The LED lighting market will grow by 45 per cent per year until 2019 and go from a value of $4.8bn in 2012 to $42bn in 2019, according to a new report, writes lighting.co.uk.

US-based WinterGreen Research cited cheaper products, increased consumer interest and the quality of product as growth drivers.

The prediction was made following analysis of LED lighting shipments. Distributors, vendors, users and analysts were also interviewed.

Read more on this story at lighting.co.uk