Global Led Lighting Market, Growing at a Cagr of Around 13% Between 2015 and 2020.

Published By: Zion Research

Global LED Lighting Market Set for
Rapid Growth, To Reach USD 42.5
Billion by 2020

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LED Lighting Market

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.
LED lights are packaged arrays of light emitting diode, which offers long lasting, economical &
environment friendly lighting. Light emitting diode is semiconductor device that produce light
through a process called "electroluminescence. LED lighting products deliver high electrical
efficacy, high reliability, and longer lifespan. This results into energy savings, lower maintenance
cost and environmental sustainability. Additionally, LED light offers uniform & bright light, high
efficiency and durability. LED lights saves up to 80% energy cost. As compared to traditional
technology LED Lighting technology is more eco-friendly as it doesn’t emits harmful gaseous like
CO2.

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LED Lighting Market
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The LED market is primarily driven by increasing demand for cost effective and long lasting LED
lights. Many governments across the world have imposed stringent regulations on production,
import and sale of incandescent light. Moreover, strong demand from countries like China,
Japan, and South Korea is expected to...