Report: LED sales to jump
Light-emitting diodes may be ready to reach the mass market, says a Wall Street Journal report.
According to a recent article in the Wall Street Journal , LEDs have a bright future.
In the past few years, light-emitting diodes have made huge advances in energy efficiency. Industry sources and outside experts say LEDs are now the most energy-efficient lighting source available. They use far less energy than other bulbs, last a lot longer, and cost less to use over their lifetime.
Strategies Unlimited, a market-research firm specializing in advanced electronics, forecasts that sales of LEDs, which accounted for a minuscule $330 million of the $15 billion lighting market in 2007, will grow 40% this year and reach $1.6 billion by 2012.