$GBEN
Global Resource Energy -- Positioned to Benefit From Growth in the Worldwide "LED Market" With Its Clean Energy High Efficiency LED Street Lighting
Global Resource Energy, Inc.'s President Robert Baker states, "The Company has strategically positioned itself to capitalize in growth and profitability by obtaining a market share from the current growth in the global trend of converting to LED lighting."
In McKinsey & Company's report, projections show that the global lighting market is expected to have revenues of approximately EUR 110 billion or USD 138 billion in 2020 -- comparable to the global TV market. A number of megatrends underlie this expansion. Global population growth and urbanization are increasing the overall demand for lighting products. Resource scarcity and climate change concerns are driving the industry trend towards more energy-efficient lighting technologies. This is being accelerated by government regulation on energy efficiency around the globe.
The advent of LED technology -- only the fourth lighting technology in the history of human mankind -- is set to transform this industry. LED technology has not achieved a competitive cost position in most applications up to now. But heavy investment from various companies is forecasted to cut costs at a rate of 30 percent per annum, and LED is becoming a broadly affordable technology.
Figures suggest that estimated global revenues from the LED lighting market will grow at 30% per annum, amounting to almost EUR 65 billion by 2020 -- close to 60 percent of the overall lighting market.
Global Resource Energy Inc is a Clean Energy Solutions Company that seeks to deliver Clean Renewable Energy around the world, with an initial focus on North America. Our principal focus is to acquire evolving renewable technologies and to deliver reliable, clean energy that is harvested from local sustainable natural resources like Wind, Sun, Water and Earth.
Global Resource Energy is a clean energy company that will provide services and solutions to businesses, communities and individuals so we can all enjoy a cleaner environment today and for tomorrow.
Global Resource Energy -- Positioned to Benefit From Growth in the Worldwide "LED Market" With Its Clean Energy High Efficiency LED Street Lighting
Global Resource Energy, Inc.'s President Robert Baker states, "The Company has strategically positioned itself to capitalize in growth and profitability by obtaining a market share from the current growth in the global trend of converting to LED lighting."
In McKinsey & Company's report, projections show that the global lighting market is expected to have revenues of approximately EUR 110 billion or USD 138 billion in 2020 -- comparable to the global TV market. A number of megatrends underlie this expansion. Global population growth and urbanization are increasing the overall demand for lighting products. Resource scarcity and climate change concerns are driving the industry trend towards more energy-efficient lighting technologies. This is being accelerated by government regulation on energy efficiency around the globe.
The advent of LED technology -- only the fourth lighting technology in the history of human mankind -- is set to transform this industry. LED technology has not achieved a competitive cost position in most applications up to now. But heavy investment from various companies is forecasted to cut costs at a rate of 30 percent per annum, and LED is becoming a broadly affordable technology.
Figures suggest that estimated global revenues from the LED lighting market will grow at 30% per annum, amounting to almost EUR 65 billion by 2020 -- close to 60 percent of the overall lighting market.
Global Resource Energy Inc is a Clean Energy Solutions Company that seeks to deliver Clean Renewable Energy around the world, with an initial focus on North America. Our principal focus is to acquire evolving renewable technologies and to deliver reliable, clean energy that is harvested from local sustainable natural resources like Wind, Sun, Water and Earth.
Global Resource Energy is a clean energy company that will provide services and solutions to businesses, communities and individuals so we can all enjoy a cleaner environment today and for tomorrow.
