Have you ever wondered how many light bulbs in your city are LED versus incandescent or halogen? As of Q2 2024, the global lighting market has reached a historic inflection point. Recent data from the International Energy Agency reveals that LED adoption now accounts for 58-63% of all installed lighting systems worldwide, with traditional technologies clinging to 22-27% market share. But why does this 3:1 ratio mask critical regional disparities, and what forces drive this transformation?
When energy costs consume 30% of operational budgets, executives inevitably ask: Is there a lighting retrofit plan for further savings? The global building sector accounts for 36% of final energy use, with lighting representing 15-25% of that consumption. But here's the rub - 68% of commercial buildings still use outdated fluorescent systems. What's holding back the transition?
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