“Light tower market value to hit $4 bn by 2026”
Electric units will grow owing to introduction of stringent government mandates to promote environment sustainability and address critical need to reduce emissions.
Sales of light towers soar as market exhibits 1.6x growth, finds Fact.MR
The report finds that the diesel fuel accounted for over half of the market revenue in 2018 owing to high reliability, easy availability, ease of fuel storage, higher running time and easy maintenance.
Global architectural LED products market to grow by 14% CAGR: STUDY
The study by PMR reveals that manufacturers of architectural LED products prioritising enhanced brightness, in addition of energy efficiency.
Global Automotive LED Revenue Still On The Rise, Says Trendforce
“The global automotive market has been showing declines since 2018 amid global trade frictions and economic recessions, but the penetration rates of LEDs in various major automotive lighting products continued to rise.”
Automotive light bars market to reach around $ 1,400 Mn by 2029: FMI Study
According to Future Market Insights’ study, titled, ‘Automotive Light Bars Market: Global Industry Analysis 2014–2018 and Opportunity Assessment 2019–2029’, the market is expected to be valued at over US$ 800 Mn at the end of 2019.
Surgical lighting system market to surpass $579.6 Mn by 2026
Global surgical lighting system market is expected to expand at a CAGR of 4.4 per cent during the forecast period (2018-2026), owing to continuous technological advancements and product launches of surgical lighting systems.
LIGHT TOWERS MARKET TO GROW AT A CAGR OF OVER 4% THROUGH 2027
Diesel light towers accounted for over 5 in 10 units sold in 2018, versatility with minimal maintenance stimulates sales.
Future of LED Market in India
While the demand for a smart and connected lifestyle is a driving force behind the LED lighting industry, the industry faces a number of challenges. – Mahesh Bellad
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