As the global LED lighting market continues to grow, the rising adoption of smart lighting systems has become one of the major trends facilitating the recent growth of the market. LED lights are more efficient in terms of energy consumption, while LED bulbs and laps also have longer lifetime compared to conventional incandescent bulbs, therefore…
As the global LED market continues to grow, the world’s top LED lighting manufacturers are still dominating the market. Over the recent decades, LED lights have been rapidly replacing incandescent and fluorescent light sources, due to the fact that LEDs can produce light by consuming much less energy and with less environmental damage. LED bulbs…
Changes in consumer preferences do affect product designs in the global market, consequently affecting LED market share. However, APAC has led the LED market since a few years now, and continues to grow. The rising awareness about energy-efficiency and with governmental focus on sustainability, it is only now that the global LED market can actually…
