LIGHTING UP ASIA EFFICIENTLY
Energy Efficient Lighting in Asia Pacific; LED Solid State Lighting and Other High Efficiency Lighting Technologies for Commercial, Industrial, and Outdoor Stationary Applications
4Q 2011 (Pike Research)
"Lighting is a major driver of electricity consumption within commercial buildings, industrial and government facilities, traffic signals, and signs. However, light-emitting diode (LED) products have come to be regarded as energy-efficient, advanced, and long-lasting alternatives for commercial and industrial lighting applications in the Asia Pacific region. Energy-efficient products are still an expensive means of lighting for Asia Pacific customers; yet, the higher costs are justified by the higher efficacy and performance compared to traditional lighting options."
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"Along with price competition among LED lighting suppliers, the market perception has dramatically changed, and LED is now viewed as an affordable and efficient technology with long-term benefits. And in most Asia Pacific markets, governments are committing large amounts of funding to basic infrastructure, creating an abundance of business opportunities."