Lighting Products Market - Residential Lighting Emerges Dominant Among Key Application Segments
Besides the rising residential and non-residential construction, the U.S. lighting products market is immensely gaining from the high demand for retrofitting and renovation across existing U.S. households. According to Transparency Market Research (TMR), the U.S. lighting products market is poised to exhibit a CAGR of 5.0% between 2014 and 2024. At this pace, the market's valuation will reach US$285.84 bn by 2024 from US$185.65 bn in 2015. By volume, the market stood at 3.86 bn units in 2015.
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