Global lighting market to reach $150 billion

Total global lighting market revenues predicted to grow to US$150 billion (£89.1 billion) a year by 2020, according to reports, writes

The majority of the increase will come from LED lighting, which will rise to £53.5 billion. LEDs are expected to make up 60 per cent of the lighting market by 2020.

Lighting costs will be reduced by 30 per cent a year up to 2020.

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