LED Lights’ Bright Market

In developed countries, the demand for electricity and energy continues to rise, and lighting accounts for an important part. In order to promote energy saving, the United States suggests the use of LED lamps for indoor and outdoor lighting facilities. The main benefits of LED lamps are power saving and long-life span.

Some experts have made bold assumptions that in 2020, LED lights and related floodlights will account for 46% of the commercial building lighting market. This shows that the development potential of LED is large. How much energy do we consume in lighting? According to statistics, the power consumed by the lighting system accounts for 17% of the world’s electricity consumption, which is quite amazing. If there is a bulb that can save nearly half of the electricity, we can reduce energy consumption and carbon emissions.

LED lamps can save energy because of its ultra-high luminous efficiency. Compared with traditional incandescent lamps, LED lamps can emit at least 10 times lumens under the same power consumption. And the life span of LEDs is 80 times that of traditional bulbs.

The market value of LED luminaires is also quite amazing. In commercial and industrial applications, this figure is US$4.4 billion in the United States. In addition to indoor lighting, it is also widely used in street lamps, traffic lights and some emergency lighting.

Lighting is indispensable in life, and the market for LED lights will grow.