by Toby Smith 04/15/08
Along with solar power, our ChangeWave Alliance research is showing that LED lighting is another standout in the corporate race toward energy efficiency.
Overall, lighting is the single easiest area for businesses to reduce their energy usage.
It is little wonder then, that energy efficient lighting is the top product/technology companies will be purchasing over the next six months to improve energy efficiency.
One big obstacle to the wider adoption of LED lighting technology is cost, according to survey respondents. Nearly three-in-four respondents (74%) say their company would only consider replacing all of its lighting with LED if the cost were less than $5 per bulb. But despite pricing issues, the survey shows that LED lighting is rapidly being adopted by U.S. companies.
This bodes well for major lighting companies like Philips Electronics (PHG) and General Electric (GE), who are the top LED manufacturers and distributors. However, the smaller pure-plays in LED lighting technology, like Cree (CREE), may also become big winners in this market.
