Local Players Dominate LED Lighting Fixtures Market - Energy Watch News


Local Players Dominate LED Lighting Fixtures Market

The growth of the global lighting fixtures market, revenue-wise, is estimated to touch US$215.29 billion by 2021 end. The market will grow at a CAGR of 6.9% till 2021, according to a Transparency Market Research (TMR) study. North America will claim the largest revenue from lighting fixtures, which is expected to reach US$64.10 billion by 2021. The lighting fixtures revenue of the Asia-Pacific region will touch US$82.26 billion by 2021, due to its highly-populated countries and rapid industrialization. On the other hand, China’s revenue in the lighting fixtures market will reach US$45.47 billion by 2021. The top global players like Philips, Acuity Brands, Hubbell Lighting, and Cooper Lighting, are facing extreme competition, and to beat this competition, they are adding innovative products into the market, and are focusing on increasing their geographical reach. http://bizled.co.in/local-players-dominate-led-lighting-fixtures-market/

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