LED Usage Projected to Grow Nearly 20%

09/10/2015 |

Efficiency, payback benefits will drive implementation

LED Lighting

LED luminaires will continue to surge in popularity and usage, with the market expected to reach $216 billion by 2024. A recent study from Navigant Research shows that due to falling LED prices, the technology has become an economical choice for almost all applications and the market will grow by an estimated 19% between 2015 and 2024.

The report also points to shorter payback periods, which are now between 2-4 years in many areas as a reason for increased interest in LEDs for retrofits and new installations. Another contributing factor is legislation that bans the use of inefficient or outdated equipment, creating less competition for LEDs.

“For commercial buildings, the shift to LEDs has been the most dramatic in retrofit projects where older bulbs are being replaced specifically to improve efficiency. This change is happening at such a fast rate that LEDs are expected to knock inefficient technologies like incandescent and halogen bulbs out of the market by 2024,” says Jesse Foote, senior research analyst at Navigant Research.

Wondering if LEDs are right for your building? This guide will help you run down the benefits and costs, and these Performance Points can help you make the right choice for your specific application.

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Surpass State Energy Requirements with Dual-Cooling Data Center CRAC Technology

See how professionals like you are taking advantage of the highest performing precision cooling system for their computer rooms and data centers, and why Data Aire is fast-becoming the number one choice for facility managers and building owners looking to decrease their energy consumption. 

Data Aire understands how digital technology and data gravity is rapidly impacting and transforming businesses. That’s why they developed ultra-efficient cooling technology to support the most modern (and not-so-modern) data centers.  Learn how One Wilshire in Los Angeles, one of the most advanced carrier hotels today, is surpassing California's strict energy efficiency requirements with Data Aire’s purpose-built system, which provide full-economization for 260 days – almost 72% of the year. That’s a measurable savings! Furthermore, the projected PUE on an annual basis for a full load is at or below 1.2.


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