Seeing the Future, 5 LED Forecasts for 2019

The LED industry is one of the most rapidly changing sectors in the world, with new technology changing the way we light—and pay to light—our spaces almost every day.

So what’s next for the LED industry? Following is a look at five important trends we see coming to the LED lighting space in 2019.

1: Taking Control
Lighting controllers are advancing at a rapid pace and likely to grow sales even more quickly than LEDs themselves in the next calendar year.

The control segment was valued at more than $3.4 billion in 2018, and the market is expected to increase steadily through 2025, according to recent reports. That means the LEDs used to light outdoor and indoor spaces will be even more efficient as consumers gain the ability to use them in precisely the manner they need. Modern controls offer the ability to adjust not only lighting brightness, but also color.

2: Getting Smart
In addition to seeing technological advances in controllers themselves, developers continue to find ways to make LEDs more compatible with smart phones and the internet of things. Networked lighting control systems, linked to all of the connected devices in a business or home, further enhance consumers’ abilities to optimize their lighting settings.

3: Convincing Consumers
Residential LED lighting has been at a tipping point for years, and multiple signs indicate LEDs will soon be overtaking incandescent lighting as the standard in U.S. homes.

Residential LEDs had grown to more than 40% of the market share by 2016, and the growth has continued in the last several years. Residential applications for LEDs comprise lighting for bathrooms, dining rooms, kitchens and hallways. And while many consumers considered LEDs too bright and expensive for their homes in the past, technology has made the bulbs more like the incandescents to which homeowners are accustomed.

4: Seeking Solar
Solar panel manufacturers continue to increase sales—with a slight dip reported due to last year’s tariffs on the devices—and that will mean big things in the years to come for 24/7 lighting operators.

Because of the high efficiency of LEDs, the lights can operate using far less solar power than legacy fixtures, making the traditionally unreliable solar source sufficient to keep lights going at all hours of the day.

5: Steady Growth
With all the changes coming to the LED market in 2019 and beyond, industry experts agree one thing is certain—LED use in general will continue to grow steadily in the near and long term.

According to Zion Market Research, the global LED lighting market sat at $26.1 billion in 2016 and is likely to cross $54.3 billion by the end of 2022, developing at a compound annual growth rate of almost 13% from 2017 to 2022.

Email to learn more about Arkon Power’s services and what’s to come in 2019.