2009-10-21 07:32:42 - US demand for lamps is estimated to grow over 5% annually through 2011.

The demand for energy efficient lighting has been growing steadily over the past few years particularly in residential sector. The sales of energy efficient lighting units surged from 5% in 2005 to over 22% in 2008. It is expected to grow at a CAGR of 12.2% through 2015. Energy efficient Lighting products are expected to undergo robust sales growth during

the period 2009-2015. US is expected to replace traditional Lights completely within 2012 with energy efficient lamps. Conducive governmental policies such as “The Energy Independence and Security Act of 2007“ will play a central role in triggering widespread adoption of energy efficient lighting.
The report covers in-depth analysis of existing as well as upcoming US energy efficient lighting markets. The market data and analysis is focused on lighting technologies such as fluorescent, high intensity discharge and LEDs. It further discusses key drivers, restraints and challenges faced by the lighting vendors. Competitive landscape of energy efficient lighting products market has been analyzed and key player profiles have been provided for the energy efficient lighting markets.

Energy efficient lighting is one of the fastest and cost effective ways to reduce greenhouse gases and develop an eco-friendly energy system while improving energy security. The technological advancements in the energy efficient lighting are making them all the more desirable and suitable for energy savings and emission reductions.
US was the highest carbon dioxide emitting country in the world during 2007-2008. Therefore, in 2008, the US government established new programs to reduce the energy consumption by the usage of energy efficient policies. The Federal Government of US spent about US$ 14.5 billion on energy use in 2008. The enacted standards will reduce residential primary energy consumption and carbon dioxide (CO2) emissions by 8–9% in 2020 compared to the levels expected in the absence of any standard.

Awareness programs and other incentives and rebates offered by federal, provincial and municipal governments in collaboration with various appliance manufacturers have set the tone for rapid growth of the energy efficiency lighting sector in US. Technological advancements made possible by growth in research and development activities have also been the cornerstones of this growth. US government has setup various energy efficient certifying agencies that organize and implement energy efficient programs all over the country.

One-quarter of the total electricity in US is used on lighting, costing US$ 37 billion annually. About 95% of this energy is wasted in the form of heat dissipating from the inefficient Incandescent lamps. Modern energy efficient technologies such as the fluorescent lamps and Light Emitting Diodes (LEDs) have reduced these heat losses and have increased the efficiency by almost 80%.

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Global Markets Direct’s new report “The US Energy Efficient Lighting Market Analysis and Forecasts to 2015” discusses in detail the key market trends of the US Energy efficient lighting industry. Energy efficient lighting holds huge promise for the US as they have the potential to reduce its carbon emissions considerably. US is the largest energy consumer in terms of total use. Lighting accounts for more than 20% of the energy consumption in the US, most of which comes from incandescent and fluorescent bulbs.

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