Study: LED lighting market to expand CAGR of 11.8% by 2025
2019-07-25
The global LED lighting market size was valued at $45.57 billion in 2018, and is projected to expand at a CAGR of 11.8% by 2025, according to a report published by Grand View Research, San Francisco. Increasing demand for power-efficient illuminating systems across commercial and industrial sectors, rising concern over reduction of non-renewable sources of power and decreasing price of light emitting diodes (LED) lights are likely to propel the growth.
