LED Lighting Trends In Commercial And Industrial Markets
- Jun 26, 2019-
LED Lighting Trends in commercial and industrial markets
Opportunities and leading
As general lighting light-emitting diodes (LEDs) was introduced for the first time in 1997, the industry anticipates that LEDs with projected performance increases could one day completely replace traditional lighting systems.
Today that possibility is very realistic thanks to the improvement of LED performance in recent years and a wave of new commercial, industrial and institutional LED luminaires that have affected the market. The US market for commercial and industrial LED lighting, for example, is estimated to have annual revenues of one billion dollars for 2014. This growth will be based on three emerging trends in the industry:
Recent advances LED chip performance, which allow more cost-effective designs for the replacement of existing lighting systems.
From recent introduction of energy efficiency services financial incentives to convert to these LED based systems.
The growing interest in modernization of traditional lighting to generate energy savings and avoid environmental pollution due to the use of mercury.