Global Solid-State Lighting Market Will Take Worldwide Lead with Impressive Gross Margin by 2023
According to studies, lighting accounts for substantial share of total global energy consumption. The increasing demands for environmentally-friendly and energy-saving lighting technologies are key factors driving the growth of the global solid-state lighting market. Moreover, various government initiatives are promoting the use of SSL technologies over conventional lighting. Technological advancements in the lighting industry aim at providing higher lighting output while consuming less power.
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