Burgeoning LED Technology Growth Poised to Explode

McKinsey projects total global lighting market revenues will grow to $150 billion a year by 2020. Within that forecast LED lighting will make up the majority of that increase rising to $90 billion annually by the same year or a CAGR of 30%. By 2020, LED’s will make up 60% of the lighting market. Another hugely positive effect: lighting costs will be reduced by 30% a year over the same period. Dramatically lower energy costs, less maintenance, better for the environment and more aesthetically pleasing.

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