LED Retrofit Market Industry Size, Growth, Analysis and Forecast To 2018 - 2026
Global LED Retrofit Market: Snapshot The global LED retrofit market is expected to reach US$ 4,983.9 Mn by 2026. The market is projected to expand at a CAGR of 9.25% during the forecast period from 2018 to 2026. According to the report, the global LED retrofit market will continue to be influenced by a range of factors such as rising popularity and adoption of LED lighting worldwide. Additionally, multiple initiatives carried out by government bodies for adoption of LEDs in street light applications is projected to boost the global LED retrofit market during the forecast period of 2018-2026. Asia Pacific will be at the forefront of growth, with the market in the region growing at above 10% through 2026. Industrial sector is expected to be more lucrative for the global LED retrofit market The global LED retrofit market is bifurcated by application into residential, industrial, commercial and others. Residential sector is expected to contribute significant revenues to the ma...