Global LED Market to Reach US$33.1 Billion in 2017 - Energy Watch News


Global LED Market to Reach US$33.1 Billion in 2017

Global LED lighting market will hit US$29.6 billion in 2016 and increase to US$ 33.1 billion in 2017, with a penetration rate of 52%, according to a report by TrendForce. Further, the report said that LED lighting will account for 23% (highest across the globe) of entire lighting in Europe by 2016, due to regional lighting development. Meanwhile, North America and China will become second and third highest regions. However, Asia- Pacific region will witness fastest growth rate in LED lighting, added the report. http://bizled.co.in/global-led-market-to-reach-us33-1-bn-in-2017/

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