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[[File:60 LED 3W Spot Light eq 25W.jpg|thumb|LED spotlight using 60 individual diodes for mains voltage power]]
[[File:Lampe LED G24.jpg|thumb|LED light bulb to replace G24 compact fluorescent lamp]]
[[File:Chip-On-Board COB LED Module.JPG|thumb|An 80W Chip-On-Board COB LED Module from an industrial light luminaire, thermally bonded to the heatsink]]
An '''LED lamp''' is a [[light-emitting diode]] (LED) product that is assembled into a ''lamp'' (or ''light bulb'') for use in lighting fixtures. LED lamps have a lifespan and [[electrical efficiency]] that is several times better than [[Incandescent light bulb|incandescent lamps]], and significantly better than most [[fluorescent lamps]], with some chips able to emit more than 100 lumens per watt. The LED lamp market is projected to grow by more than twelve-fold over the next decade, from $2 billion in the beginning of 2014 to $25 billion in 2023, a [[compound annual growth rate]] (CAGR) of 25%.<ref>Jacques, Carole (28 January 2014) [http://finance.yahoo.com/news/led-lighting-market-grow-over-123000345.html;_ylt=AwrBEiEyM_hSeA4AIC7QtDMD LED Lighting Market to Grow Over 12-Fold to $25 Billion in 2023], Lux Research</ref>
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