Pike Research recently released a report discussing expectations for energy efficient lighting in commercial markets. According to their report, commercial solid-state lighting systems have declined in cost (and will continue to do so), making them a reasonable option for projects. The initial investment will no longer be a roadblock for energy efficient lighting. Federal and local government initiatives for installing LEDs and retrofits will further encourage the shift.
Lighting makes up about 17.5% of global electricity use. In the US, the majority of it is consumed in commercial buildings. Given that the Department of Energy reported earlier this year that Americans could collectively save $120 billion by switching to LEDs, the Pike Research results come as welcome news!
The report includes a 10-year forecast for lighting sales in the U.S. across 10 different technology categories. It also analyzes the performance requirements for various lighting applications and assesses the current and future options. To view an Executive Summary, go to the Pike Research website.