Solid-state Lighting Could Reach 40 Percent of U.S. Market by 2020
- October 01, 2013
- Carol Winkel
Charlie Grist, senior analyst, gave an update to the power committee on the advances in solid-state lighting. Improvements in cost and performance have spurred LED product development into new areas and innovative applications. Global forecasts expect the LED market share, currently about 3 percent in the U.S., to approach 40 percent by 2020