LED Lights- Industrial and Commercial LED Lighting Market Expected to Reach $79.49 Billion in the Coming Decade
The global industrial and commercial LED lighting market was valued at $29.60 billion in 2016 and is projected to reach $79.49 billion by 2023, growing at a CAGR of 14.9% from 2017 to 2023.Europe dominates this market at present, followed by North America. In 2016, Germany dominated the market in Europe; similarly, the U.S. led the overall market in North America, while China dominates the market in Asia-Pacific presently.
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