Business
Innovest Global, Inc. Begins National Expansion Of Energy Division, Reports Mid-Quarter Revenue Of $388K - Spotlight Growth
Innovest Global, Inc. Begins National Expansion Of Energy Division, Reports Mid-Quarter Revenue Of $388K - Spotlight Growth.
About this update from Innovest Global Inc
[{"type":"text","content":"\n\n Sacramento, CA, Feb. 23, 2018 (GLOBE NEWSWIRE) -- A new report has been published on Innovest Global, Inc. (OTC Pink: IVST). Innovest Global, Inc. is a diversified holding company that focuses on acquiring niche, high-growth businesses that are capable of generating significant annual revenue. The company’s planned subsidiaries operate across biotech, telehealth, commercial energy, business-to-business distribution, national call center and auto sales. \n The report provides an overview of Innovest Global, Inc., its subsidiaries, financials, industry analysis and more. The content also covers the global outlook for the LED lighting and energy efficiency industries.   Global LED Lighting Market Forecast To Be Worth $92.40 Billion By 2022 Energy efficiency continues to be a growing trend within the global business community, as companies search for ways to cut costs and boost revenues. It is surprising to hear that there is still a massive amount of companies out there that continue to rely on decades-old, outdated, and inefficient energy solutions. Ultimately, running these inefficient systems leads to higher energy costs, as well as lower productivity.  According to MarketsAndMarkets, the global LED lighting market is estimated to be worth $92.40 billion by 2022, which represents a compound annual growth rate (CAGR) of 13.66%. The market research firm sees the growth being driven by increasing demand for energy efficiency products, LED costs are falling, and overall greater adoption of the technology as a general lighting source. In PwC’s “2017 Power and Utilities Trend” report, analysts concluded that a vast majority of the growth will come from a “blueprint for a service-based model.” This would include: emerging technologies, monitoring equipment, sensors, energy management technology, and more. Even the recent U.S. tax overhaul could help the LED lighting industry, as the new code incentivizes companies to expand their “business investments.” Under the old tax code, companies would have to utilize a depreciation model to know when tax credits could be realized. Now, companies can receive all of the tax credits from major purchases and upgrades in year one. This provides companies with a massive incentive to take on much-needed efficiency upgrades. ...