LED Lighting Market to Grow at a CAGR of 12.6% till 2023 - Energy Watch News


LED Lighting Market to Grow at a CAGR of 12.6% till 2023

According to the market research report published by P&S Market Research, the global LED lighting market size is projected to cross $70.2 billion by 2023, growing at a CAGR of 12.6% between 2017-2023. The growing adoption of energy efficient lighting solutions, across the globe is one of the primary factors attributing to the growth of worldwide LED lighting industry. The increased investment in infrastructure enhancement, along with continuous price erosion of LED lighting solutions is driving the growth of the market. Apart from this, increase in demand of LED for various applications of general lighting have also benefited the penetration of LEDs in recent years. https://www.psmarketresearch.com/market-analysis/led-lighting-market/report-sample

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