2016-02-01

New Focus on Industrial Lighting Market in 2016- Explosion proof Lighting

LEDinside research report indicates the industrial lighting sector has become more important in the lighting industry. Moreover, Europe currently still has the largest market share followed by China and U.S. Under the promotion of oil-related industries, European explosion-proof lighting market has grown slightly faster than the U.S. Affected by the strong demand for LED replacement lamp in recent years around the world and the government's subsidies, LED industrial lighting grows rapidly, its global market scale in 2016 will reach USD 2.932 billion, with growth of more than 15% in the next few years, and its market scale will reach USD 5.204 billion in 2020.
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