2015-03-17

LEDinside Estimates 2015 LED Industrial Lighting Market to Reach US$2.37 B

LEDinside, a division of TrendForce, reports that industrial lighting has a decisive weight in the entire lighting market. LEDinside has released its latest “1Q15 Silver Member Market Report - Industrial Lighting and High Bay Markets”, which shows an intense level of price competition in the market for LED replacement lighting products, including LED light bulbs and light tubes sold in retail stores. More and more LED lighting vendors hope to capitalize on the situation by entering the industrial lighting sector. Based on LEDinside’s forecast, LED industrial lighting market scale will be worth US$2.366 billion in 2015 and by 2018 the scale will reach US$3.935 billion. 
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