By 2024, the Global LED Lighting Market is expected to surpass more than 100 billion US dollars. This is due in part to not only residential transformation of LED lighting, but by the industrial and commercial sectors, and government organizations.

Quite possibility, the simplest way to be more energy efficient is by switching your current lighting to LEDs. Due to LEDs advancement of its features like efficiency, durability, environment-friendly, and cost effectiveness, LEDs have saved users up to 80% on energy expenses. The rising of electricity prices, increasing concerns over climate change and the great desire of countries to be energy dependent are driving the global lighting market into highly-efficient LED light sources. By 2035, the U.S. Department of Energy believes that with the increase use of LEDs the total savings in energy cost adds up to nearly $52 billion for indoor and outdoor uses.

LEDs have evolved over the last 2 decades with advancements in how well it produces visible light and how they are more affordable over their life cycle. LEDs can also be integrated with additional electronics, such as an occupancy sensor that are connected to a network interface, to provide LEDs with new functions. For example, this feature enables the automatic dimming of lights when there’s sufficient natural light in the room. The sensor will also sense the presence of people in a room and can then adjust overhead lighting accordingly. These capabilities not only provide the optimal amount of lighting throughout a building but will also save energy and money.

LEDs used in parking lots, garages, and walkways (such as our Xindeco LED street lights) can be configured to automatically dim or turn lights off when sensors detect an unoccupied area. The same can be done to connect LEDs to an internal building management network, such as the heating, ventilation, and air conditioning systems. These systems can be alerted when certain parts of a building are empty, thus adjusting the temperature or shutting off entirely. This, indeed, is an especially attractive cost-saving option for cities all over the world.

The LED lighting market is categorized by 5 regions: Europe, North America, Asia, Latin America, and Middle East and Africa. Asia is one of the important destinations for LED lighting market and has captured the highest market share in the global LED lighting market. In some regions of the world, the government has taken significant steps to promote LED lighting, even banning incandescent bulbs and giving subsidies to the LED lighting manufacturers.