Sales of conventional lighting systems are expected to witness major downtrend in the upcoming years as every other consumer in the world is likely to prefer LEDs over incandescent or fluorescent ones. Rising awareness regarding benefits of LEDs will keep orchestrating steadfast growth in global demand for LED lightings. Persistence Market Research projects that by the end of 2025, over US$ 125 Bn worth of LED lightings will sold across the globe. Key insights in its forecast report on the ... Read more

The global LED lighting market is likely to reach $70,240 million by 2023, growing at a CAGR of 12.6% during the forecast period. LED lighting solutions overcome the built-in constraints of traditional lighting solutions such as high-intensity discharge (HID) lamps, compact fluorescent lamp (CFL) and plasma lamps. LED lighting offers numerous benefits over conventional lighting solutions, including energy- ... Read more

The global LED lighting market is likely to reach $70,240 million by 2023, growing at a CAGR of 12.6% during the forecast period. LED lighting solutions overcome the built-in constraints of traditional lighting solutions such as high-intensity discharge (HID) lamps, compact fluorescent lamp (CFL) and plasma lamps. LED lighting offers numerous benefits over conventional lighting solutions, including energy- ... Read more