The global light-emitting diode lighting module market to grow at a CAGR of 19.95% during the period 2017-2021. The Technavio report covers the present scenario and the growth prospects of the global light-emitting diode lighting module market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of LED lighting modules across the several end-user segments, which includes architectural, hospitality, industrial, office, outdoor, residential, and retail.
Technavio’s report, Global Light-Emitting Diode Lighting Module Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
LED lamps consist of two semiconductor diodes, which produce light. They do not contain any mercury and emit almost negligible UV or infrared rays that are converted to white light by the phosphors content in it. Thus, these are environment friendly. These are also resistant to shock and vibration and produce very little heat. It has a life span of almost 50,000 hours, which is much longer than other types of bulbs.
