The average lightbulb lasts for two thousand hours before going *pop*. In ten years yours lightbulbs will last fifty thousand hours [article]. How is this possible: LED Lightbulbs. This next generation of lighting, distinguished by their use exciting electrons to create light with maximize efficiency, are poised to replace the incandescent lightbulbs which have remained mechanically the same since the days of Edison. They are set to change the world; over the next ten years the LED lightbulbs are projected to take over sixty percent of the world’s markets [article]. The future will be a little bit brighter.
LED lightbulbs are vastly superior to antique incandescent lightbulbs. They have no filaments which can burn out, nor do they have toxic mercury. In addition, LED lightbulbs produce almost heat. This is a drastic improvement over current lightbulbs which are often too how to touch [article]. LED’s currently are not quite as bright as traditional bulbs; however innovators are pushing the envelope to close the gap and surpass incandescent lightbulbs. Finally, the pricing difference is extraordinary.
One the surface, incandescent lightbulbs seem cheaper. One traditional lightbulbs costs a mere $1.25 while LED’s are projected to cost $30 dollars. With a deeper look we see that LED’s are twenty-five times more effective than incandescent lightbulbs. With every LED lightbulbs you will save a $1.25, twenty-five lightbulb exchanges, and preventing incalculable amounts of damage to the environment from the toxic chemicals of the traditional lightbulbs. This decision is a no-brainer.
General Electric began with building incandescent lightbulbs; today, they are once again preparing to revolutionize the world of lighting. Alongside Sylvania [lightbulbs] and Phillips [lightbulbs] these three American companies are preparing for the next generation of LED lighting. These three companies will not only save consumers billions on lighting they will also secure a cutting edge market for the United States.
Chicago is ground zero for these three companies blooming LED bulb markets. A recent think tank report claimed that the cities trifecta of engineering colleges, government support, and concentration of lightbulb manufactures has position this city to oversee an explosion of new lighting across the world [report]. This is one market for that the American economy has in the bag for the economic future.