Lighting Industry Market Research Reports, Analysis & Trends
Current Trends in Lighting Industry
According to McKinsey, the global lighting market will grow to approximately to the value of $159 billion by the end of 2020, with 80% of that total from general lighting. In this department, general lighting, automotive lighting and backlighting are the three largest lighting-market sectors at present, with general lighting, which can be segregated down into numerous segments, in which residential lighting-market is the largest accounted for approximately 75% of the total market in 2010. The global LED lighting market is expected to grow from $9.5 billion in 2010 to approximately $55 billion by the end of 2016 with CAGR of 34%.