The Global LED Lighting Market was valued at USD 31.97 Billion in 2018 and is projected to reach USD 82.74 Billion by 2026, growing at a CAGR of 12.64 % from 2018 to 2026.
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What is LED Lighting?
LED stands for light-emitting diode. LED is basically a semiconductor light source that emits light when current flows through it. LED lighting is unlike from incandescent bulbs and CFLs. Application areas include aviation lighting, automotive headlamps, advertising, general lighting, traffic signals, camera flashes, lighted wallpaper and medical devices.
Global LED Lighting Market Outlook
LED lighting is regarded as one of most energy-efficient and rapidly-developing technology. LEDs consumes lower energy, has greater lifespan, improved physical robustness, smaller size, and switches faster than other light sources. Demand for energy-efficient lighting solutions and architectural boost and rising spending on renovation of infrastructure drives the LED lighting growth. Due to rapid performance improvements and dropping prices of LED technology, incandescent bulbs and CFLs are replaced by LED lighting.
Global LED Lighting Market Competitive Landscape
The “Global LED Lighting Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Philip Electronics N.V.; Cree Corporation; Zumtobel AG, Osram Opto; Digital Lumens Inc.; GE; Toshiba Corp., GE lightings, Dialight Plc; and Cooper Industries Plc. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis.
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