Bright light, big idea
LED Impact
LED market
- The market for LEDs for general lighting could reach $19.5 billion in 2012 and $31.4 billion in 2017. (Electronics.ca publications)
- In 2011 LEDs for general illumination applications accounted for the largest share (35%) of the market, followed by mobile devices (30%), and signaling/signage applications (18%). (Electronics.ca publications)
- In the automotive industry, the market for LEDs is expected to double by 2020. (Market Watch)
- By 2020, the cost of an LED bulb is expected to drop to half its current cost. (Market Watch)
- By 2021, LED lighting is expected to capture more than 50% of the commercial building market. (Clean Techica)
Comparing a traditional 60 W incandescent bulb
to a 12 W LED light:
(with comparable brightness)
- The LED light uses 75-80% less energy than the incandescent bulb. (Design Recycle Inc.)
- The average operating cost is $328.50 per year for the incandescent versus $32.85 for the LED. (Design Recycle Inc.)
- Bulb life is 1,000 hours for the incandescent versus 50,000 hours for the LED. (Design Recycle Inc.)
Consumer market
- LEDs are becoming the standard in traffic stop lights, pedestrian signals, hazard signs, message boards, and in automobile instrumentation.
Top LED manufacturers worldwide for 2011:
(The manufacturers worldwide data is from Optics.org)
- Nichia
- Samsung LED
- Osram Opto Semiconductors
- LG Innotek
- Seoul Semiconductor
- Cree
- Philips Lumileds
- Sharp
- TG
- Everlight