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Global LED Retrofit Market to Reach $3.81 Billion by 2023 - Rising Popularity & Adoption of LED Lighting is the Key Driver - ResearchAndMarkets.com

October 8, 2018

DUBLIN--(BUSINESS WIRE)--Oct 8, 2018--The “Global LED Retrofit Market - by Type, Functionality, Application, Region - Market Size, Demand Forecasts, Company Profiles, Industry Trends and Updates (2017-2023)” report has been added to ResearchAndMarkets.com’s offering.

The global LED retrofit market will reach 3.81 billion USD by 2023 from 2.24 billion USD in 2017 with a CAGR of 9.26% during the period.

The rising popularity and adoption of LED lighting is the key driver of the market. Various initiatives by government for adoption of LEDs is also further boosting the market. However, the temperature issue associated with LEDs is hampering the market growth.

Asia-Pacific will grow at higher rate owing to rising adoption of LED and government initiatives to promote the use of LED lighting. North America will hold major share in the market due to the presence of major players and high adoption of LED retrofit.

Industry Trends & Updates

Osram’s Digital Lumens formed a partnership with Industrial Lighting Products, a prominent manufacturer of energy-efficient luminaries and retrofit solutions. OSRAM Licht group announced its partnership with the U.S. state of Tennessee to increase the number of LED-based lighting retrofit projects in government facilities across the state. Companies ProfiledPhilips Lighting HoldingsOSRAM LichtFulhamTridonicGeneral ElectricEatonCreeAcuity BrandsZumtobelEpistarPremier LightingHilumzStouch LightingThinkLiteand more...

Key Topics Covered

1. Research Methodology

2. Executive Summary

3. Market Overview

4. Market Dynamics

5. Global LED Retrofit Market Segmentation, Forecasts and Trends - by Type

6. Global LED Retrofit Market Segmentation, Forecasts and Trends - by Functionality

7. Global LED Retrofit Market Segmentation, Forecasts and Trends - by Application

8. Global LED Retrofit Market Segmentation, Forecasts and Trends - by Region

9. Company Market Share Analysis

10. Company Profiles

11. Industry Structure

12. Global LED Retrofit Market - The Road Ahead

For more information about this report visit https://www.researchandmarkets.com/research/l6kwph/global_led?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20181008005357/en/

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Related Topics:LED (Light Emitting Diodes)

KEYWORD:

INDUSTRY KEYWORD: ENERGY UTILITIES TECHNOLOGY SEMICONDUCTOR

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 10/08/2018 07:25 AM/DISC: 10/08/2018 07:25 AM

http://www.businesswire.com/news/home/20181008005357/en

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