LED lighting to create a $ 310 billion energy market

The new data show that, LED lighting, cleaning car engine and smart refrigerator in a substantial increase in the world, helping to create a scale of at least an annual $ 310 billion energy market.

LED lighting to create a $ 310 billion energy market

According to a report International Energy Agency, more environmentally friendly products are beginning to have a huge impact on many of the country’s energy consumption. In the 18 countries surveyed in the report (including the United States, Japan, South Korea and the United Kingdom), and from 2001 to 2011, final energy consumption reduction of 5 percent, mostly due to investments in energy efficiency. But the greatest impact on energy efficiency area is home field, from 2001 onwards, making energy efficiency a 5% decline in home energy consumption.

Scientists in Japan and the United States this week because of the invention of LED technology jointly awarded the Nobel Prize in Physics in 2014, this technology allows LED lights all over the world.

Another promote energy efficiency factor is fuel economy standards, which cover 70 percent of the world’s light passenger car market. International Energy Agency said that the wider application of these standards is expected to make suitable investment vehicles to achieve this standard in each of at least $ 80 billion over the next five years, fuel costs will save 40 billion to 190 billion U.S. dollars.

International Energy Agency in charge of energy efficiency and environmental sectors, the report co-author Philippe Benoit said that although the total amount of investment in energy efficiency is now at least $ 310 billion a year, but need to invest more carbon dioxide emissions to climate change, scientists believe that the danger can be avoided levels.