Home > Blossary: LED Lighting Market Size, Growth, Trend and Forecast to 2022
The global LED lighting market​ is expected to be valued at USD 92.40 Billion by 2022 and is expected to witness a shipment of 14.01 Billion units by 2022, at a CAGR of 13.66% and 21.23%, respectively, between 2016 and 2022. The increasing consumer demand for energy-efficient lighting systems, reduction in prices of LEDs, and high penetration of LEDs as a light source in the general lighting market are expected to drive the growth of this market. The base year considered for this report is 2015, and the market size forecast is provided for the period between 2016 and 2022. https://www.marketsandmarkets.com/PressReleases/led-lighting.asp

Category: Technology

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