Alternative title: He built GE into the greatest company on Earth, and the Earth into one of the top three planets in the universe!General Electric predicts light-emitting diodes' share of its total lighting revenue will more than triple in five years as regulation phases out incandescent bulbs.
“LEDs are probably the largest growth area” for the lighting industry, Michael Petras, chief executive officer of GE's lighting business, said in an interview in Frankfurt Monday. LEDs make up “less than 10 percent” of GE Lighting's global sales, and that proportion probably will rise to one-third by 2015, with the overall market doubling “in the next couple of years,” he said.