NewEnergyNews: LED LIGHTING BRIGHTENING THE WORLD

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    Founding Editor Herman K. Trabish

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    Friday, May 08, 2015

    LED LIGHTING BRIGHTENING THE WORLD

    LED Lighting: Global Outlook; Commercial, Residential, Industrial, Outdoor, and Automotive Markets: Global Market Analysis and Forecasts

    2Q 2015 (Navigant Research) LED prices have declined to a point where this type of lighting is becoming the economical choice in almost every application…As the payback periods fall below 2–4 years in more and more applications, those with decision-making power over what type of lighting to use are forced to consider this comparatively new technology…[for] commercial buildings, residential buildings, industrial buildings, and outdoor applications. Vehicle headlights are seeing a sharp increase in the use of LEDs, as well…The fall in LED prices is leading to the commoditization of many LED components, fueling price wars…[and] patent disputes are increasing as the owners of intellectual property protect their turf. According to Navigant Research, global unit shipments of LED lamps and modules are expected to grow at a compound annual growth rate (CAGR) of 19.0% between 2015 and 2024…” click here for more

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