Laidishine Logo-04

LED Lighting Market Worth $124.7 Billion By 2027 (2)

LED Lighting Application-News Cover

Share This Post

The market for the luminaires segment is expected to grow at a higher CAGR during the forecast period due to the increasing installation of energy-efficient lighting systems in outdoor projects, including street and road lighting, tunnel lighting, and floodlighting; stadiums; and sports complexes. Further, the increasing awareness among contractors/project managers of benefits associated with LED lightings in terms of longer lifespan and substantial energy saving potential is further driving the growth of the luminaires segment.

The increasing awareness among contractors/project managers toward the benefits associated with LED lightings in terms of longer lifespan and substantial energy-saving potential further drive the growth of the luminaires segment. The downlighting luminaire segment is likely to dominate the overall market for luminaires during the forecast period, whereas the decorative lighting segment is expected to witness the highest CAGR between 2022 and 2027.

More To Explore

Want to get the latest market price and advantage of lightning solutions?

drop us a line and keep in touch

Factory News-BG02

Get A Quick Quote

We will respond within 12 hours, please pay attention to the email with the suffix “@laidishine.com”

Also, you can go to the Contact Page, which provides a more detailed form, if you have more details for products or would like to obtain a light solution negotiated.

Data Protection

In order to comply with data protection laws, we ask you to review the key points in the popup. To continue using our website, you need to click ‘Accept & Close’. You can read more about our privacy policy. We document your agreement and you can opt out by going to our privacy policy and clicking on the widget.