Prepare for LED domination

The LED lighting industry is set to dominate the global market more than a century after its discovery. Its market share may hit 45 per cent in 2016, up from just 9 per cent in 2011 – and it's easy to see why.

The LED lighting industry is set to dominate the global market more than a century after its discovery, benefitting from a widespread ban of conventional incandescent bulbs and as the market share of competing green replacements fade.

Light emitting diodes (LEDs) have a vital edge in that they have superior energy efficiency and longer lifespans compared with rivals, while a global glut in LED chips means they are becoming more competitive.

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