LED lighting Market size forecast to witness growth at 28 % CAGR from 2016 to 2023

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LED lighting Market size forecast to witness
growth at 28 CAGR from 2016 to 2023, to reach
over USD 45 billion during forecast period
Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
Low Power Wide Area Network
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Regional Analysis of LED Lighting Market

• The industry can be further bifurcated on the
  basis of region which includes North America,
  Europe, Asia Pacific, Latin America and MEA.
• Asia Pacific LED lighting market developed
  relatively earlier and accounted for over 40 of
  the overall share in 2014.
• China LED lighting market is expected to grow at
  a CAGR of over 35 from 2016 to 2023.

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Application Analysis of LED Lighting Market

• The commercial LED lighting market is primarily
  driven by energy efficiency and enhanced
  controllability over the forecast period.
• The consumers are willing to pay for a new
  lighting fixture for the first installation.
• For residential and office lighting sectors, the
  average cost increases to 30 and 39
  respectively.
• Key application markets include industrial
  lighting, outdoor lighting, architectural
  lighting and commercial lighting.

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Competitive Market Share of LED Lighting
Market

• Epistar is mainly focused on 200mm technology.
  Other major companies such as Philips, Samsung
  and OSRAM are concentrating GaN on silicon
  technology.
• Industry shifts offer entry points for new
  players and build momentous opportunities to
  achieve rapid increase in share.

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Lighting Market _at_ https//www.gminsights.com/indu
stry-analysis/led-lighting-market Request for
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