A new market research estimated the Global LED Lighting Market value to reach more than 120 billion USD by 2025. The report includes all aspects, from Product Type (LED Bulbs, Fixtures, Down light, Bare LED Tubes and Others), Services (Consulting, Installation Services, Maintenance & Support), Application Type (Indoor, Outdoor, Automotive, Backlighting and Others), Geography (Asia-Pacific, Europe, North America, South America, and Middle East) and the End-use Industry (Residential, Commercial and Industrial). Moreover, the Coherent Market Insights highlighted in its published report show a 16.61% CAGR (Compound Annual Growth Rate) is anticipated. This will occur between 2018-2025, pertaining to the years covered in the global forecast. Continue reading
LED Lighting in California Helps Save Billions!
In January 2015, Gov. Jerry Brown set new targets to increase the use of renewable energy, decrease the use of petroleum, and increase energy efficiency in California. Analysts estimate these new initiatives will save the state an amazing $51 billion every year. Continue reading
Municipal LED Street Lighting Comes to Berkeley, California
The city of Berkeley is the latest in California to add LED street lighting in its neighborhoods. Supported by the California Lighting and Technology Center at the University of California, Davis and the Bay Area Climate Collaborative’s Next Generation Streetlight Initiative, the city will finish replacing about 8,000 traditional street lights with decorative LED street lighting by the end of 2014. Continue reading
CalTrans LED Lighting Projects Heating Up in California
The California Department of Transportation (CalTrans) has recently implemented a new plan to replace 40,000 incandescent street lights with LED bulbs over the next two years. The new CalTrans approved traffic signal poles have gradually gone up all over the state, providing cities and their residents with brighter, more energy efficient, and longer-lasting street lighting. Continue reading