LED Lighting Systems To Exceed 4.1 Billion A Year By 2024
In the US, Energy Independence and Security Act is accelerating the adoption of LEDs
A new report from Navigant Research forecasts that worldwide shipments of LED lamps and modules will grow from 864 million annually in 2015 to more than 4.1 billion by 2024.
The report LED Lighting: Global Outlook analyses the world market for light-emitting diode (LED) lamps and modules across all major space lighting uses.
"Early adopters were attracted by some of the unique features of LED lighting, such as improved efficiency, improved operation in cold environments, and enhanced controllability," says Jesse Foote, senior research analyst with Navigant Research. "The current wave of adoption, by contrast, is much more focused on the value of ongoing energy savings compared to a relatively modest increase in upfront cost."
While Europe has perhaps led the way on residential energy efficiency, according to the report, incandescent bans and minimum efficacy levels for bulbs are being introduced throughout the globe.
In North America, the Energy Independence and Security Act (EISA)-which requires 25 percent greater efficiency for light bulbs, phased in from 2012 through 2014-is in full swing, and the Canadian equivalent is not far behind. The laws of physics make it almost impossible for a manufacturer to design a bulb that is as efficient as a compact fluorescent light or LED.
Navigant Research provides market research and benchmarking services for rapidly changing and often highly regulated industries.
AngelTech Live III: Join us on 12 April 2021!
AngelTech Live III will be broadcast on 12 April 2021, 10am BST, rebroadcast on 14 April (10am CTT) and 16 April (10am PST)
and will feature online
versions of the market-leading physical events: CS International
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Thanks to the great diversity of the semiconductor industry, we are always chasing new markets and developing a range of exciting technologies.
2021 is no different. Over the last few months interest in deep-UV LEDs has rocketed, due to its capability to disinfect and sanitise areas and combat Covid-19. We shall consider a roadmap for this device, along with technologies for boosting its output.
We shall also look at microLEDs, a display with many wonderful attributes, identifying processes for handling the mass transfer of tiny emitters that hold the key to commercialisation of this technology.
We shall also discuss electrification of transportation, underpinned by wide bandgap power electronics and supported by blue lasers that are ideal for processing copper.
Additional areas we will cover include the development of GaN ICs, to improve the reach of power electronics; the great strides that have been made with gallium oxide; and a look at new materials, such as cubic GaN and AlScN.
Having attracted 1500 delegates over the last 2 online summits, the 3rd event promises to be even bigger and better – with 3 interactive sessions over 1 day and will once again prove to be a key event across the semiconductor and photonic integrated circuits calendar.
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