LED Light Bulbs - Saving Energy One watt at time

OSRAM Opto Semiconductors, a subsidiary of global lighting manufacturer OSRAM, has announced an official company focus on eco-friendly, energy efficient LED lighting.

According to OSRAM, “the current conditions are ideal for a paradigm shift to light emitting diodes (LEDs). Light emitting diodes have considerable potential for increases in brightness and efficiency, and can deliver even more potential energy savings than traditional light sources.” LEDs are the most energy-efficient light sources available, as they can currently be five times more efficient than incandescent lamps, and are expected to be ten times more efficient in the future. Because they are point light sources, LEDs’ directional light helps reduce light pollution, thereby eliminating scattered, wasted light. With artificial lighting accounting for approximately 19% of global electricity consumption (2.4% of primary energy consumption worldwide), replacing conventional light sources with efficient light sources such as LEDs could cut global electricity consumption for lighting in half, according to OSRAM.

Double-figure growth is forecast for the LED market. As the technical performance of LEDs increases and their manufacturing costs decrease, OSRAM contends that LEDs will come to dominate more and more applications for which they offer significant energy savings and reduced overall costs. These applications include consumer electronics, automobiles, public sector/street lighting and solar energy applications.

Osram is one of the heavy weights in the lighting industry, this give a big boost to the LED market.