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.
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Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey