In some countries it’s now difficult to buy incandescent light bulbs and that’s set to boost the growth of LED lighting, according to a market research company.
LED Inside said that the moves will stimulate growth of LED light bulbs of 10 Watts and below, with opportunities for manufacturers committed to this way of light.
The market research said a 7W LED bulb cost between $15-$20 this time last year, with the LED component accounting for 60 percent of the cost of the bulb.
But LED manufacturing has ramped up, and a 7W LED bulb now costs around $10 with the LED component accounting for only 40 percent of the cost of the unit.
LED Inside believes that most countries will set 2012 as a deadling for banning incandescent light bulbs and that’s when the LED lighting market will start to take off. Plus, some governments will subsidise their use – the Japanese government is to give subsidies to businesses adopting energy efficient LED lamps.
The European Union has already prohibited incandescent light bulbs, as well as Australia and Switzerland. Argentina, Italy, Russia plan to phase them out by 2011, Canada by 2012 and the USA between 2012 and 2014.