China’s demand for LED Lighting has grown at a fast pace in the past decade. In the next decade, both production and demand will continue to grow. The Chinese economy maintains a high speed growth which has been stimulated by the consecutive increases of industrial output, import & export, consumer consumption...
The global LED Trunking market was valued at US$ 5.33 Bn in 2018 and is expected to reach US$ 8.86 Bn by 2027 with a CAGR growth rate of 5.9% in the forecast period from 2019 to 2026. For the installation of the energy-efficient lighting such as LEDs, an appropriate lighting fixture holds an important position.These fixtures are termed...
The global LED downlight market reached a value of US$ 17.3 Billion in 2018. LED downlights refer to recessed light fixtures which are installed into a hollow opening in a ceiling. These lights are extensively used across residential and commercial spaces. They are extremely energy-efficient and eco-friendly lighting solutions which emit light...
The mini and micro LED market is expected to reach around $6 million by 2024, growing at a CAGR of around 147% during the forecast period. The global mini and micro LED market is driven by the rising demand for advanced displays and innovative lighting control systems. The increasing number of digital initiatives in the LED market will...
East Africa LED market reached a value of US$ 482.4 Million in 2018. The market is currently being driven by several factors such as strong government support, declining prices of LED products, infrastructure growth, rising consumer awareness, etc. This latest report provides a detailed insight into the East Africa LED Lighting market covering...
Artificial Intelligence (AI), Voice Command Control, and IoT-enabled Lighting to Drive the Industry Forward The homes and buildings (H&B) industry continues to evolve, driven by transformational technologies such as artificial intelligence (AI), machine learning, Internet of Things (IoT), data analytics, and the cloud.These...
Global automotive lighting market was worth about $32.8 billion with a year-on-year increase of 8.6% in 2018, and the figure is predicted to reach $57.0 billion in 2025 as demand for intelligent lamps, especially automotive LED lamps picks up. The penetration of automotive LED headlamps stood at 23% in 2018, and is expected to hit around 60%...
LED light engine market to grow at steady rate from 2019 to 2024 The LED light engine market is expected to be valued at USD 30.0 billion in 2019 and is anticipated to reach USD 59.5 billion by 2024 growing at a CAGR of 14.7% from 2019 to 2024. Rising demand for energy-saving lighting systems; development and modernization...
MO source is a key raw material for metal-organic chemical vapor deposition (MOCVD) process. Global MO source output ranged at 102.6 tons in 2018, a rise of roughly 4.6% from a year earlier, a figure projected to outnumber 150 tons in 2025. China as the world’s largest producer of MO source manufactured 44.3 tons or over 40% of the global...
About this market Construction of new airports and modernization of existing airport infrastructure will be key factor driving the growth of the global commercial airport lighting market. Many countries are investing in new and improved infrastructure to manage the growing air traffic and maintain high level of service....