LED Lighting Market to Grow Rapidly

With a U.S. mandate for more energy efficient lighting taking effect in 2012 and more businesses looking for ways to cut electricity costs, LED Lighting represent a burgeoning market for the lighting industry -- and the rivalry is heating up among companies that want to seize the lion's share of the sizable spoils.

A new study from Pike Research forecasts that LEDs will account for almost half of a $4.4 billion market for lamps in the commercial, industrial and outdoor stationary sectors by 2020.

Almost 18 percent of global electricity use goes toward lighting, and lighting in the U.S. consumes a fifth of the amount at an annual cost of more than $40 billion. With their ability to produce the same amount of light as traditional bulbs while consuming less energy and lasting far longer, LEDs represent a strong opportunity to cut expenses and reduce electricity use.

Typically, the LED replacements for traditional bulbs are described by their manufacturers as delivering 80 percent energy savings and lasting 25,000 hours, which can be 12 to 25 times longer than the bulbs they are replacing, depending on wattage and the company doing the talking.

Widely used for traffic signals and exit signs, LEDs have yet to break through the cost barrier, which has been the biggest obstacle to market penetration. But that's expected to change.

Prospective price tags have been reported in the range of $60 for LED retrofits for incandescent 60-watt bulbs and $40 to $50 for LEDs that replace 40-watt bulbs. However, some companies are saying they can beat those prices, at least one already is, and all the firms are jockeying to be the best, brightest and "first" in a number of descriptive categories.
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Redbird LED Offers New LED Technology at Lower Pricing

The energy savings numbers of using LED lights has been obvious for a number of years but the initial costs have hindered the growth of the LED Retrofit market. That has changed with a new line up of LED Tube Lights from Atlanta based Redbird LED. They have carefully designed and manufactured a superior quality lights that is priced lower than most competitors. For more information please visit their LED Tube website.