Global Led Lighting Industries

Growing stringency of regulations in terms of inefficient lighting technologies and rising government efforts toward sustainable development are the key growth drivers.

Global led lighting industries. Commercial led 11 d l. We know how important it is to consume less energy and to provide architects designers and lighting specifiers with options that help. 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 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.

2 2020 prnewswire due to the advancements in technology the cost of light emitting diodes leds has come down while their operational efficiency and life have increased. Manufacturing 1 daylight 11 dual lite 5 global industrial 42 howard lighting 15 hubbell dual lite 1 hubbell lighting 8 hubbell lighting columbia 64 hubbell lighting industrial 1 hubbell lighting outdoor 3 hubbell lighting prescolite 21 hubbell 4 hydrofarm 28 james industry 3. Light emitting diode advances referred to in simpler terms as led technology have revolutionized the lighting industry and we at global lighting are riding the state of the art wave by offering fixtures configured for led bulbs. As a result the global led lighting market is on the path to reaching 262 8 billion by 2030 from merely 67 6 billion in 2019 at a monumental cagr of 12 9 between 2020 and 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. 11 2020 at 8 17 a m. We are an energy efficiency company and through our energy efficiency program we help businesses like yours update to led lighting with no upfront cost. We carry led sconces led table lamps led vanity fixtures led pendants for all led lighting need.

As a result the global led lighting market is on the path to reaching 262 8 billion by 2030 from merely 67 6 billion in 2019 at a monumental cagr of 12 9 between 2020 and 2030. According to the report the global led lighting market added up for usd 26 09 billion in 2016 and is likely to cross usd 54 28 billion by end of 2022 developing at a cagr of almost 13 from 2017. Press release poe led lighting market global industry analysis by trends size share company overview growth and forecast by 2026 published. Huge selection of led lighting led lighting fixtures.