By 2027, the global special lighting market will reach 8.1 billion US dollars

In the COVID-19 crisis, the global market for specialty lighting is estimated to be USD 5.5 billion by 2020, and is expected to reach a revised scale of USD 8.1 billion by 2027, with a compound annual growth rate of 5.6 during 2020-2027. %.

Led Flood Lights

LED is expected to reach a compound annual growth rate of 6.1%, reaching $5.9 billion by the end of the analysis period. After an early analysis of the commercial impact of the influenza pandemic and the economic crisis it caused, the growth of other light source sectors was adjusted to a compound annual growth rate of 4.5% for the next 7 years.

By 2020, the US special lighting market is estimated to reach 1.5 billion U.S. dollars. China, the world's second largest economy, is expected to reach a market size of US$1.8 billion by 2027, with a compound annual growth rate of 9.2% during the analysis period from 2020 to 2027.

Among other geographical markets worthy of attention, Japan and Canada will grow by 3.1% and 4.5% respectively between 2020 and 2027. In Europe, Germany is expected to grow at a compound annual growth rate of 3.9%.