24 April 2012
The Use of Low energy lighting is growing across the world, but until very recently the use of Low energy lighting, in particular the use of light-emitting diode (LED) products in Asia was held back as light-emitting diode (LED) products were seen as overly expensive. Recent advances in technology and improvements in production processes have drastically reduced the cost of low energy lighting products.
This has led to a change in perception of LED lighting dramatically, and LED is now viewed as an affordable and efficient technology with long-term cost and environmental benefits. In many Asian markets, governments are committing large amounts of funding to basic infrastructure, creating an abundance of business opportunities to companies providing a wide variety of products to the building industries and recent research seen by Greenlite UK on the sales of LED and commercial low energy lighting will grow significantly over the next 10 years and will grow very sharply indeed after 2015.
It is estimated that between now and 2012 this growth in the production on low energy lighting systems including lamps and luminaries, will rise from 66 million in 2011 to 542 million in 2021 which is an increase of more than 700% in 10 years. It is estimated that during this 10 year period this will equate to a market worth almost £8 billion.
Japan is one of the leaders in energy efficient lighting technology (low energy lighting) identifying the potential of this market over a decade ago when it created its 21st Century light project, Taiwan has also embraced this growing commercial lighting market by establishing a Next Generation Light Source Technology Development & Supply Strategy where the country aims to place a greater reliance on LED low energy lighting systems and targeted the production of LED lighting as a national industry reducing its reliance on the semiconductor market