Our Winstar team is committed to helping businesses around the country get the most out of LED lighting. This requires that we stay ahead of the latest trends in LED lighting technology. This has been a tremendous year of growth and innovation in our space.
To start, LED lighting is expected to account for around a third of the over $80 billion lighting market in 2015. Europe will be the largest area of usage, followed by China and then the U.S. This booming market is seeing increased use of LEDs in outdoor, residential, and architectural settings. A growing number of LED products are easy to use with existing fixtures, leading to a boom with buyers.
In the commercial market, LED lighting has already gained a significant foothold. This sector is expected to reach over $26 billion this year, in part because the technology is becoming easier to buy, use, and maintain every day. At Winstar, we believe this rapid growth will greatly benefit consumers and businesses in the form of greater energy efficiency.
In addition, we are thrilled to see development in the ways LEDs are protected against electrical damage. These innovations will help make sure businesses get the most from their new LED systems. They will be safe in a way that has never been possible with other solutions.
At Winstar, we believe LED technology is quickly becoming the best bet for businesses and consumers alike to save money.