TechSci Press Release

Rising number of smart city projects, increasing green practices are driving the growth in Global LED Lighting Market in the forecast period, 2022-2026. According to TechSci Research report,  “ LED Lighting Market  - Global Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2016-2026”  The global LED Lighting market is anticipated to reach USD81099.76 million in 2026 at a CAGR of 3.73% on account of government initiative such as smart city projects ,  advancements in IoT-enabled technologies and also due to rise  in green practices by organizations. The rapidly increasing building and construction activities and high-rise infrastructure leading installation of new lightings is driving the growth of the global LED Lighting market. Lack of awareness concerning installation costs of LED and reimbursement periods and development of alternative technologies might mildly hinder the growth of the global LED Lighting market in the next five years. ...

  According to TechSci Research report,  “ LED Lighting Market  - Global Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2016-2026”  The global LED Lighting market is anticipated to reach USD81099.76 million in 2026 at a CAGR of 3.73% on account of government initiative such as smart city projects ,  advancements in IoT-enabled technologies and also due to rise  in green practices by organizations. The rapidly increasing building and construction activities and high-rise infrastructure leading installation of new lightings is driving the growth of the global LED Lighting market. Lack of awareness concerning installation costs of LED and reimbursement periods and development of alternative technologies might mildly hinder the growth of the global LED Lighting market in the next five years.   LED lamps do not contain toxic elements and are environment friendly in nature, and their demand is affected by initiatives and policies from g...