LEDs Expected to Eclipse Fluorescents in Retrofits
LEDs saw a significant uptick in 2013 and are expected to outpace fluorescent lighting in 2014 for retrofit installations, according to a survey conducted by lighting manufacturer Precision-Paragon.
Responses from 5,000 lighting industry professionals suggest LED installations jumped 12% in 2013 to make up 37% of the retrofit market, and the vast majority of respondents say they expect the overall energy-efficient lighting industry to experience further growth in 2014. When asked which lighting technology will be the dominant choice for retrofit projects in 2014, 49% of respondents predicted LEDs compared to 46% who expect linear fluorescent (see LEDs: The Future Is Here).
“Our industry has seen steady growth in LED lighting performance and sales in recent years,” stated Joe Martin, Precision-Paragon vice president and general manager, in a press release. In the past three years of issuing the survey, reported LED installations grew an average of 8% per year. Meanwhile, according to the company’s own estimations, LED installation costs have been reduced by more than 60% since 2010 due to new light-engine and heat-sink technologies. Martin concludes that the survey results show “LED technology has advanced to the point that it can compete with fluorescent lighting in many applications.”
Published May 25, 2014 Permalink