TheFeasibilityofLEDLightingforCommercialUse.pdf

Project Number: HGV-2010-22090 The Feasibility of LED Lighting for Commercial Use A Major Qualifying Project Report: Submitted to the Faculty of the Worcester Polytechnic Institute In partial fulfillment of the requirements for the Degree of Bachelor of Science in Management Engineering by Michael S. Horgan Daniel J. Dwan st Date: April 1 , 2014 Approved: Professor Helen G. Vassallo, Major Advisor Table of Contents Table of Figures 2 List of Tables 3 Abstract 4 Executive Summary4 1.0 Introduction and Problem Statement 5 2.0 Materials and Methods 6 2.1 Literature Review 6 2.2 Market Analysis 6 2.3 Cost/Benefit Analysis 6 2.4 Behavioral Analysis 7 3.0 Results 7 3.1 Market Analysis 7 3.1.1 Market Size and Segmentation 7 3.1.2 Competition 9 3.1.3 Growth and Recent Market Trends 9 3.1.4 SWOT Analysis 11 3.2 Cost Benefit Analysis - LED vs. Incandescent, CFL, Linear Fluorescent 12 3.2.1 Incandescent Light Bulbs 12 3.2.2 Compact Fluorescent Bulbs 14 3.2.3 LED Light Bulbs 15 3.2.4 Linear Tube Lighting – Fluorescent vs. LED 15 3.3 Cost-Benefit Analysis – Phi Gamma Delta Fraternity House 16 3.4 Survey Results 17 4.0 Discussion 20 4.1 Literature Review 20 4.1.1 Brief History of Lighting 20 4.1.2