General Lighting Market Size to Increase by USD 30.50 bn during 2020-2024 | Forecasting Strategies for the New Normal | Technavio
The global general lighting market is estimated to grow by USD 30.50 billion during 2020-2024, progressing at a CAGR of over 5% during the forecast period.
- The global general lighting market is estimated to grow by USD 30.50 billion during 2020-2024, progressing at a CAGR of over 5% during the forecast period.
- Factors such as the declining manufacturing cost of LEDs and thegrowing adoption of energy-efficient lighting technologies will be crucial in driving the growth of the market.
- By product, the market is classified into LED lighting and traditional lighting.The LED lighting segment will offer significant opportunities during the forecast period.
- Related Reports on Industrials Include:
GlobalDecorative Lighting Market- Global decorative lighting market is segmented byproduct (ceiling, wall-mounted, and others), distribution channel (offline and online), and geography (APAC, Europe, North America, South America, and MEA).