The result of the 2016 United States Presidential election has people in the environmental realm nervous, asking if the outcome will slow the growth of green technologies or reverse the advancements made in the last decade. For companies and manufacturers working in the LED lighting space, concerns especially surround the future of green lighting and LED lighting management systems. Businessmen and consumers alike wonder whether the new right-leaning leader of America will negatively impact the growth of the eco-friendly, LED-focused space.
The answer, of course is that he will not. The headlines may be grabbing the readers’ attentions, discussing potential new policies and how President-elect Trump and his colleagues do not necessarily believe in global warming or put necessary importance on other environmental issues. The more we hear about these controversial topics, the more frustrated and nervous we get. Contrary to what the media and other outlets might have us believe, though,the forecast growth of the LED lighting market and green lighting options in general looks very bright.
LED lighting is growing, as always, and will continue to grow regardless of the status of American politics. More and more consumers are making the switch to cost- and environmentally-friendly LED lighting management systems over traditional systems, cutting costs and improving ambiance in both indoor and outdoor lighting applications. Entertainment is booming, and LED lighting plays a huge factor in the overall effects on the stage. LED chip prices continue to decrease as more and more manufacturers produce them and patents on the technology expire. SMART building management systems and the rise of the Internet of Things (IoT) keep LED lighting and LED systems at the forefront. As we become more connected as a society, increasingly connected lighting systems will continue to get more attention and have even more applications.
Though the U.S. election caused an uproar, the honest answer is that it will have very little impact on the growth of the LED market. In fact, President-elect Trump has huge business and economic plans that will help LED lighting growth explode in the next few years, including a U.S. infrastructure plan. The 2020 Olympics in Tokyo will require new buildings heavily outfitted with LED lighting and SMART LED lighting connectivity to create all of the special effects necessary for a show-stopping Games.
We need to look past the craziness surrounding the election, especially since it was largely incited by the media looking for viral stories and boosts in ratings. The future of LED lighting is going to be just fine, and GRE Alpha can’t wait to be at the forefront of all future innovations and applications.
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Filed in: Industry