Industrial & Commercial LED Lighting Market Likely to Reach $79.49 Bn - Energy Watch News


Industrial & Commercial LED Lighting Market Likely to Reach $79.49 Bn

The global industrial and commercial LED lighting market was valued at $29.60 billion in 2016 and is projected to reach $79.49 billion by 2023, growing at a CAGR of 14.9% from 2017 to 2023. Europe dominates this market at present, followed by North America. In 2016, Germany dominated the market in Europe; similarly, the U.S. led the overall market in North America, while China dominates the market in Asia-Pacific presently. The residential segment led the global market, followed by the commercial in 2016. However, industrial application segment is expected to depict highest CAGR throughout the forecast period. http://bizled.co.in/

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