Cheaper eco lights are leading to the death of the incandescent lightbulb
Implications - The price of low voltage lighting has come down dramatically, leading to the rapid death of the incandescent lightbulb. Although eco lights aren't cheaper to buy, they're cheaper to run. People can comfortably think of longer term benefits as reduced prices mean LED and other eco lighting options are now within price reach.
Trend Themes
1. Rise of Eco-lighting Options - The price reduction of eco lighting options leads to declining sales for incandescent bulbs, opening market opportunities for LED and other affordable eco lighting alternatives.
2. Growth of Solar-powered Products - Increasing use of solar power in products ranging from security lights to traffic controllers and outdoor lighting solutions leads to opportunities in this market.
3. Innovative Use of Discarded Materials - Repurposing waste as the energy source for lighting applications sparks a wave of interest, as seen in products like the Gaon Street Light and the Solar Street Light Kit.
Industry Implications
1. Lighting Solutions - Companies that invest in eco-friendly, affordable, and cutting-edge lighting solutions will capture environmentally-aware consumers and establish themselves as market leaders.
2. Solar Energy - With the growing popularity of solar-powered products, companies developing cost-effective and practical solutions to harness the power of the sun will thrive.
3. Sustainable Design - Incorporating waste products and recycled materials in innovative ways to create eco-friendly designs will be appealing to customers who value both the environment and style.
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Date Range:
Nov 09 — Dec 09
Trending:
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