Albany, NY -- (SBWIRE) -- 06/21/2018 -- It is well-known that LED lights are fast-becoming the energy-efficient alternative to traditional light bulbs. Currently, LED retrofit technology is becoming more and more popular as a relatively straightforward and simple solution for energy savings. Recently, a fresh study titled "LED Retrofit Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026" has been publicized to the vast database of Market Research Hub (MRH), which offers precise information on market's evolution throughout the above-mentioned forecast period in terms of revenue (in US$ Mn). The readers will further gain access to vital information regarding current trends and future propositions of the market across various geographies.

Request For Sample Report: https://www.marketresearchhub.com/enquiry.php?type=S&repid=1803603

An energy efficient lighting system that utilizes LED Retrofit technology can be effective in cutting lighting operational costs without compromising on lighting quality or productivity. As per the study prime findings, rising popularity and adoption of LED lighting worldwide is a prime factor prompting the market growth of LED retrofit. Also, multiple initiatives carried out by government bodies for the adoption of LEDs in street light applications is projected to boost the global LED retrofit market.

Initially, the report begins with an overview of the global LED retrofit market, evaluating market performance in terms of revenue, followed by analysis of key trends, drivers, and restraints witnessed in the global market. In order to understand the geographical occurrence of the LED retrofit market, the report studies market's performance in North America, Europe, Asia Pacific, Latin America and Middle East & Africa. Some of the major findings identified in the study include-

- According to the analyst's projection, the global LED retrofit market is expected to reach US$ 4,983.9 Mn by 2026. The market is projected to expand at a CAGR of 9.25% during the forecast period from 2018 to 2026.

- Moreover, the research throws lights on market major segments such as its type, application, and functionality. The global LED retrofit market is bifurcated by application into residential, industrial, commercial and others. Out of these, residential sector is expected to contribute significant revenues to the market by 2026 owing to the increased implementation of smart city projects and prominent urbanization worldwide.

Browse Full Report with TOC- https://www.marketresearchhub.com/report/led-retrofit-market-global-industry-analysis-size-share-growth-trends-and-forecast-2018-2026-report.html

- By type, the research covers indoor and outdoor. With the significant use of indoor LED retrofits in residential, commercial and industrial sectors, it is projected to hold a significant share in the coming years.

- Geographically, the study finds that Asia Pacific is expected to witness highest CAGR growth over the forecast period.

Moving further, the study includes the profiles of key players in the global LED retrofit market and the strategies adopted by them to sustain in the competition. General Electric Company, OSRAM Licht Group, Fulham Co., Inc., Tridonic, Eaton, Philips Lighting Holdings B.V., and Cree Inc. among others are some of the leading companies operating in the global market.

Enquire about this Report- https://www.marketresearchhub.com/enquiry.php?type=enquiry&repid=1803603

About Market Research Hub
Market Research Hub (MRH) is a next-generation reseller of research reports and analysis. MRH's expansive collection of market research reports has been carefully curated to help key personnel and decision makers across industry verticals to clearly visualize their operating environment and take strategic steps.

MRH functions as an integrated platform for the following products and services: Objective and sound market forecasts, qualitative and quantitative analysis, incisive insight into defining industry trends, and market share estimates. Our reputation lies in delivering value and world-class capabilities to our clients.

Contact Us
90 State Street,
Albany, NY 12207,
United States
Toll Free : 800-998-4852 (US-Canada)
Email : press@marketresearchhub.com
Website : https://www.marketresearchhub.com/
Read Industry News at - https://www.industrynewsanalysis.com/