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2016-03-02

Scale of LED Industrial Lighting to Reach US$2.9 Billion in 2016 as Explosion-Proof Lamps Become the Focus of Demand, Says LEDinside

The LED industrial lighting market has enjoyed accelerated growth in recent years owing to the rising demand worldwide and government subsidies, says LEDinside, a division of TrendForce. According to LEDinside’s latest report, 2016 Industrial Lighting: Explosion-Proof Lamps, the market of LED industrial lighting is forecast to grow from US$2.93 billion in 2016 to US$5.20 billion in 2020, representing a CAGR of over 15% during the five-year period.

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