Led White Logo
Ic1 Free Large USA Inventory
Ic1 Free Dedicated Sales Reps
Ic1 Free Responsive Support

LEDs (light-emitting diodes) are on their way to becoming king of the global lighting market. Lighting technologies like incandescent, halogen, and fluorescent are slowly being phased out and, in some cases, obsolete. Over the last ten to fifteen years, LED technology has made enormous leaps in quality, efficacy, and versatility. At the same time, it has become more affordable.

We’ve compiled some informative statistics about LED lighting and list them below. It provides a helpful snapshot of where it is now and where it’s going. The statistics are broken down by the following sectors: general, commercial, industrial, residential.

General LED Lighting Statistics

75%

High-quality LED lamps consume at least 75 percent less energy than incandescent lamps. This means that a major amount of energy savings can be realized by upgrading to LEDs.

25

High-quality LED lamps last 25 times longer than incandescent lamps. This means that you can save time and money in the long run with replacement lamps.

This can also apply to other types of lamps as shown here:

Light Bulbs Comparison Chart

Decreasing Cost

Since 2010, the price of LED lights has fallen considerably. One of the early drawbacks of LED lighting was the higher upfront costs compared to other lighting sources. Now, they are much more price competitive.

50%

In 2019, almost half of all light sales in the world were LEDs. This means that they have been adopted as a primary source of lighting in a very short period. Global lighting sales also reflect this.

Global Lighting Sales

95%

Around 95% of the energy used by LEDs is transformed into light, and 5% is lost as heat. No other light source comes close to this kind of efficiency. For comparison, incandescent bulbs waste 90% of their energy as heat. CFLs waste around 80% of their energy as heat.

 

LED Lighting Efficacy – From Comparable to Superior in a Short Time

  • Starting in 2010, LED average efficacy has improved between 6 to 8 lumens/Watt (lm/W) year over year.
  • The efficacy of typical lamps in the United States doubled over the last decade to over 100 lm/W on average. One-quarter of these exceed 120 lm/W. Efficacies are much lower for compact fluorescent lamps (~60 lm/W) and halogens (less than 20 lm/W).
  • The efficacies of LEDs available for residential use are already 110 lm/W to 130 lm/W. Some products used for commercial applications such as office and street lighting have already reached or surpassed these efficacies.
  • LED lighting efficacy will continue to improve. Further innovation and development could raise the technology limitation to 250 lm/W in the next ten years. All other types of currently available lighting will never come close to reaching this high standard.

87%

LEDs are expected to make up to 87% of global lighting sources by 2030. Most other types of lighting will eventually be phased out. The continued adoption of LED lighting systems is happening at a breakneck pace.

$100,000,000,000

Sized at about 70 billion U.S. dollars in 2019, the global LED market is expected to grow to almost 100 billion U.S. dollars in 2030. According to TrendForce, the projected LED lighting market (globally) will reach over 72 billion in 2022 (+11.7%YoY). It also expects it to be over $93 billion in 2026. The demand for energy-saving LED conversion will rise as the global community attempts to achieve net-zero emissions. Because of this, applications for residential, commercial, industrial, sports and outdoor lighting will create opportunities for further market growth.

Outdoor Lighting Applications Will Help Drive Increased Demand for LEDs in the Future

Outdoor Lighting Market

Installation Of Outdoor Led

30%-40%

It is estimated that the transition to energy-efficient LED lighting will reduce the global electricity demand for lighting by 30-40% in 2030. This will have an immense impact on efforts to lessen energy consumption around the world.

$0.3 per kilolumen

The price of LED lamps is projected to continue falling over the next three decades. One kilolumen cost 0.7 U.S. dollars in 2017. According to projections, it is expected to drop to around 0.3 U.S. dollars in 2050. The forecasted price for warm and cold light LED lamps and fixtures are even more positive. The anticipated drop to 0.3 U.S. dollars per kilolumen by 2035.

Industrial LED Lighting Statistics

Global Industrial Lighting Market

Horticultural Lighting Applications

LED horticultural lighting applications are on the rise. This is related to the quick rapid adoption growth of cannabis use across the USA and Canada.. According to data collected by Trendforce, the Horticultural LED lighting market will jump by over 10 to 1.85 USD billion globally.

Residential LED Lighting Statistics

47%

Between 2015 and 2020, the percentage of households that use LED lighting for most or all their indoor lighting has risen from 4% to 47%. This demonstrates how quickly it has been adopted at the residential level.

Indoor Lighting In Households

Sports LED Lighting Statistics

Global Stadium Lighting Market

About the Author

Neil Peterson is Chief Operating Officer at LED Lighting Supply. He has been active in the LED industry for over 10 years and is responsible for product planning and management as well as revenue and operations at LED Lighting Supply. Much of Neil’s time is focused on customer engagement for large commercial and industrial lighting requirements. When not working, he enjoys family time, camping, fishing, and sports..

See more posts by Neil Peterson