How to Save $100 Billion Globally

July 17, 2012

According to a new study, the widespread adoption of LED lamps will create a global energy savings worth $100 billion over the next five years. IMS Research found that a rapid uptake of retrofit LED lamps has a huge potential market.

On average, lighting accounts for about 19 percent of the world’s current energy usage. But IMS Research estimated that by 2016, about 15 percent of all lighting on the market will be based on LED technology, which would reduce global energy consumption of lighting by at least 20 percent.

With an average life expectancy of over 30,000 hours, LED lights not only save on energy, but are cost-effective as well.

Retrofitting commercial buildings is a growing market, and has many boosts by legislation that bans conventional incandescent bulbs.

While switching to LED lamps may seem simple, most commercial buildings require more work and planning.

Worldwide Energy provides a complete turn-key service to help any business. We are the single point of responsibility, so we do all the work. Contact one of our representatives today to schedule a facility review.

Source: IMS Research

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