1. Global Energy Efficient Lighting Market to Hit $32.2 Billion by 2015

    environmentalleader.com (Sep 8 2010)

    1. Global Energy Efficient Lighting Market to Hit $32.2 Billion by 2015 From 2010 to 2015, the global energy efficient lighting market is projected to increase from $13.5 billion to $32.2 billion, according to the latest issue of EL Insights. This represents a compound annual growth rate (CAGR) of 19% during this time period. Today, 20% of the world’s electricity is used for lighting. Electricity consumption can be reduced to 4% with the full-scale adoption of LED (light-emitting diode) and could translate to a savings of 334 million barrels of oil per year in the United States. According to the U.S. Department of Energy, the adoption of LED lighting in the U.S. over the next 20 years would reduce electricity consumption by 25%, save an accumulated $120 billion in energy costs, and reduce greenhouse gas emissions by 246 metric tons of carbon. (Read Full Article)

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