LED lighting is one of the most rapidly evolving lighting technologies in the world. It gives more benefits compared to traditional lighting technologies, such as being more energy efficient. They require about 90% less electricity with efficient heat emission. They also have a longer lifespan. As a consequence, incandescent and fluorescent lights are now being replaced by LED lights in the residential, commercial, and industrial sectors. If you are wondering if the LED industry will do well this year, here are the current trends seen by experts.
1. Connectivity is a focus for LED lighting innovations
With LED lighting now in the mainstream, designers are turning their focus to making the lights easier to be controlled. Dimmers and sensors are nothing new, but the challenge is to elevate their sophistication by connecting the LED lights to devices. The internet will also play a big part in LED innovations enhancing connectivity between your devices and LED lights. This will allow users to save energy and make their homes safer to live in.
2. Circuit protection is also becoming a focus for LED Lighting innovations
Engineers and specialists in product development are continuously making improvements in LED lighting designs in order to keep up with the market trends. Many challenges are being encountered such as the need to protect the LEDs circuits from lightning, surges, and electrostatic discharge (ESD) that may endanger the safety of the user. This is why state-of-the art circuit protection technology is needed in order to avoid occurrence of failures within the payback period of investment of five years.
3. The Compound Annual Growth Rate of LED Specialty lighting is seen to increase until 2020.
A market report released in 2016 indicated that four areas of LED specialty lighting are sparking the interests of many people, namely: smart lighting, surgical lighting, horticultural lighting, and marine / harbour lighting. The market share of the four areas combined is seen to increase to about USD 16 billion in 2020, with the compound annual growth rate reaching 30%. Smart lighting, which aims to promote the efficient use of energy is seen to be the area which presents numerous opportunities. This translates to more room for growth. Horticultural lighting also has a huge potential because of the advances in the way produce is cultivated.
4. Technologies for sources of LED light power are being improved
LED lights are normally powered by a ‘driver’ that transforms electricity to light. The new designs being conceptualised by engineers gets rid of the driver. A company has introduced a power system that generates electricity using only data cables and ethernet.
5. Healthier LED lighting
Light affects how we work, how fast we learn, and how rapidly we recover from sickness. The increasing popularity of LEDs means that it will be easier and less expensive to incorporate this knowledge into LED lighting designs and products that help improve health. You can now adjust the colour and brightness of LED lights during the day to become more like natural light. An example of this is Denmark’s Nordsjællands Hospital that utilises a programme for controlling light and sound in their delivery suites to create a calm and soothing environment for women in labour.
6. Market penetration of the LED industry will increase to 50%
Experts predict that the net worth of the LED industry will increase to US$33 billion this year because of the huge jump in penetration rate. The United States is considered to be the growth driver of the market since it is currently promoting local assembly of LED lighting. Australia has made a move towards phasing out incandescent lights. As a result, the products being currently used are MR16 lamps and ceiling lights. Since it continues to pursue energy conversation, the LED lighting industry will definitely have more opportunities to grow in the country.
With all the developments in store for LED this year, it’s time to shift and start embracing its benefits. To install LED lights in your home, ask help from Rovert Lighting and Electrical. Contact us today.