LED industrial and commercial lighting market reached US $86 billion in 2019

by:ALLTOP      2020-03-27
OFweek lighting network news according to a new report by Transparency Market Research, a US Market Research company, the LED industrial and commercial lighting Market is expected to reach 30. Annual compound growth rate of 8 (CAGR)From 129 in 2012. $0. 2 billion rose to 2019 of 860. $0. 8 billion. LED industrial and commercial lighting market is divided into different categories according to end users and geographical location. For different end users, LED industrial and commercial lighting market can be divided into industrial, commercial, architectural and outdoor lighting. Commercial Lighting can be further divided into office buildings, hotels and restaurants, retail stores, warehouses and storage, and educational institutions. Geographically, LED industrial and commercial lighting markets are divided into North America, Europe, Asia Pacific and other regions of the world. In view of the geographical market segments, Europe has a large market share in the LED industrial and commercial lighting market. 2012 Europe of market share about for 33. 1. Europe's strong presence in the market is mainly due to more and more government investment. Europe's ban on the production and import of all incandescent lamps has provided additional impetus to this market. In addition, countries such as Germany, Russia, Denmark and Britain are also studying solutions for efficient lighting, which will also lead to the growth of LED industrial and commercial lighting market. In terms of end users, the market share of commercial lighting in 2012 was 52. 5%. 5. The main driving force for market growth comes from the continuous improvement of users' awareness of reducing energy consumption and CO2 emissions. Secondly, more and more governments ban the use of incandescent lamps, which can drive the growth of LED commercial lighting market. In addition, the Chinese government's efforts to prevent the production of incandescent lamps of more than 100 watts have also led to the growth of this market. Leading enterprises in the LED industrial and commercial lighting market include Cooper industry ( Cooper Industries)Osram (Osram Lict AG) , Digital Lumens, Dialight, Kerui (Cree)Philips Electronics ( Koninklijke Philips Electronics) , GE Lighting Solutions, Zumtobel AG and Toshiba (Toshiba). As these innovative technology companies continue to work hard to develop simple and long-term solutions, the LED industrial and commercial lighting market will witness tremendous growth. Samsung's new LED bulb combined with Bluetooth technology is expected to sweep the entire LED industrial and commercial lighting market. (Shirley translation)
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