The LED market will experience robust growth over the next five years, fueled by increasingly more powerful and energy-efficient offerings that will help municipalities, businesses and consumers, according to NextGen Research.
NextGen Research’s report “LED Lighting: Solid State Lighting Applications, Technologies, and Market Opportunities” forecasts the overall solid-state lighting (SSL) market will achieve worldwide revenues topping $33 billion by 2013.
The illumination segment of the LED market will light the way with a compound annual growth rate (CAGR) of nearly 22% in the 2009-2013 timeframe as cities worldwide shift their streetlights to these more energy-efficient and ecologically friendly solutions.
Learn more about this report here.
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