LED Lighting Energy Saving And Market Potential Analysis

LED lighting energy saving and market potential analysis

In August 2014, the US DOE released the latest issue of “Predicting Energy Saving Potential for Solid State Lighting in General Lighting Applications”, which predicts the power saving potential and market penetration of US LED lighting applications by 2030.According to the report, in 2013, US lighting electricity accounted for about 17% of the total electricity consumption in the whole society. The use of LED lighting products will greatly reduce the consumption of lighting electricity.According to the report, it is estimated that in 2020, the market penetration rate of LED lighting products in the general lighting market (based on lumens-hour) will increase from 3% in 2013 to 48%, and lighting energy consumption will be reduced by 15%;
In 2030, LED lighting will dominate the lighting segment, with an overall market penetration rate of 84%, lighting energy consumption will be reduced by 40%, and the current electricity price conversion is equivalent to saving 26 billion US dollars, enough for 24 million households. American home power supply.
The rapid growth of LED lighting is due to the competitiveness of LED costs and the promulgation of new energy efficiency standards.
The DOE report once again demonstrates the infinite market space for LED lighting from the perspective of energy saving potential, and its forecast coincides with domestic industry institutions.
According to a report released by domestic industry organizations, in 2013, China’s lighting electricity consumption accounted for 13.6% of the total social electricity consumption, and LED lighting products market penetration rate (based on market sales) was 8.9%. It is expected that by 2015, China’s LED lighting market will penetrate. The rate will exceed 30%, and the annual electricity saving will be about 100 billion kWh;
In 2020, the penetration rate of the LED lighting market will exceed 70%, and the annual electricity saving will be about 340 billion kWh.

Post time: Oct-31-2018