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Showing posts from April, 2020

LED Lighting Market Size Worth $126.5 Billion By 2027 | CAGR: 8.9%

Industry Overview The global LED lighting market is expected to reach USD XX billion market size by 2027 as per a new research report published by Confianza Market Research & Consultancy. The key factors driving the market growth include increasing demand for sustainable energy sources and increasing emphasis on energy saving by the governments as well as users around the world. Moreover, the decreasing prices of LED lamps and government rebate & discount schemes have boosted the adoption of LED lamps in the residential segment.  North America LED lighting manufacturers have witnessed an exponential demand in the last decade. The low cost & better efficiency of linear fluorescent lights resulted in widespread adoption across the commercial & industrial segments. But, revisions in light standards stated by the U.S. Department of Energy and increasing awareness have forced the end-users to adopt LED lights, thus driving industry growth. Download F...