Commercial and industrial LED lighting is a major business opportunity as well, with a market size of $12.5B in 2011 and projected growth of 40% per year through 20162,3. In the US alone, LED lighting has the potential to reduce US annual energy costs by $53 billion if it can reduce lighting energy usage by 40% 4. Given the huge market opportunity, how can LED manufacturers profitably serve it?
Today’s global lighting industry is responsible for approximately 19% of electricity use and 6% of greenhouse gas emissions. In this context, LED technology has the potential to be a game changer for the industry, with well-publicized environmental and technological advantages compared to conventional lighting (e.g., 50-70% lower energy consumption, no mercury content, and significantly longer life spans).
Add: Hutai Road Huwang Road
Baoshan, Shanghai, China
E-mail:info@wingsligting.com
www.wingslighting.com
