Businesses and building owners can save money and energy costs by installing energy efficient lighting such as light-emitting diodes (LEDs).
Lighting can be an expensive necessity for building and business owners. It accounts for almost 15 percent of energy consumption in the United States’ building sector, according to Frost and Sullivan. In an effort to reduce those costs and increase energy efficiency, many are turning to LEDs.
Benefits of LED lighting investment includes energy and maintenance cost reductions, and the advanced lighting technology of the bulbs and the longer lifespan compared to traditional light bulbs. The LED lighting market generated $1.15 billion in revenue in 2012, according to the Frost and Sullivan report. Analysts estimated the LED market will reach revenues of $3.63 billion in 2017. “The need to conserve energy by upgrading older systems to LED lighting is a key driver for the market,” said Frost & Sullivan analyst Alejandra Lozano. “In particular, we find there is higher adoption of energy efficient lighting in the outdoor segment due to government funding for lighting upgrades in exterior applications.”
LEDs are estimated to last for as long as 50,000 hours and use as much as 80 percent less energy than incandescent lights. An LED light bulb emits light in a specific direction and does not release any heat, so less energy is wasted. The energy savings can be significant, especially in buildings or parking lots where lights can remain on for several hours at a time or even 24 hours a day.
If you are considering an LED installations for your building or business, contact Lumenistics’ energy efficiency consultants. Business and building owners can talk with lighting specialists to discuss the best options for new lighting solutions.