Mississauga, ON -- (SBWIRE) -- 02/03/2016 -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com/) announces its latest article titled "Lighting Science Announces Issuance of 35 New Patents in 2015."
Companies mentioned in this article include Lighting Science Group Corp. (OTCPK:LSCG).
According to a report by Allied Market Research, the global light emitting diodes or LED market is expected to reach $42.7 billion by 2020. North America will see the fastest growth among all the regions. The LED market is expected to grow at a CAGR of 15.3% between 2014 and 2020.
Allied Market Research notes in its report that the entrance of LED in applications such as general lightings is a strong thrust to the lightings market. Further, the report notes that LED is expected to surpass the conventional CFL and CCFL lighting market due to its advanced features.
Allied Market Research also adds in its report that over the years, consumers are expected to gain awareness regarding the benefits of LED lamps' longer lifespan. This would eventually lead to a widespread adoption of LED lamps, the research firm notes.
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