LightFair International (LFI) 2012 is coming to a close today in Las Vegas, Nevada, where for the past couple of days over 500 exhibitors have showcased the latest in lighting innovations and solutions for the full suite of markets, from streetlights and signage to commercial and home lighting. The show opened with the announcement of the winners of this year's innovation awards which can be found in this article from LED Magazine.
Among the most anticipated and exciting news is the launch of Light Emitting Diode (LED) retrofit lamps which are set to ease the conversion to, and thereby help the adoption of, Solid State Lighting (SSL) and LED products. The push for energy efficiency is also at the core of the rise in new lighting solution adoptions, this year the 40-watt incandescent will be phased out in the United States during 2012, based on a law that was passed by the US Congress in 2007.
Price point remains an important barrier to full change over to these newer lighting technologies, but already Compact Fluorescent Lights (CFLs) have dramatically dropped in price to become very competitive with incandescent bulbs. However, the small amount of mercury used in CFLs remains a problem, and an opportunity, that favors LED adoption, as discussed in this recent article from WSJ MarketWatch.
The growth trajectory in the general lighting sector has maintained a compound annual growth rate (CAGR) of 5-6%, as discussed here in this in-depth interview in LED Professional. However, the LED lighting market is forecast to grow well beyond that, possibly up to 38% over the next five-years, according to LEDinside as reported here by ElectronicsFeed. Among the major push behind this growth is the strong and rapid adoption of LED solutions for commercial and municipal uses, particularly in Europe. As the ElectronicsFeed article underscores, the increases in color array coupled with the 2011 price declines for LEDs, have made the switch an easy choice for markets where long-term costs are highlighted, a strength of the LED solutions.
For the consumer market, price remains a barrier, but with retrofits and new LED solutions coming to market (such as dimmable LEDs, various color arrays and shades of white, flexible indoor/outdoor solutions, etc.), the present roughly US $50 LED bulb, should see price declines that make it more attractive to consumers. This year, residential penetration of LED solutions is expected to double from the 2011 5% level to roughly 10% based on both price improvements and the newer suite of lighting solutions allowing for color, temperature, and other lighting controls not available with non-LEDs through new interfaces, according to research by Yole Developpement, as reported by LED Professional.
Among those OEMs featuring the latest in LED solutions at LightFair include Phillips' next generation LED solutions, Marvell's advanced driver IC technology for total solutions for residential and commercial users, OSRAM Sylvania is the recipient of LightFair's Innovation Award in the Ballasts, Transformers and LED Drivers Category, though the field is obviously quite wide and healthy as witnessed by the many exhibitors this year at LightFair 2012.