LED Market to Grow 12x by 2023riven by better features and lower costs, the market for light-emitting diode (LED) luminaires, or optimised permanent light fixtures, will grow more than 12-fold over the next decade: from $2 billion (USD) today to $25 billion in 2023, a compound annual growth rate (CAGR) of 25%, according to Lux Research. Christopher Hwang, Lux Research associate, was the lead author of the report, entitled “Casting the Light: Illuminating the Opportunities in 2023’s LED Luminaire Market,” which is part of the Lux Research Energy Electronics Intelligence service. – See more at: https://www.novuslight.com/led-lighting-market-to-grow-more-than-12-fold-by-2023_N2152.html#sthash.c8rwQvqU.dpuf

Driven by better features and lower costs, the market for light-emitting diode (LED) luminaires, or optimised permanent light fixtures, will grow more than 12-fold over the next decade: from $2 billion (USD) today to $25 billion in 2023, a compound annual growth rate (CAGR) of 25%, according to Lux Research. Christopher Hwang, Lux Research associate, was the lead author of the report, entitled “Casting the Light: Illuminating the Opportunities in 2023’s LED Luminaire Market,” which is part of the Lux Research Energy Electronics Intelligence service.  Read more.

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