TECHGuru

  US Lighting Products Market: Snapshot Besides the rising residential and non-residential construction, the U.S. lighting products market is immensely gaining from the high demand for retrofitting and renovation across existing U.S. households. According to Transparency Market Research (TMR), the U.S. lighting products market is poised to exhibit a CAGR of 5.0% between 2014 and 2024. At this pace, the market’s valuation will reach US$285.84 bn by 2024 from US$185.65 bn in 2015. By volume, the market stood at 3.86 bn units in 2015. Recent technological advancements in lamps and bulbs aimed at providing improved energy efficiency have catapulted growth in this market. Not only in the household sector, but the demand for energy-efficient lighting fixtures and products is rising across industries. This has paved way for several market players to come at the fore. Therefore, the increasing demand for highly efficient bulbs with long life spans will aid in the expansion of the U.S....

  US Lighting Products Market: Snapshot Besides the rising residential and non-residential construction, the U.S. lighting products market is immensely gaining from the high demand for retrofitting and renovation across existing U.S. households. According to Transparency Market Research (TMR), the U.S. lighting products market is poised to exhibit a CAGR of 5.0% between 2014 and 2024. At this pace, the market’s valuation will reach US$285.84 bn by 2024 from US$185.65 bn in 2015. By volume, the market stood at 3.86 bn units in 2015. Recent technological advancements in lamps and bulbs aimed at providing improved energy efficiency have catapulted growth in this market. Not only in the household sector, but the demand for energy-efficient lighting fixtures and products is rising across industries. This has paved way for several market players to come at the fore. Therefore, the increasing demand for highly efficient bulbs with long life spans will aid in the expansion of the U.S. lig...