https://www.stellarmr.com/report/LED-Lighting-Market/2236 LED is a highly energy-efficient lighting technology and has the potential to fundamentally change the future of lighting in the United States.  Residential LEDs especially ENERGY STAR-rated products use at least 75% less energy, and last up to 25 times longer, than incandescent lighting. The high efficiency and directional nature of LEDs make them ideal for many industrial uses. LEDs are increasingly common in street lights, parking garage lighting, walkway and other outdoor area lighting, refrigerated case lighting, modular lighting, and task lighting. Widespread use of LED lighting has a large potential impact on energy savings in the United States. By 2035, the majority of lighting installations are anticipated to use LED technology, and energy savings from LED lighting could top 569 TWh annually by 2035, equal to the annual energy output of more than 92 1,000 MW power plants.

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