The data presented here is an illustrative forecast representing a possible future outcome based on a proprietary model that Signify has developed to help customers and the public understand the impact that lighting can have on the environment. Signify’s “Green Switch calculation model” applies logic to input from numerous sources, references, and data points (available upon request) to generate a simulated view of a given market’s energy consumption, the accuracy of which cannot be verified. Specifically, the model develops assumptions regarding the number of light points in a given location, the percentage of those light points utilizing various existing technologies, the location of those light points (e.g., residential, commercial, hospitality, industrial), their working hours and overall energy consumption, and the cost of electricity. The model also develops assumptions regarding the electricity use of vehicles and appliances for comparative purposes. Based on these assumptions, Signify calculates the potential energy savings, cost savings, and emission reductions that could take place if all non-LED light points were converted to LED. Actual energy savings, cost savings, and emission reductions will vary depending on the actual values of the above factors and replacement product specifications. Thousand separator is a comma (,) – Decimal separator is a period (.).
The Green Switch calculation model allows us to estimate the potential energy saving possible by converting all the still conventional light points in a given location to connected LED. The model also helps us to translate energy savings into (i) monetary and (ii) carbon emissions savings data. In addition, it helps illustrate the various equivalents of these savings, such as annual emissions from cars, households, electric vehicles rechanging, etc.
The goal of the Green Switch calculation model is to advocate at Federal, National or Municipality level for lighting as a quick and easy way to help these jurisdictions accelerate the transition to net zero emissions using technology that is already available.
Please note that the model refers to the entire lighting sector and not to Signify market share only.
The model is based on several estimations, assumptions, factors, and publicly available data.
Signify makes estimations and assumptions based on our own assessment of the installed base and lighting segment applications, built upon documents, datasets and publications compiled by industry professionals, competitors, organizations, or analysts.
We make use of publicly available information from reliable and trustable sources including organizations, institutions, researchers, universities, NGOs, industry associations, or national statistic departments.
Formulas
Example of calculation
Here is an example of a calculation made using the formulas above. We have used fictional values here for illustrative purposes.