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Industrial And Commercial LED Lighting Market - Huge Opportunity to Reduce Energy Consumption

02-06-2017 11:30 PM CET | IT, New Media & Software

Press release from: TMR - Research Reports

Industrial And Commercial LED Lighting Market - Huge

The global industrial and commercial LED lighting market is growing rapidly mainly due to high efficiency of LED lights, government regulations to ban incandescent lamps and attractive payback of LED lighting. Moreover, LED lighting is environmental free lighting, as it does not emit harmful gases that result in hazardous disorders in human beings.

For example, fluorescent lights emit harmful gases that are carcinogenic and may cause cancer, while incandescent lamps emit large amounts of CO2. However, LEDs overcome these disadvantages with improved reliability and high degree of illumination.

Incandescent lamps use more energy than LED lamps; hence, several governments have introduced measures to ban their use. Governments have set minimum efficiency standards and introduced measures to ban the use of incandescent lamps.

For example, in the U.S., federal law scheduled the phasing out of incandescent bulbs by 2013 and replacing them with energy efficient LED bulbs. Phasing out of incandescent bulbs began in January 2013 started with 100 watt bulbs followed by 75 watt bulbs in 2014.

Moreover, 40-watt and 60-watt incandescent bulbs are expected to join the list soon. In Japan, all incandescent lamps have been banned since 2012. In China, 100-watt and 75-watt incandescent lamps have been banned since 2012 and 2013 respectively. In Brazil, 100-watt and 60-watt+ incandescent lamps were banned since 2012 and 2013 respectively.

Moreover, non-commercial growth drivers in the market include actions taken to support LED lighting systems at the legislative level, development of regulations and standards that fuels the growth of LED lighting systems and different programmes for implementing energy-efficient lighting systems at the level of an individual organization levels.

In Japan, after the Ministry of Economy took the decision to ban the use of incandescent lamps in 2012, some manufacturers announced that they would stop production of incandescent lamps and to improve the production of LED lights.

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Hence, penetration of LED lighting increased to 30% in 2012 from 16% in 2010. Europe banned import as well as manufacturing of all incandescent lamps from September 2012. The U.S. has banned incandescent lamps since 2012; South Korea banned the use of incandescent lamps in 2013.

According to a conservative study conducted by the DOE (Department of Energy) LEDs have the potential to reduce yearly consumption by 190 terawatt hours in the U.S. Additionally, LEDs can further reduce greenhouse gases by at least 10% over the period of five to ten years.

LED lighting lowers overall cost of lighting as it offers about 50,000 hours of illumination with a fraction of energy used by traditional incandescent bulbs.

It extends time between bulb replacements. LED lighting is preferred as near zero maintenance lighting system. Suppliers of LED lighting offer more than 150 different lamp and bulb styles to meet the needs of businesses and consumers.

About TMR

TMR is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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