighting will capture 52% of the Commercial Building Market by 2021 as the price of light-emitting diodes continues to decline. Furthermore, they expect the lighting industry to see more change in the next five years than in the previous 50, comparing the rise of LED popularity to the commercialization of the fluorescent lamp in the 1930s.

Currently, the market share for LEDs is quite low due to higher initial costs and a longer payback period. However, Pike anticipates the cost of LED solid state lighting products will be reduced by 80-90% over the next decade, making LEDs a more viable option for typical commercial applications.

Market share for LEDs will come at the expense of compact fluorescent lamps (CFLs), high-intensity discharge (HID) lighting, and general linear fluorescents. Research analyst,Eric Bloom believes that “incandescent and less efficient T12 and T8 fluorescent lamps will be almost completely eliminated over the next 10 years.”

You may also be interested in the following articles:

  1. LED vs. CFL – Which Light Bulb is More Efficient?
  2. Price of CFLs are rising fast

Photo: Precision Paragon 
 
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About the Author

is a writer for Precision Paragon, an energy efficient commercial lighting manufacturer and a leading source for lighting retrofit solutions.



  • Pingback: Maintenance Costs Driving Retail Adoption of LEDs()

  • That is pretty true. LED light bulbs are coming down in price just like many other things, remember the time a DVD player used to cost $800.00 when it first come out? I know it. Because I bought one. Nowadays, you can purchase it for under $80.00 each. When you think of it in the long run, LED light bulbs are a little pricy but it will save you a lot more of money in your electricity bill.

  • Anonymous

    About 11% of US residential electricity use is for lighting. If commercial usage is roughly the same we could be looking at a significant drop in power demand over the next few years as incandescent bulbs disappear and are replaced by more efficient LED and CFL lighting.

    Efficient bulbs use about 12% as much power as an incandescent. Given that many of the LEDs for commercial use are going to be replacing tube florescents and halogens the savings won’t be as high as moving from incandescents, but the drop will still be significant.

    Since a lot of commercial lighting is used during daytime hours we may see a drop in peak hour demand and a resultant decrease in utility bills. It’s filling peak demand that makes our electricity expensive.

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