Phoenix, AZ – (UPTICK Newswire – Oct. 20, 2015) – In January of 2015 Winter Green Research published their LED Lighting Study taking into account market shares, strategy and forecasts worldwide, 2014 to 2020, “LED Lighting: Market Shares, Strategies, and Forecasts, Worldwide, 2014 to 2020”. They profiled market leaders such as Philips, GE Lighting Solutions and Toshiba to name three along with market participants such as Siemens among others. In June 2015, Reseachmoz.com gave an overview of the Winter Green report, outlining the “report states that the global lighting market will achieve tremendous growth, from US$4.8 billion in 2012 to US$42 billion by 2019, registering growth at a CAGR of 45% over the period.”
Reaching $42 billion in such a short time is a huge margin, which leads to a company by the name of Lighting Science Group, trading on the OTC Pink under LSCG. They announced today that they unveiled their new LSPro™ series of commercial LED solutions. LSCG indicated that the LSPro™ was created “with the commercial market in mind, these new lamps feature higher attributes than general industry standards, such as color-rendering indexes (CRI) of 90+, better lumen output and Energy Star ratings.” Targeting the commercial market with its expected growth makes LSCG a very attractive company for the long term.
In addition, Energy.gov has issued a LED Lighting Forecast analysis for the period of 2013 to 2030, noting the “positive development in terms of energy consumption, as LEDs use significantly less electricity per lumen produced than many traditional lighting technologies.” The analysis indicates that LED Lighting is projected to achieve a market share of 84% of lumen-hour sales, which reduces energy consumption in the year of 2030 by 40%!
Considering such projections for a growing global market, LSCG is well positioned to take full advantage of the coming growth in the commercial LED Lighting market.
Read the full LSCG release here: http://finance.yahoo.com/news/lighting-science-group-announces-launch-172300239.html
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