Global Industrial And Commercial LED Lighting Market report delivers future development strategies, key companies, Possibility of competition, major challenges analysis. The reports elaborate the expansion rate of the Industrial And Commercial LED Lighting market supported the highest company profile analysis. This report providing an in-depth analysis, market size, and evaluation for the developing segment among the industry. Industrial And Commercial LED Lighting Market report will help you take expert decisions, recognize opportunities, plan effective professional tactics, plan new schemes, analyse drivers and restraints and give you a vision on the Industrial And Commercial LED Lighting Market forecast.
The Industrial And Commercial LED Lighting Market report discusses the primary industry growth drivers and challenges that the vendors and the market as a whole face and provides an overview of the key trends emerging in the market. It also talks about the market size of different segments and their growth aspects along with key leading countries in Americas, Asia-Pacific, Europe, the Middle East, and Africa regions.
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The global industrial and commercial LED lighting market size is projected to value at USD 165.91 billion by 2022. Increased efficiency of these lights integrated with government regulations for prohibiting incandescent lamps is expected to boost the demand by 2022.
The rising trend for installing cost-effective lighting systems is likely to augment the demand. The concepts like smart lighting that provide various advantages including security, safety, and comfort are expected to provide attractive opportunities for industrial & commercial LED lighting market growth. For example, the presence of several smart city initiatives across Europe and U.S. to lower energy consumption and increase power demand is likely to support sales.
Strict government norms and prohibition of incandescent lamps and the implementation of minimum efficiency standards by several governments worldwide are also expected to augment market growth. For example, Brazil has prohibited 100-watt and 60-watt incandescent lamps since 2012. Moreover, several government actions taken in reference to these systems and the implementation of several energy-efficient initiatives are estimated to be the key factors affecting the market.
Some of the companies for Industrial And Commercial LED Lighting market are:
GE Lighting, Toshiba Corporation, Philips Electronics, Osram Opto, and Cree Inc
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