LED Lighting Market Worth 92.40 Billion USD By 2022

- Aug 24, 2017-

According to a new market research report "LED Lighting Market by Installation Type (New Installation and Retrofit Installation), End-Use Application (Indoor Lighting and Outdoor Lighting), Product Type (Lamps and Luminaires), and Geography - Global Forecast to 2022", the total LED lighting market, in terms of value, is expected to be valued at USD 92.40 Billion by 2022, growing at a CAGR of 13.66%; in terms of volume, the market size is expected to reach 14.01 Billion units by 2022, at a CAGR of 21.23% during the forecast period. The growing consumer demand for energy-efficient lighting system is expected to be the major factor driving the market.