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ForceField Energy, Inc. (FNRG) Primed to Capitalize on Rapidly Expanding LED Lighting Applications
ForceField Energy, a designer, seller, and distributor of energy products and solutions, has emerged as a leading participant in the global LED lighting market, which is expected to reach $25.8 billion in 2014, according to Digitimes Research. From city street lights to tennis court illumination, LED lighting applications are expanding into every industry. Even Ford Motors is jumping on the bandwagon, recently reporting that its 2015 Ford F-150 truck will feature LED headlights.
Growth in the LED market is driven by a variety of factors, including lower energy usage (10W compared to incandescent energy use of 60W, 42W with halogen, and 13W with fluorescent) and longer lifespan (40,000 hours compared to 2,000 with incandescent bulbs, 3,500 with halogen, and 8,000 with fluorescent), resulting in considerable energy cost savings. LED lights are also mercury-free and because of rigid support of internal parts are mechanically robust, making them resistant to vibration and impact, whereas most artificial light sources are highly fragile.
To capitalize on growing demand and market opportunity, the ForceField has developed a product portfolio that ranges from illumination LED lighting to LED video display systems and architectural LED lighting, as well as products for consumer use. ForceField’s portfolio is further enhanced by a series of design and utility patents, as well as various certifications and qualifications.
Production of the ForceField Energy’s products is conducted by Shanghai Lightsky Optoelectronics Technology Co. located in Shanghai. The factory supply chain consists of production line, aging line, testing line, packaging, and shipment. ForceField Energy also has a fully functioning factory where customers can come research all product lines and view the full-production process.
Industry experts forecast that within the next 5-10 years, incandescent and fluorescent fixtures around the world will be phased out and replaced by LED technology. Narrowing it down to domestic opportunity, the U.S. Department of Energy estimates that there are currently more than 2.5 billion fixtures in commercial and industrial properties in the United States alone, resulting in replacement costs of more than $1 trillion.
ForceField Energy has secured an incredible spot in the LED lighting industry at a time when more and more applications are on the horizon. If it continues to keep its pace, the company has the potential to be a household name and greatly capitalize on the latest in LED lighting use.
For more information, visit www.forcefieldenergy.com
