LEDs, Not Solar, Have Transformed Their Industry
rocked its own industry: light-emitting diodes. Goldman Sachs recently released 60 charts that show the transformation that’s occurring in the low-carbon economy. The financial institution calls LEDs one of the fastest technology shifts in human history. While wind and solar are challenging the traditional electric generation sector, they have not upended it yet the way LEDs have overtaken the lighting industry. By 2020, LED will make up 69 percent of sales and close to 100 percent by 2025, up from nearly nothing in 2010.