Alexberger and atmasphere,
I also agree that low efficiency means more power is needed and this results in thermal compression (as the wire in the voice coil heats up, resistance rises). That is why high efficiency speakers typically sound more dynamic and lively.
The reason the industry moved away from high efficiency has a lot to do with the large size of typical high efficiency speakers. That size became an even "bigger" issue with the advent of stereo and the need for two speakers. Smaller speakers became a commercial necessity for stereo.
I also agree that low efficiency means more power is needed and this results in thermal compression (as the wire in the voice coil heats up, resistance rises). That is why high efficiency speakers typically sound more dynamic and lively.
The reason the industry moved away from high efficiency has a lot to do with the large size of typical high efficiency speakers. That size became an even "bigger" issue with the advent of stereo and the need for two speakers. Smaller speakers became a commercial necessity for stereo.