LED Displays, Lighting and Fixtures Market - Forecast(2020 - 2025)
There is a growing concern about the global electricity consumption. According to the 2018 Energy Statistics Pocketbook by United Nations, the global electric energy consumption was 24,321.6 TWh in 2015, which was approximately 12% more than that in 2010.[1] Additionally, global electricity demand is predicted to increase in the coming decades. However, the energy sources in the world are depleting, and the world is in need for energy conservation, be it electricity or fossil fuels. Now, a lot of electricity consumption attributes to lighting, displays, and fixture, and the fact that it can be significantly minimized by using LED products is flourishing the LED displays, lighting and fixtures market which already had a global market size of an impressive $58.64 billion as of 2018. Furthermore, the demand for these products is estimated to grow with a profitable CAGR of 12.21% during the forecast period 2019-2025. The expansion of real estate and proliferating industrialization a...