Global LED Lighting Market worth USD 42.5 Billion by 2020

 

The Digital Journal recently posted an article online about the LED industry.

“According to the report, the global LED lighting market was valued at approximately USD 20.0 billion in 2014 and is expected to reach approximately USD 42.5 billion by 2020, growing at a CAGR of around 13% between 2015 and 2020.

Zion Research has published a new report titled “LED Lighting Market for Residential, Architectural and Outdoor Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2014 – 2020”.

According to the report, the global LED lighting market was valued at approximately USD 20.0 billion in 2014 and is expected to reach approximately USD 42.5 billion by 2020, growing at a CAGR of around 13% between 2015 and 2020.”

 

As you can see, the LED market continues to grow and is expected to do so at double digit rates. For our electrical wholesale clients, this provides an opportunity to build on the trend and take advantage of the expanding revenue stream.

Read the full article at http://www.digitaljournal.com/pr/3105553

To learn more about commercial and industrial lighting and how we can help, please contact us at info@csc-led.com

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s