LED Lighting Market Worth 92.40 Billion USD by 2022

LED Lighting Market Worth 92.40 Billion USD by 2022

According to a new market research report “LED Lighting Market by Installation Type (New Installation and Retrofit Installation), End-Use Application (Indoor Lighting and Outdoor Lighting), Product Type (Lamps and Luminaires), and Geography – Global Forecast to 2022”, published by MarketsandMarkets, the total LED lighting market, in terms of value, is expected to be valued at USD 92.40 Billion by 2022, growing at a CAGR of 13.66%; in terms of volume, the market size is expected to reach 14.01 Billion units by 2022, at a CAGR of 21.23% during the forecast period. The growing consumer demand for energy-efficient lighting system is expected to be the major factor driving the market Read more

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