LED lighting energy saving and market potential

In August 2014, the US DOE released the latest issue of “Predicting Energy Saving Potential for Solid State Lighting in General Lighting Applications”, which predicts the power saving potential and market penetration of US LED lighting applications by 2030. According to the report, in 2013, the US lighting power consumption accounted for about 17 of the total electricity consumption of the whole society. The use of LED lighting products will greatly reduce the consumption of lighting electricity. According to the report, it is estimated that in 2020, the market penetration rate of LED lighting products in the general lighting market (based on lumens-hour) will increase from 3 in 2013 to 48, and lighting energy consumption will be reduced by 15; and in 2030, LED lighting It will dominate the lighting segment, with an overall market penetration rate of 84, and lighting energy consumption will be reduced by 40. The current electricity price conversion is equivalent to saving 26 billion US dollars, enough for 24 million American households to supply electricity. The rapid growth of LED lighting is due to the competitiveness of LED costs and the promulgation of new energy efficiency standards. The DOE report once again demonstrates the infinite market space for LED lighting from the perspective of energy saving potential, and its forecast coincides with domestic industry institutions. According to a report released by domestic industry organizations, in 2013, China's lighting electricity consumption accounted for about 13.6 of the total social electricity consumption, and LED lighting products market penetration rate (based on market sales) was 8.9. It is expected that by 2015, China's LED lighting market penetration rate will be More than 30 years, the annual electricity saving is about 100 billion kWh; in 2020, the LED lighting market penetration rate will exceed 70, and the annual electricity saving will be about 340 billion kWh.

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