LED Lighting Market- 2018 | Overview, Analysis and Forecast to 2025
According to a new market report published by BlueWeave Consulting, The Global Led Lighting Market was valued at US$ 34.0 Bn in 2017 and is expected to expand at a CAGR of 13.7% from 2018 to 2025, reaching US$ 98.4 Bn by the end of the forecast period. According to the report, Asia Pacific was the largest contributor in terms of revenue to the Global LED lighting market in 2017. Growing need among consumer for energy efficient lighting systems for various purposes is driving the Global LED Lighting market. LED Lighting Market Rising urban population and consumer shift towards energy efficient lighting system will positively drive the LED lighting Market. Since scarcity of natural resources and costs of energy are increasing, LED lighting is among the most cost-effective products to reduce the depletion of natural energy resources. The demand for energy-efficient lighting systems are increasing across residential, commercial, and industrial sectors due to growing indus...