ICT Industry Reports

Rising number of smart city projects, increasing green practices are driving the growth in Global LED Lighting Market in the forecast period, 2022-2026. According to TechSci Research report,  “ LED Lighting Market  - Global Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2016-2026”  The global LED Lighting market is anticipated to reach USD81099.76 million in 2026 at a CAGR of 3.73% on account of government initiative such as smart city projects, advancements in IoT-enabled technologies and also due to rise in green practices by organizations. The rapidly increasing building and construction activities and high-rise infrastructure leading installation of new lightings is driving the growth of the global LED Lighting market. Lack of awareness concerning installation costs of LED and reimbursement periods and development of alternative technologies might mildly hinder the growth of the global LED Lighting market in the next five years. LE...

Rising number of smart city projects, increasing green practices are driving the growth in Global LED Lighting Market in the forecast period, 2022-2026. According to TechSci Research report,  “ LED Lighting Market  - Global Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2016-2026”  The global LED Lighting market is anticipated to reach USD81099.76 million in 2026 at a CAGR of 3.73% on account of government initiative such as smart city projects, advancements in IoT-enabled technologies and also due to rise in green practices by organizations. The rapidly increasing building and construction activities and high-rise infrastructure leading installation of new lightings is driving the growth of the global LED Lighting market. Lack of awareness concerning installation costs of LED and reimbursement periods and development of alternative technologies might mildly hinder the growth of the global LED Lighting market in the next five years. LE...

According To TechSci Research,  Global LED Lighting Market was valued at USD66.83 billion in 2020 and is projected to grow around USD81.09 billion by 2026 owing to increasing demand for energy-efficient lighting.  Also, government programs that includes smart city development and overall infrastructure development are also driving the Global LED lighting market  in the forecast period. However, growth in the industry was hindered in the year 2020, primarily due to global lockdowns that resulted in a break in economic activity. However , demand is gradually recovered after the second quarter. LED stands for light emitting diode which is a PN junction semiconductor diode that emits light when an electric current flows in a forward direction. In this diode, the charge carrier is sent as two on the P-side and electrons on the N-side to produce energy in the form of light and heat .  LED lighting products produce higher and more efficient light than incandescent light bu...