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  2. Dec 18, 2023 · Light-emitting diodes (LEDs) are gradually taking over the global lighting market. While in 2019, almost half of all light sources in the world were LEDs, it is projected that by 2030, some...

  3. Sep 9, 2021 · Almost 31% of lighting energy consumption comes from fluorescent lighting systems in the Linear Fixture submarkets. An estimated 5.9 billion commercial buildings in the United States are currently in use. Across the world, LED lighting accounted for nearly $51 billion USD in 2020.

  4. Oct 4, 2021 · According to our long-term energy projections in the Annual Energy Outlook 2021 (AEO2021), we expect LED lighting to continue growing and to provide up to 95% of commercial lighting needs by 2050.

  5. Statistics for the 2023 & 2024 US LED Lighting market trends, created by Mordor Intelligence™ Industry Reports. US LED Lighting trend report includes a market forecast to 2030 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

  6. Residential LEDs -- especially ENERGY STAR rated products -- use at least 75% less energy, and last up to 25 times longer, than incandescent lighting. Widespread use of LED lighting has a large potential impact on energy savings in the United States.

  7. Aug 6, 2021 · According to the US Department of Energy’s report published in July 2021, many LED manufacturers cited a decreased demand for lighting products due to the challenges faced after the COVID-19...

  8. Oct 4, 2021 · Residential LED lights use at least 75% less energy than incandescent lights, and they last up to 25 times longer, according to the U.S. Department of Energy, which anticipates that by 2035...

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