Smart Lighting, Niche Lighting and Lighting in Emerging Countries - Energy Watch News


Smart Lighting, Niche Lighting and Lighting in Emerging Countries


According to the latest report from LEDinside, a division of the market research firm TrendForce, 2018 Light LED and LED Lighting Market Outlook, LED lighting market scale will achieve USD 32.72 billion in 2018 and will reach USD 33.3 billion in 2019 when lighting that can be replaced enter the period of saturation, while industrial, architectural and landscape, outdoor and special commercial lighting will keep on developing. According to LEDinside survey on global installed LED lighting market, the quantity of installed LED lighting products replacing traditional lights increased rapidly. The LED lighting penetration in 2017 is 22% and it is expected to reach 63% in 2022. CAGR of installed LED lighting products will be 26% during 2017 to 2022. http://www.ledinside.com/

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