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LED LIGHTING MARKET GROWING AT 14% CAGR & WILL CROSS US$ 105 BN BY 2023

 

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In the last few years, as the world is witnessing rapid industrialization and urbanization, the government is working towards the development of various LED standardization which is helping the industries to adopt this technology. Phillips Lighting Holding B.V. (Netherlands), General Electric Company (U.S.), Osram Licht AG(Germany), Cree Inc. (U.S.), Cooper Industries, Inc. (Ireland), Virtual Extension (Israel), Dialight Plc. (U.K.), Zumtobel Group AG (Austria), Samsung (South Korea), Sharp Corporation (Japan) among others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global LED Lighting market. High need of energy efficient lighting solutions around the world and government initiative towards the use of standardization of LED lighting is playing vital role in the growth and development of the market. http://bizled.co.in/

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