A new report projects that LED adoption will vastly increase in the coming years thanks to shorter payback periods and energy regulations such as California Title 24 and the IECC. Commercial facilities are expected to be a major expansion area in LED adoption, with the report noting that while only 15% of retrofit lamp purchases were LED in 2014, that amount is expected to jump to nearly 76% by 2024.
The report from Navigant Research also notes that while previously LEDs have failed to capture the industrial and high-bay markets, newly released options that provide vastly improved illumination and can meet stringent safety and hazardous environment requirements will also help to drive adoption of LEDs in the industrial sectors. The massive growth from LEDs is also expected to nearly eliminate the use of halogen and incandescent light sources in commercial buildings as well as take market share from fluorescent options such as T8s, T5s, and CFLs.
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