EnvironmentalLights.com, an online retailer for high-quality, energy-efficient LED lighting, has been named to the 2013 Inc. 500|5000 list of America’s fastest-growing private companies. Environmentallights.com ranked No. 3,102 nationally and No. 68 in the San Diego metro area.
“We attribute our Inc. placement to our successful partnerships with thousands of business customers who install our LED lighting systems every day,” says Greg Thorson, president of EnvironmentalLights.com. “Our customers depend on Environmental Lights for high-quality products and reliable technical advice so they can grow their own businesses and thrive.”
With a 107 percent three-year sales growth and a team expansion of 11 employees since 2009, EnvironmentalLights.com is poised to continue its growth in the LED lighting industry. The company has shown significant growth since starting their business in 2006 and now offers over 2,500 LED products on its website.
As one of the fastest growing industries in the world, LEDs are expected to account for a quarter of the global lighting market by 2016 as reported by NPD Display Search. The firm estimates LED applications will double this year, from 16 million units in 2012 to a forecast 33 million in 2013 and will nearly triple by 2016 to more than 90 million units. This increase is due in large part to continued growth in commercial applications, government incentive programs and consumer demand for energy-saving technology.
The 2013 Inc. 500|5000 is ranked according to percentage revenue growth when comparing 2009-12. To qualify, companies must have been founded and generating revenue by March 31, 2009. Additionally, they have to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of Dec. 31, 2012. The minimum revenue required for 2009 is $100,000; the minimum for 2012 is $2 million.
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