LED lighting could become the most popular way of illuminating homes and businesses in just a few years' time as more people recognise the benefits it offers.
Speaking to the New York Times, Home Depot merchant Brad Paulsen said he is seeing a huge amount of growth in the LED category at present.
"We absolutely expect LED technology in four or five years to be the most popular lighting technology that's out there," he added.
Compared to traditional incandescent bulbs, their LED counterparts last significantly longer and use less electricity, something that is likely to appeal to homeowners needing to replace their ceiling lights as utility bills continue to go up.
However, they also offer other possibilities - for example, companies are coming up with ways of putting chips into bulbs so their brightness and colour can be remotely controlled using mobile phones and computers.
LEDs could also be put to good use in the future to treat people for Seasonal Affective Disorder by offering a specially created 'light recipe' depending on the person's needs.
According to Goldman Sachs, penetration of LEDs in the residential sector will rise from three per cent in 2012 to 16 per cent in 2015, while electronics research firm IMS believes LEDs will outsell incandescents in the A-type bulbs category in North America by 2016.
Jim Crowcroft from energy efficient lighting company TCP in the US agreed with Mr Paulsen in terms of LEDs starting to take over soon.
"In the long run, solid-state lighting is going to make a whole lot of sense for almost every lighting application," he commented.
One thing that could speed up adoption of this kind of technology is the price coming down, as the bulbs are relatively expensive at present even though they last longer.
Vice chairman of the EFY Group Ramesh Chopra recently said that with more applications of this energy-saving light source being developed in the near future, prices will continue to go down.
