– The Lighting India content team
Amid the COVID-19 crisis and the looming economic recession, the lighting fixtures and luminaires market worldwide will grow by a projected USD 25.6 Billion. The growth is driven by a revised compounded annual growth rate (CAGR) of 3.8%. Non-Portable, one of the segments analysed and sized in this study, is forecast to grow at over 4.1% and reach a market size of USD 84 Billion by the end of the analysis period. An unusual period in history, the Coronavirus pandemic has unleashed a series of unprecedented events affecting every industry. The Non-Portable market will be reset to a new normal which going forwards in a post COVID-19 era will be continuously redefined and redesigned. Staying on top of trends and accurate analysis is paramount now more than ever to manage uncertainty, change and continuously adapt to new and evolving market conditions.
