Global Led Lighting Market Size

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.

Global led lighting market size.

11 2020 at 8 17 a m. The global led lights market is estimated to be valued at us 35 865 2 mn by the end of 2016 and is expected to expand in the coming years at a cagr of 10 8 in terms of value over the forecast period. This time series represents the projected global light emitting diode led market size from 2019 through 2023. Growing stringency of regulations in terms of inefficient lighting technologies and rising government efforts toward sustainable development are the key growth drivers.

The growing adoption of energy efficient lighting solutions and declining prices of leds are the key growth factors driving the led lighting industry. Assessment of market dynamics offers a brief thought about the drivers and restraints for the led lighting market along with the impact they have on the demand over the forecast period. The report analyzes and estimates led lighting market on a global and regional level. Global led lighting market overview.

The report offers past data of 2016 along with estimation from 2017 to 2022 based on revenue usd billion. The increasing consumer demand for energy efficient lighting systems reduction in prices of leds and high penetration of leds as a light source in the general lighting. The global led lighting market size was 67 6 billion in 2019 and it is projected to witness a cagr of 12 9 during the forecast period 2020 2030. 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.

The global led lights market is expected to represent a high incremental opportunity between 2017 and 2022. 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. It is expected that by 2023 the global led market size will reach approximately 98. Press release poe led lighting market global industry analysis by trends size share company overview growth and forecast by 2026 published.

The global led lighting market size is estimated at usd 56 15 billion in 2018. Global industry analysis and forecast 2017 2025 consists of four main parts the first part is dedicated to explaining the market definitions market segmentation and acronyms used in the report.