Potential of LED Light In Near Future Light Emitting Diode known as LED light has been in existence for a long time, mostly in niche purposes like small trinkets and indicator lighting. However, due to LED light being highly energy efficient, not to mention technologically superior over other light sources like incandescent and fluorescent lighting, it is predicted to reach beyond electronic applications into commercial and home lighting as well. In a recent report by Global Industry Analysts it is projected that the market for fluorescent and LED light could go up to $97 billion by 2010. The increase in growth would be primarily from construction and industrial development companies. As more individuals become aware of the energy effici- ency of LEDs, the price of such items as LED bulbs will decline in price. Currently, the price of one LED bulb is substantially higher than the price of incandescent or fluorescent lights. However, the initial price for the ligh- ts would more than pay for itself in the end. On avera- ge, one incandescent 60-watt bulb can last 1,000 hours whereas one 2-watt LED light bulb lasts 60,000 hours. Therefore, one would have to purchase 60 incandesc- ent bulbs for each LED light bulb. Home LED light is a cut above the rest when it comes to energy efficiency. As compared to incandescent lighti- ng, LEDs wins hands down where energy consumption is involved. For every 60,000 hours of service, incandescent lighting uses around 3,600 kWh of electricity where LED lights need 120 kWh. Bottom line: energy efficiency equals a significant cost savings. LEDs gives off directional light. Therefore, it is useful as a source of light for reading or spotlighting in the home. Its powerful light productivity also makes it wonderful for outdoor floodlighting and path illumination. These bulbs are now obtainable that can replace most halogen or fluorescent light bulbs used in the home. Yet LED light may not be useful for all home lighting needs, changing a few bulbs would have an obvious affect in the amount of energy used. LEDs are already used in signs and videos in many indoor and outdoor sports events and parties. LED video displays and signs are often preferred because of their higher brightness, which is crucial when people are viewing a sign or video from a long distance. Other benefits of these video displays are their ability to incorporate curves and 3-D designs. This makes LED displays technologically superior to currently available large screen displays. Research and manufacturers in the consumer electronics field are eager to take advantage of this extremely useful technology in future products. Other uses for LED light include flashlights and key chains, automobile taillights and interior lights, and LED-based projection televisions. LED light is also being used in the military for LED flashlights that is used in night-vision goggles, UV-LED canteen water treatment devices and the sterilization of surgical equipment. With LED light being more energy saving and technologically superior to many other light sources, numerous applications are sure to grow. Future generations can expect to consider LED light as the standard light source for most lighting applications.
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