NEW YORK, Jan. 29, 2015 /PRNewswire/ -- Analyst report issued by Small Cap IR. The LED industry is rapidly growing and has the potential to essentially replace the incandescent light bulb market. According to the January 2015 edition of "LED Lighting: Market Shares, Strategies, and Forecasts, Worldwide, 2015 to 2020" by Research and Markets, the market for LED lighting is expected to reach $63.1 billion by the year 2020. Industry growth is being driven by measures that governments worldwide are taking in order to phase out incandescent light bulbs, and replacing them with more energy-efficient lighting alternatives. Government actions have included regulations to effectively ban the manufacture, importation, or sale of current incandescent light bulbs for general lighting, and only allowing sale of future versions of incandescent bulbs if they are sufficiently energy efficient.
ForceField Energy, Inc. (NASDAQ: FNRG) is a global company focused on sustainable energy solutions and improved energy efficiency. The company operates through two business segments: LED ("Light Emitting Diode") lighting and Organic Rankine Cycle ("ORC") technology, or waste heat. Through its two subsidiaries, American Lighting and ESCO Energy Services, the company has completed lighting installations and retrofitted lighting systems and energy efficiency upgrades for companies across a variety of industries. The company licenses modular heat recovery systems that convert waste heat into clean energy. The company has acquired a 50.3% share of TransPacific Energy ("TPE") and has a distribution agreement to provide TPE's modular ORC units to industrial customers. The TPE solution uses a proprietary blend of refrigerants to capture heat energy from heat sources such as biomass processes, geothermal sources, and industrial flue gases, to convert heat into electrical energy.
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