Low-energy light-emitting diodes, or LEDs, have already captured the bulk of new lighting installations and could grab three-quarters of the market in the next decade.
With costs continuing to fall, the LED advantage continues to grow. “Given the very short replacement cycles of legacy lamps, LEDs are likely to have replaced the installed lighting base well before 2030, making it potentially one of the fastest technology shifts in human history,” a Goldman Sachs report found last year.
Now comes the International Energy Agency, which estimates that only 1% of the potential for energy savings have been achieved in lighting, meaning there are huge potential efficiencies ahead.
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