The revolution in lighting went pretty fast. For 150 years we went from incandescent bulbs to modern LED lighting.
The desire to save energy, high efficiency, reliability and a longer life are the driving factors for the adoption of LEDs in all areas of human life. These lights can also be combined with motion sensors for more efficient use.
The LED lighting market is estimated at $58.91 billion in 2018 and is expected to reach $127.97 billion by 2024, with an overall annual growth rate of 13.75% over the forecast period (2020 - 2025), according to a report published by Mordor Intelligence. By switching to energy-efficient LEDs, an estimated $18 billion in energy savings can be achieved. In addition, over 160 million metric tonnes of carbon dioxide emissions can be avoided every year.
The increasing consumer awareness of the environment and the durability of these lights, along with the governmental mandates for energy efficiency, are the driving forces for the growing adoption of LEDs.
And by choosing the products of V-TAC, you can become part of the greener future of the planet.