It’s no surprise that LED lighting is on the rise globally. Various countries, including the U.S., have banned the use of incandescent light bulbs, which has helped the sale of LED lighting to grow by 17 percent annually since 2011.
This year, the global LED market is expected to reach $15 billion, including replacement and non-replacement light sources. Three major areas for LED lighting growth include industrial applications, buildings, and retail stores.
Read what the chairman for Everlight Electronics had to say about what’s ahead for LED.