Industrial and Commercial Led Lighting Market to Grow at a 30.8% Cagr as Governments Ban Incandescent Bulbs

A new report published by Transparency Market Research (TMR), titled “Industrial And Commercial LED Lighting Market - Global Industry Size, Market Share, Trends, Analysis And Forecast, 2013 - 2019”, states that the global industrial and commercial LED lighting market was valued at US$12,927.9 million in 2012 and is expected to reach US$86,087.9 million by 2019, growing at a CAGR of 30.8% from 2013 to 2019.

The global industrial and commercial LED lighting market is segmented on the basis of end users and geography. The categorization of the global industrial and commercial LED market by end users leads to the industrial, commercial, architectural, and outdoor segments. The commercial segment is further divided into users such as office buildings, hotel and restaurants, retail shops, warehouse and storages, and educational institutes. Geographically, the global industrial and commercial LED lighting market is divided into North America, Europe, Asia Pacific, and Rest of the World.

Browse the full Industrial And Commercial LED Lighting (Industrial, Commercial, Architectural, And Outdoor) Market - Global Industry Size, Market Share, Trends, Analysis And Forecast, 2013 - 2019 report at http://www.transparencymarketresearch.com/industrial-commercial-led-lighting-market.html

Out of the geographical segments, Europe holds the largest market share in the global industrial and commercial LED lighting market. It held about 33.1% of the global industrial and commercial LED lighting market in 2012. The strong presence of the market in Europe can be attributed to growing government investment in the industrial and commercial LED lighting sector. The European ban on production and import of all incandescent lamps gave an additional impetus to this market. Furthermore, countries such as Germany, Russia, Denmark, and the U.K. are also looking at methods of making lighting solutions more efficient. As these regions look at solutions to...