Induction lighting has been around for a while, but it seems that many do not know what it is or how it works. It’s basically a fluorescent lamp that uses an electromagnetic field to generate light instead of a tungsten metal cathode. The clear advantage here is the longevity of the lamp (in this case it’s called a vessel). Some systems are rated for 100,000 hours. This is obscene when compared to a linear fluorescent T8 system. Even with a premium lamp and programmed start ballast, they have a rated life of 46,000 hours or less than half the life of an induction system.

When choosing a lighting system or technology, It really comes down to what fits the best for your needs or budget contraints. Induction lighting is less expensive than a comparable LED system, but more expensive than a linear T8 flourecent system.

Here is a wiki that goes in to a little more detail about induction lighting:

“In contrast with typical electrical lamps that use electrical connections through the lamp envelope to transfer power to the lamp, in electrodeless lamps the power needed to generate light is transferred from the outside of the lamp envelope by means of (electro)magnetic fields. There are three advantages of eliminating electrodes:

Extended lamp life, because the electrodes are usually the limiting factor in lamp life.
The ability to use high efficiency light-generating substances that would react with metal electrodes in normal lamps.
Improved collection efficiency because the source can be made very small without shortening life – a problem in electroded lamps

– Induction Lighting Continued