Led Lighting Industry Market Research Report

The global led lighting market size is expected to reach usd 127 04 billion by 2027 according to a new report by grand view research inc expanding at a cagr of 13 4 over the forecast period.

Led lighting industry market research report.

Global led lighting market by installation type new installation retrofit by end use application indoor lighting residential commercial industrial outdoor lighting highway roadway architectural public areas by product type lamps luminaires by geography north america europe asia pacific south america and middle east africa industry trends and forecast to 2025. Value market research s latest report on the global led lighting market identified a significant growth in the industry over the last few years and anticipates it to grow considerably within the forecast period of 2020 2026. The global led lighting market is projected to witness substantial growth in the coming years due to rising demand for technologically advanced electronic devices. Lighting led market market research reports industry analysis our collection of market research reports provides insights into light emitting diode product and market trends oleds photosensitive semiconductor devices projections sales and marketing strategies.

Imarc s latest study indian led lighting market. Lighting industry market research reports analysis trends. Growing stringency of regulations in terms of inefficient lighting technologies and rising government efforts toward sustainable development are the key growth drivers. The global led lighting market is expected to grow from 9 5 billion in 2010 to approximately 55 billion by the end of 2016 with cagr of 34.

The report consists of various segments as well as an analysis. The led lighting offers benefits such as energy efficiency cost saving longer service life lower heat emission and nanosecond switching capability fueling the product demand in the market. Industry trends share size growth opportunity and forecast 2020 2025 provides a techno commercial roadmap for setting up an led manufacturing plant. The global led lighting market size was valued at usd 54 00 billion in 2019 and is projected to expand at a compound annual growth rate cagr of 13 4 from 2020 to 2027.

The led lighting market is valued at usd 58 91 billion in 2018 and is expected to reach usd 127 97 billion by 2024 with a cagr of 13 75 during the forecast period 2020 2025.