Light Emitting Diode or LED light has been in the market for several years, mainly in niche applications such as small trinkets and signaling. However, due to LED light being highly energy saving, not to mention technologically superior over other light sources like incandescent and fluorescent lighting, it is expected to reach beyond electronic uses into commercial and home lighting as well. In a recent report by Global Industry Analysts it is projected that the market for fluorescent and LED light could move to $97 billion by 2010. The spike in growth would be mostly from construction and industrial development industries.
As more individuals become aware of the energy efficiency of LEDs, the cost of such items as LED bulbs will decline in price. Currently, the price of one LED bulb is substantially higher than the price of incandescent or fluorescent lights. However, the initial price for the lights would more than pay for itself in the long run. On average, one incandescent 60-watt bulb can last 1,000 hours whereas one 2-watt LED light bulb lasts 60,000 hours. Therefore, one would need to purchase 60 incandescent bulbs for each LED light bulb.
Home LED light is a cut above the rest when you consider energy efficiency. As compared to incandescent lighting, LEDs wins hands down where energy consumption is involved. For every 60,000 hours of service, incandescent lighting uses approximately 3,600 kWh of electricity where LED lights need 120 kWh. Bottom line: energy efficiency equals a significant cost savings. LEDs gives off directional light. Therefore, it is excellent as a source of light for reading or spotlighting in the room. Its powerful light output also makes it great for outdoor floodlighting and road illumination. These bulbs are now on the market that can replace most halogen or fluorescent light bulbs used in the home.
Yet LED light may not be useful for all home lighting needs, replacing a few bulbs would have an obvious affect in the amount of energy used.
LEDs are already used in signs and videos in many indoor and outdoor sporting events and parties. LED video displays and signs are frequently preferred because of their higher brightness, which is crucial when people are viewing a sign or video from a long distance. Added benefits of these video displays are their ability to incorporate curves and 3-D design. This makes LED displays technologically superior to currently available large screen shows. Research and manufacturers in the consumer electronics space are ready to take advantage of this overwhelmingly useful technology in future items.
Other uses for LED light incorporate flashlights and key chains, car taillights and interior lights, and LED-based projection televisions. LED light is also being used in the military for LED flashlights that is used in night-vision goggles, UV-LED canteen water treatment plants and the sterilization of surgical equipment.
With LED light being more energy saving and technologically superior to many other light sources, numerous applications are sure to evolve. Future generations can expect to think LED light as the basic light source for most lighting applications.
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