TodayEco.com

22 Oct '12, 2pm

Energy Efficient Lighting (EEL) sales in Europe will hit 2.5 billion units by 2020 forecasts new report

Energy Efficient Lighting (EEL) sales in Europe will hit 2.5 billion units by 2020 forecasts new report

ReportBuyer.com , the website for market research reports, has added a new study which forecasts that the energy-efficient lighting (EEL) industry is likely to sell 2.5 billion units by 2020 growing at a CAGR of 12.5% from 2012. Energy-efficient Lighting Market in Europe to 2020 says that the European lighting industry is currently in a stage of transition, as incandescent lamps and halogen lamps are due to be phased out and replaced by new technologies. The new 182 page report states that with government efforts to save energy and reduce Greenhouse Gas (GHG) emissions in Europe, the Energy-Efficient Lighting (EEL) industry is likely to achieve sales of 2.5 billion units by 2020, having grown at a Compound Annual Growth Rate (CAGR) of 12.5% from 2012. The EU governments plans to phase out incandescent lamps by September 2012, and the proposal to phase out halogen lamps by ...

Full article: http://www.renewableenergymagazine.com/article/energy-eff...

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