Industrial & Commercial LED Lighting Market to Grow at 30.8% CAGR - Energy Watch News


Industrial & Commercial LED Lighting Market to Grow at 30.8% CAGR

Global industrial and commercial LED lighting market is expected to exhibit 30.8% CAGR from 2013-2019 due to the growing demand from commercial sector, according to a ResearchMoz report. The industrial segment is expected to be slow growing as compared to other counterparts owing to the presence of existing and widely used HID and fluorescent technologies with high performance. Commercial segment further includes retail, hospitality, education buildings, office, and warehouse storage applications. This segment has witnessed high adoption as a lighting alternative. Smart lighting is also expected to offer lucrative opportunities for application in commercial and industrial areas. http://www.researchmoz.us/global-led-lighting-market-research-report-2017-report.html

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