Industrial, Manufacturing & Heavy Industry Market News

Global LED industrial lighting market to grow at a CAGR of 8.92% according to new research report

Industrial Market Research

A light-emitting diode (LED) is a semiconductor diode electronic device that emits visible light when current passes through it.

When several LEDs are connected, the light emitted is monochromatic, and has a single wavelength. The output of an LED can range from red (approximately 700 nanometers wavelength) to blue-violet (about 400 nanometers wavelength).

LEDs help to address key issues like energy crisis, resource scarcity, and climate change due to their high energy efficiency.

Research analysts forecast Global LED Industrial Lighting market to grow at a CAGR of 8.92% during the period 2018-2022.

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Covered in this report 
The report covers the present scenario and the growth prospects of the Global LED Industrial Lighting market for the period 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography: 

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 The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. 

Key vendors 
General Electric

Market driver 
Phasing out halogen, incandescent, fluorescent, and HID lamps
For a full, detailed list, view our report 

Market challenge 
High cost of implementing LEDs
For a full, detailed list, view our report 

Market trend 
Increasing interest in CSP LED lighting for industrial applications
For a full, detailed list, view our report 

Key questions answered in this report 
What will the market size be in 2022 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?

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