The amount of retail floorspace covered by LED lighting is set to at least double by 2020, according to a major new survey.
The report by the BRC, the British Council of Shopping Centres and the Lighting Industry Association claimed retailers aimed to have at least 80% of total retail floorspace covered by LED within the next five years - a big increase from the current estimated 40%-50%.
It found the huge cost of lighting was encouraging retailers to make the switch to cheaper LED technology, with annual spend on lighting hitting £1.2bn, or 43% of total energy costs.
As well as reduced costs, the survey also found LED lighting increased sales, improved display of products, especially food, extended shelf life and enhanced store environment.
Andrew Bolitho, property, energy and transport policy adviser at the BRC, said the large numbers turning to LED was a “major victory” for The Grocer’s Switch the Light’s campaign. “It’s been a great success and it’s really important to get the message out there to smaller retailers that as well as the massive saving to be had from LED, there are major benefits for staff and sales.
“The results of the survey have been a real eye-opener and show just how big this shift is going to be.
“We are talking only a few years before the entire retail floor space will be LED.”