Smart Buildings

The World Market for LED Lighting in Buildings will Reach $25.4 Billion by 2017, Predicts Memoori Research

Memoori publishes a new report on the global market for LED Lighting in Buildings, bringing together market sizing data, investment data and all the factors that influence the industries future. We predict that revenue from the global LED lighting market for buildings will rise from $9.46 billion in 2013 to a total of $25.4 billion by 2017. This represents a compound annual growth rate (CAGR) in the overall market of 22%, over the 5 year period. The global shape of the LED lighting market will stay broadly the same over the next 5 years, with the EU, North America, Japan and China still taking up the largest proportion of LED revenues. Growth in India will be the highest at approximately 31% CAGR, but from a very low base, and penetration rates there are likely to remain relative low. The rest of Asia (with the exception of Japan) will experience growth of around 24% due to […]

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