Lighting systems are becoming more sophisticated to meet the requirements of building owners. Through innovative and advanced capability, lighting and controls provide code-compliant energy savings while also reducing maintenance and increasing adaptability for future needs.
The light-emitting diode (LED) lamp market has been forecasted to reach a consumption value of $3.36 billion in 2019—almost tripling from last year. According to ElectroniCast Consultants, the 2014 market hit $1.22 billion and will increase at an annual growth rate of 22.4 per cent through 2019.
Light-emitting diodes (LED) are becoming increasingly popular due to the ever-present emphasis on reducing project costs. With numbers of LED installations rising, it is imperative that architects, engineers, and specifiers are able to evaluate the benefits of LED technology.
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