According to research conducted by Persistence Market Research Pvt. Ltd., sales of conventional lighting systems are expected to witness a downtrend in the upcoming years due to rising consumer preference for LEDs over incandescent or fluorescent lighting. Rising awareness regarding benefits of LEDs will orchestrate steadfast growth in global demand for LED lightings. Persistence Market Research projects that by the end of 2025, over US$ 125 Bn worth of LED lightings will sold across the globe. Key insights in its forecast report on the global LED lighting market also predict that the market, which is presently valued at just over US$ 36 Bn, will expand at an impressive momentum and register 16.6% CAGR during the forecast period, 2017-2025. For more details on the report, titled "Global Market Study on LED Lighting Solutions, a sample of this report is available upon request at http://www.persistencemarketresearch.com/samples/14905
For more details:
Call: 800-961-0353
Email: [email protected]
Web: http://www.persistencemarketresearch.com