Amid the COVID-19 crisis, the global market for Specialty Lighting estimated at US$5.5 billion in the year 2020, is projected to reach a revised size of US$8.1 billion by 2027, growing at aCAGR of 5.6% over the period 2020-2027.
LED is projected to record 6.1% CAGR and reach US$5.9 billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Other Light Sources segment is readjusted to a revised 4.5% CAGR for the next 7-year period.
Click here to read the full article, posted on March 23rd, 2021 on LED News.
Properties in California need to comply with the Title 24 energy code by using energy efficient lighting solutions.