Research Nester20 Mar, 2023News
The global market for architectural LED products stood at a valuation of USD 3.9 Billion by the end of 2016 and is projected to expand at a robust compound annual growth rate of 18.2% over the period 2017-2024. This can be attributed to the demand for architectural LED products from almost all sectors including residential and commercial sectors. In addition to this, the increase in purchasing power of the consumers and their inclination toward luxurious life style is expected to propel the growth of global market of architectural LED products.
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