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.
The study by PMR reveals that manufacturers of architectural LED products prioritising enhanced brightness, in addition of energy efficiency.
“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.”
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.
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.
Diesel light towers accounted for over 5 in 10 units sold in 2018, versatility with minimal maintenance stimulates sales.