LED Lighting: 80% of Market by 2030

The U.S. Department of Energy is reporting that light-emitting diode (LED) lighting will achieve an 84% general-lighting-market penetration by 2030, substantially more than the 74% penetration DOE predicted just last year. 


In their "Energy Savings Forecast of Solid-State Lighting in General Illumination Applications" report, DOE found that in 2013, LED-lighting sales comprised an overall 3% market share. By 2020, the federal agency believes, LED sales will comprise almost half (48%) of all U.S. general-lighting-market sales. 

By 2030, DOE estimates that LEDs will dominate in each of the eight sub-markets it examined-five indoor to include general service lighting and three outdoor that includes street lighting.

The Tennessee-Based Edison Report says that LED penetration of the general-service sub-market will grow fast-with the DOE saying it will attain a 55% market share by 2020. In the street/roadway sub-market, DOE is projecting an 83% LED market share by 2020 and an almost 100% share by 2030. LEDs’ market penetration should accelerate after that date, however, and is expected to also achieve a near-100% sub-market penetration by 2030.

Interesting to this blogger, the DOE report said that in 2013, lighting was responsible for about 17% of the nation's total electricity consumption and expect an increased reliance on LED lighting as the technology reduces U.S. lighting-energy consumption by 15% in 2020 and by 40% in 2030, saving about $26 billion at today's electricity prices.  This point not lost by the largest advocate of High Benefit Lighting® for nearly four decades, the National Lighting Bureau.

“I’m confident that these are the best predictions available on this subject, but – like all predictions – they cannot consider the unknown," said National Lighting Bureau Chair Howard P. Lewis. "One of the biggest unknowns is ‘what will the lighting industry come up with next’?  Between now and 16 years from now, it’s highly likely that we’ll be dealing with ‘the next big thing'. This means that more products and more types of products will be competing on the basis of efficiency, cost, and functionality, and that’s a good thing.”

The key here is efficiency.  At some point, LEDs will be the only clearly viable solution to reducing energy while lighting our way in a growing world.

Need an LED solution for your facility? Check out our website at www.get-guam.com or give GET, LLC a call at 671-797-0789.  We are a provider of Independence LED Lighting and Deco Lighting Inc. products-Made in America!!!