Electronics manufacturer LG Electronics has announced that it plans to start a global roll-out of LED and plasma lighting systems as a new green business initiative.
The company’s LED and plasma lighting systems have received certification in Europe, China, Japan and Korea as energy efficient, safe and eco-friendly products.
“Green energy, carbon and environmental protection concepts have been widely accepted throughout the world and there is enormous opportunity for companies,” says LG Electronics’ vice president of lighting Yonghwan Kim. “With expertise in energy efficient technologies, the potential for LG to make a significant environmental contribution is enormous.”
The company says it predicts the global solid-state lighting market to continue growing at over 30%, overtaking conventional lighting in 2015 with a market size of $1.5 billion.
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30 December 2010