Global Industrial and Commercial LED Lighting Market to Shine Bright Thanks to Growing Applications

Recent developments in LED (light-emitting diode) technology have allowed them to be used in several industrial and commercial applications, apart from being used in residential settings. LEDs offer several advantages over incandescent lights, including longer life, lower energy consumption, smaller size, improved physical robustness, and faster switching. Today, LED lighting finds application in numerous outdoor, industrial, architectural, and commercial applications and is used in hotels and restaurants, educational institutes, office buildings, retail shops, and warehouses and storage facilities.

In 2012, the value of the global industrial and commercial LED lighting market was pegged at US$12.9 bn by Transparency Market Research. This is projected to grow to US$86 bn by 2019, registering an impressive 30.80% CAGR from 2013 to 2019.

LED Penetration at Sports Venues

A recent article in Forbes magazine – focused on how LED technology has been making strides in the sports sphere – is an excellent example of LED penetration in industrial and commercial settings. The article talks about the gradual switch by facility operators in the US sports industry from old-fashioned metal halide lighting to state-of-the-art LED lighting. Today, several sports teams in the US are making the move to LED for a number of reasons such as energy cost savings, higher quality of lighting, and major business opportunities for lighting companies. Apart from the 50 college sports facilities in the US that have made the switch to LED, several major NFL venues have also added LED lighting systems at their stadiums.

Ephesus, a New York-based LED lighting company has estimated that sports facilities that have switched from metal halide lighting systems to LED have reported a whopping 75-85% savings in energy costs. Apart from energy savings, sports facility operators also benefit from the high quality of lighting offered by LED. On the field, LED lighting eliminates glare in the eyes of the players and gets rid of hot sports, dark spots, and shadows on the playing surface. For broadcasters, LED lights eliminate post-production color correcting since they provide almost perfect lighting.

Making a Statement with LED Lights
American artist Leo Villareal first created the Bay Bridge light display three years ago at the San Francisco Bay Bridge. The Bay Lights project went dark last March and is being reinstalled this month with US$4 mn and 25,000 LED lights strapped onto the bridge’s cables. This project will come to life on January 30, 2016, just in time for the 50th edition of the Super Bowl – the annual championship game of the NFL in US. 

Browse Press Release:

The initial project that lasted two years attracted an audience of nearly 50 million people and the new project will light up the Golden Gate Bridge or the Bay Bridge in San Francisco for possibly over a decade. The LED lights are known to withstand the harsh conditions of the bay, making them the ideal choice for Villareal’s display.


Post a Comment

Note: only a member of this blog may post a comment.

Latest Post

Market Research Reports