Lighting Industry

The OLED market is predicted to hit $1.3 billion by 2023, according to research from IDTechEx. This will equate to 1.3 per cent of the market size of LED lighting at that time

German architectural luminaire maker Hess has begun insolvency proceedings in the German courts. The outdoor lighting specialist has also applied to leave the Frankfurt stock market after a humiliating fall from grace in which company profits were allegedly overstated to ensure a successful flotation last October.