Global LED Lighting Market Update 2018: LaaS is Set to Alter the LED Lighting Business Model; Human-centric Lighting Applications Will Drive the LED Market by 2024
The global LED lighting market is highly competitive and is driven by the demand for energy-efficient lighting, advanced lighting control, reduced prices and increasing awareness on the potential health benefits to human beings.
- The global LED lighting market is highly competitive and is driven by the demand for energy-efficient lighting, advanced lighting control, reduced prices and increasing awareness on the potential health benefits to human beings.
- LED manufacturers are adopting new business models to combat the drastic fall in prices of LED light sources.
- The global LED lighting market was estimated at $52,139 million in 2017, and grew by 10.2% from 2016.
- What are the macro and micro trends and their implications on the global LED lighting market?