Light Emitting Diode known as LED light has been in the market for many years, mainly in niche usage such as small trinkets and indicator lighting. However, owing to LED light being highly energy saving, not to mention technologically superior over other light sources like the incandescent and fluorescent lighting, it is expected to reach beyond electronic applications into commercial and home lighting as well. In a recent study by Global Industry Analysts it is estimated that the market for fluorescent and LED light could climb to $97 billion by 2010. The increase in growth would be primarily from construction and industrial development industries.
As more people become aware of the energy efficiency of LEDs, the cost of such items as LED bulbs will decrease in price. Currently, the price of one LED bulb is noticeably higher than the price of incandescent or fluorescent lights. However, the initial price for the bulbs would more than pay for itself over time. On average, one incandescent 60-watt bulb endures 1,000 hours whereas one 2-watt LED light bulb lasts 60,000 hours. Therefore, one would have to purchase 60 incandescent bulbs for each LED light bulb.
Home LED light is a cut above the rest when it comes to energy efficiency. As compared to incandescent lighting, LEDs wins hands down where power consumption is involved. For every 60,000 hours of usage, incandescent lighting uses around 3,600 kWh of electricity where LED lights need 120 kWh. Bottom line: energy efficiency equals a significant cost savings. LEDs gives off directional illumination. Therefore, it is excellent as a source of light for reading or spotlighting in the home. Its powerful light output also makes it awesome for outdoor floodlighting and road illumination. These bulbs are now available that can replace most halogen or fluorescent bulbs used in the home.
Yet LED light may not be useful for all home lighting needs, changing a few bulbs would have an obvious affect in the amount of electricity used.
LEDs are already used in signs and videos in many indoor and outdoor sports events and parties. LED video displays and signs are often preferred because of their improved brightness, which is important when people are viewing a sign or video from a long distance. Other benefits of these video displays are their capacity to incorporate curves and 3-D design. This makes LED displays technologically better than currently available large screen shows. Research and developers in the consumer electronics field are ready to take advantage of this overwhelmingly useful technology in future devices.
Other uses for LED light incorporate flashlights and key chains, automobile taillights and interior lights, and LED-based projection televisions. LED light is also being used in the armed forces for LED flashlights that is used in night-vision goggles, UV-LED canteen water treatment devices and the sterilization of surgical instruments.
With LED light being more energy saving and technologically superior to many other light sources, numerous applications are sure to grow. Future generations can expect to think LED light as the standard light source for most lighting applications.
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