openPR Logo
Press release

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.

Request A Sample Of This Report:

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.

Contact TMR

90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Industrial And Commercial LED Lighting Market - Huge Opportunity to Reduce Energy Consumption here

News-ID: 430033 • Views: 558

More Releases from TMR - Research Reports

Pulmonary Drugs Market is Expected to Reach US$ 28,082.1 Million by the End of 2 …
According to the research report, the global pulmonary drugs market is expected to be worth US$ 28,082.1 mn by the end of 2024 as compared to US$ 48,039.7 mn in 2015. Analysts calculate that the global market will plummet at a CAGR of -6.3% during the forecast period of 2016 and 2024. The market will thrive as the demand for combination drugs is anticipated to remain on the rise during
North America Ventricular Assist Device Market is rising to a valuation of US$ 1 …
According to TMR, the opportunity in the North America market for VADs, which stood at US$0.4 bn in 2015, is likely to expand at a healthy CAGR of 9.20% between 2016 and 2024 and increase to US$1.07 bn by the end of the forecast period. The destination therapy (DT) segment has been reporting a greater application of VADs than the other two indication segments. It is expected to remain the
Dental Membrane and Bone Graft Substitutes Market to rise to US$ 922.6 Million b …
Transparency Market Research notes that innovation and expansion into emerging regions have served these companies well in strengthening their hold in the dental membrane and bone graft substitutes market. For instance, Switzerland-based Geistlich Pharma AG - a global manufacturer and supplier of dental products and devices - expanded its operations in Sydney, Australia and New Delhi, India in 2016. The global dental membrane and bone graft substitutes market is expected to
Human Vaccines Market is Estimated to Reach US$ 72.5 Billion by 2024
The global human vaccines market was valued at US$28.3 bn in 2015 and is estimated to reach US$72.5 bn by 2024, registering an 11.2% CAGR during the forecast period. By age group, pediatric vaccines accounted for a 57.5% share in the global human vaccines market in 2015. Adult vaccines, on the other hand, are expected to expand at a 13.2% CAGR from 2016 to 2024. Based on product, the pneumococcal segment

All 5 Releases

More Releases for LED

LED Supply Chain
This report covers market size and forecasts of LED Supply Chain, including the following market information: Global LED Supply Chain Market Size, 2019-2021, and 2020 (quarterly data), (US$ Million) Global LED Supply Chain Market Size by Type and by Application, 2019-2021, and 2020 (quarterly data), (US$ Million) Global LED Supply Chain Market Size by Region (and Key Countries), 2019-2021, and 2020 (quarterly data), (US$ Million) Global LED Supply Chain Market Size by Company, 2019-
Global LED Packaging Market Size Detail Analysis focusing Market Segmentation li …
Global LED Packaging Market Size Detail Analysis focusing Market Segmentation like Lamp-LED, Side-LED, TOP-LED, High-Power LED, SMD-LED, and Flip-Chip LED & more The LED market is one of the quickly growing segments as they are replacing the traditional lighting equipment like bulbs due to their high efficiency and power saving capability. The LED packaging industry is also growing with innovations along with the LED industry as new technologies are being included
Global LED Driver (LED Lighting Driver) Market Research Report
This report studies the global LED Driver (LED Lighting Driver) market status and forecast, categorizes the global LED Driver (LED Lighting Driver) market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in United States, Europe, China, Japan, South Korea and Taiwan and other regions. Get sample copy of the report: Table of Contents: Table of Contents Global LED Driver (LED Lighting Driver) Market Research Report
Global LED Packaging Market
Global LED Packaging Market is expected to reach US$ 34.29 Bn by 2026 from US$ 18.2 Bn in 2016 at a CAGR of 6.54%. The factors such as increasing demand for high power grade LED packages for lighting applications, rising demand for LED packages in the display panel market, growing government initiatives and regulations for adoption of energy-efficient LED lighting and increasing demand for smart LED lighting solutions are responsible
LED Lighting Optics Market
“Global LED Lighting Optics Market Insights, Forecast to 2025” This report researches the worldwide LED Lighting Optics Market size (value, capacity, production and consumption) in key regions like North America, Europe, Asia Pacific (China, Japan) and other regions. The report provides a unique tool for evaluating the Market, highlighting opportunities, and supporting strategies. This report recognizes that in this rapidly-evolving and competitive environment, up-to-date Marketing information is essential to monitor
LED Services Market - Energy Efficiency of LED Lighting Boosts Uptake
The world LED services market is projected to be highly competitive with many crucial market players vying to withstand the market competition with innovative product offerings and by improving the functionality of their already existing products. Sponsorship of industry events and various long term lighting contracts are some of the significant growth strategies for the success of this market. One of the significant growth promoting elements of the world market for