by Shane Henson — April 8, 2013—The number of nonresidential buildings in the Asia-Pacific that use light-emitting diode (LED) lighting is expected to rise as more facilities and building managers learn about this energy and cost-efficient form of lighting, according to the recently released report, Non-Residential LED Market in Asia-Pacific, from Frost & Sullivan’s Building Technologies division.
According to the report, the LED market in the Asia-Pacific earned revenues of approximately $183.8 million in 2012 and is expected to reach $420.4 million by 2017. The study conducted for the report covers the application sectors of commercial, architectural, industrial and public lighting, says Frost & Sullivan.
As Frost & Sullivan Energy & Environmental Research Analyst Prashanth Kay notes, LED lights are ideal for areas with low clearance, excessive moisture or dust, corrosive atmospheres, and high ambient temperature. Also, the high recyclability of LED lamps is in line with businesses’ corporate social responsibility policies to reduce their carbon footprint.
While the benefits of LEDs are apparent, customers are often dissuaded by the high initial investment required to transition from conventional lighting to LEDs, says Frost & Sullivan. However, investors can be persuaded by demonstrating the return on investment through energy savings. Further, with supply expected to exceed demand, there could be a drop in prices.
“Recent breakthroughs will greatly extend the performance limits of LED lights, increasing their applications as well as making them feasible to several end-user segments,” says Kay. “As LED lighting technology improves, the rate of adoption of LED lights for general lighting is also expected to increase.”
