Surveys in Kolkata, London, Sydney and Toronto indicated that citizens prefer LED lighting, with 68% to 90% of respondents endorsing city-wide rollout of the technology. Amongst the benefits that were highlighted in these surveys were a greater sense of safety and improved visibility.LED lighting was found to be a durable technology with the need for minimal repairs; the failure rate of LED products over 6,000 hours is around 1%, compared, for example, to around 10% for conventional lighting over a similar time period.
The LED market is at a tipping point, with white light LEDs (used in outdoor lighting) at the early stage of the technology curve. Market penetration is accelerating as the market is expected to expand by 60% by 2020. A recent ILO report1 concluded that the green economy could yield up to 60 million jobs; The Climate Group, Philips and partners are calling governments to catalyze the scale-up of LEDs in cities and invest now in order to capitalize on this and create a significant amount of high-value jobs across the world.
The studies demonstrate that a total of five per cent of global electricity consumption could be saved every year through a transition to efficient lighting, resulting in annual worldwide savings of over US $110 billion.
The yearly savings in electricity of the phase out would be equivalent to closing over 250 large coal-fired power plants, resulting in avoided investment costs of approximately US $210 billion.
The LED market is at a tipping point, with white light LEDs (used in outdoor lighting) at the early stage of the technology curve. Market penetration is accelerating as the market is expected to expand by 60% by 2020. A recent ILO report1 concluded that the green economy could yield up to 60 million jobs; The Climate Group, Philips and partners are calling governments to catalyze the scale-up of LEDs in cities and invest now in order to capitalize on this and create a significant amount of high-value jobs across the world.
The studies demonstrate that a total of five per cent of global electricity consumption could be saved every year through a transition to efficient lighting, resulting in annual worldwide savings of over US $110 billion.
The yearly savings in electricity of the phase out would be equivalent to closing over 250 large coal-fired power plants, resulting in avoided investment costs of approximately US $210 billion.
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