14 DAY TRIAL // LED technology is becoming really popular in building and street lighting, even though its initial implementations consisted of mishaps like snowed-over street lights. Because LEDs don't give off heat like normal bulbs, and the snow didn't melt because of that.
But that's not the topic here. Instead, the topic is what will come of the lighting application market in the next three years.
According to Strategies Unlimited, about half of all lighting applications will use LED by 2017.
That means that they will reach a value of $13 billion / €9.62 billion.
Mostly, this is owed to the massive price drop of high-power LEDs, and the average efficiency of over 100 lm/W for 1W packages and 200lm/W for multi-chip arrays.
And since price cuts have slowed down, now is the opportune time for lighting companies to take the next step. There is no longer the promise of even lower prices to make them hold back until “later.”