IMS: Global use of LED lighting reduces lighting energy consumption by 20% in 2016

According to the latest research by market research and consulting firm IMS Research (which was recently acquired by IHS Inc. (NYSE:IHS)), the widespread adoption of LED retrofit lamps will create a global energy savings worth 100 billion U.S. dollars over the next five years, although the IMS Research report reveals that At present, LED lamps for general illumination have not been widely used, but LED lighting opportunities will soon come. Its potential market will lead to the sale of 4 billion LED lamps in 2016. Although LED lighting is currently mainly promoted through legislation, consumers will increasingly realize that LED lighting is more competitive than other lighting technologies, with longer service life and more energy-saving, which will accelerate the promotion of LED.

Senior Market Analyst Ryan said: “The impact of global LED lighting on the environment will be enormous. At present, lighting consumes about 19% of the energy in the world. IMS Research predicts that in 2016, LED accounts for about 15% of total lighting. The global energy consumption of lighting will be reduced by about 20%."

The IMS Research report also predicts that in 2012 alone, the replacement of incandescent lamps with LED lights will result in over 30 GWh of energy savings. By 2016, with the widespread adoption of LED street lighting, the saving of electricity is expected to reach more than 300 GWe. According to calculations, it will exceed 800 GWe in five years and worth more than 100 billion US dollars.

Market analyst Jonathan Eykyn commented: “In 2016, energy-saving energy 800GWe is equivalent to the full capacity of more than 50 nuclear power stations. When the world is struggling to balance more power expenditures and provide low-cost power sources, LED lighting solutions The plan provides a source of more sustainable development and is a major force supporting economic growth."

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