The architectural LED products market globally has experienced a significant growth due to the surging demand for more efficient lighting, displays and fixtures in the residential and commercial places along with the rising awareness among people for energy conservation. The architectural LED products market is classified into products type, application type and end-user type. Construction of buildings involving energy conservation techniques for lighting; and retrofitting the existing buildings with energy efficient LED bulbs and lamps is boosting the demand for the architectural LED lighting fixtures globally. (more…)
Posts tagged ‘Architectural LED Products’
According to the latest market report published by Persistence Market Research, titled “Global Market Study on Architectural LED Products: Driven by Price Commoditization and Significant Growth in Enhanced Performance”, the architectural LED products market is estimated to be valued at US$ 3,997.5 Mn by the end of 2015 and is anticipated to expand at a CAGR of 17.9% from 2015 to 2021 in terms of value, to account for US$ 10,751.1 Mn by 2021.
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