Today, there are many different lighting technologies available. Due to rising energy prices, government-mandated efficiency levels, and a variety of other factors, the lighting industry is moving towards more efficient technologies. At the forefront of this shift is LED technology, which offers incredible efficiency, more than a decade of life in 12 hours per day operation, appearance on par with incandescent products, and rapidly improving performance and pricing. Due to improvements in LED technology, many projections suggest that over the next decade, LEDs will grow to comprise more than 70 percent of the North American lighting market.
In the meantime, however, there are other energy efficient lighting technologies that deliver energy efficiency and great performance. Specifically, CFL, fluorescent and induction technologies all deliver many of the benefits of LEDs at a lower price point. See the chart below, which provides a snapshot of major technologies and their benefits/deficiencies.