According to the latest report from LEDinside, a division of the market research firm TrendForce, 2018 Industrial Lighting and High / Low Bay Light Market Report, the global LED industrial lighting market increases significantly as the stability and price of LED products are approaching the traditional metal-halide lamp. Europe takes up the largest market share in 2018, followed by China and America. In view of shipments, Chinese market accounts for the greatest proportion, mainly because the products from Chinese market are in lower prices. The global industrial lighting market scale comes to USD 3.934 billion in 2018, and expected to reach USD 5.687 billion in 2022, with CAGR of 10% during 2018-2022.