The $100 Billion LED Lighting Opportunity
Posted in General by Net Zero USA
A new research report by Renub Research outlines the vastness of the business of LED lighting upgrades. The market is currently undergoing a drastic change that has been driven by big energy efficiency projects under the name of financial savings.
One of the biggest takeaways from the report is the sheer size of revenue expected to be collected through sales of LED lighting products: U.S. $100 Billion dollars by the end of 2024.
Energy Independence and Climate Change Also A Driver Of Growth
Rising electricity prices, increasing concern over climate change and great desire of countries to be energy independent are all propelling the global lighting market into high-efficient LED light sources. In most regions of the world, local governments have taken significant steps to promote LED lighting like banning incandescent bulb and giving subsidies to LED lighting manufacturers and end-users.
7 Main LED Lighting Customer Segments
The report breaks the market of LED lighting users down to 7 categories:
- 1. Residential LED Lighting
- 2. Office LED Lighting
- 3. Retail/Shop LED Lighting
- 4. Hospitality LED Lighting
- 5. Industrial LED Lighting
- 6. Outdoor LED Lighting
- 7. Architectural LED Lighting
The latest report is available for purchase here.
About Net Zero USA
With a growing network of LED Lighting Installers across the country, Net Zero USA is one of the largest providers of energy efficient commercial lighting products in America. Learn more about becoming a NZUSA Dealer at http://joinnetzerousa.com/.