News

6 May 2010

 

LED lighting to comprise 46% of commercial building lamps by 2020

Lighting accounts for about 17.5% of global electricity use and, within the USA, most lighting energy is consumed in commercial buildings. Recent innovations, particularly the development of solid-state lighting using LEDs, hold significant long-term potential for energy savings in the commercial building sector. LED lighting will become an increasingly important segment of the market, and by 2020 it will achieve 46% penetration of the $4.4bn US market for lamps in the commercial, industrial, and outdoor stationary sectors, according to the report ‘Energy Efficient Lighting for Commercial Markets’ from Pike Research.

“LED lighting will reach an inflection point in the next five years,” says managing director Clint Wheelock.  “As solid-state lighting costs come down and performance increases, LEDs will become a practical option for an increasing number of commercial applications.” LEDs are already widely used in traffic signals and exit sign lighting, and those markets will become saturated within the next few years, reckons Pike Research. The outdoor stationary sector will be the next growth area for LED lighting, followed by retail and office/professional and institutional buildings, the firm adds.

However, despite the strong long-term prospects for LED lighting, the sector still faces technological and economic hurdles, cautions Pike Research. While the cost and efficacy of solid-state lighting are improving rapidly, it will be a number of years before LEDs lead the commercial lighting market. During this period of transition, fluorescent T8 and T5 lamps, which offer good efficacy and life at very reasonable prices, will overtake incandescent lamps as the leading technology prior to the coming of age for LED lighting products, forecasts Pike Research.

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