LED Light

Memoori, an independent market research and business intelligence company recently release their findings related to the Business of LED Lighting in Buildings 2014 to 2018.

They estimated that the revenue of the global LED Lighting market for buildings hit $8.1 billion at the end of 2013 and will rise to around $10.3 billion by the end of 2014. By 2018 the market will have grown still further to total almost $23 billion. This represents a compound annual growth rate (CAGR) in the overall market over this 6 year period of 22.8%.

The study shows that the largest gains will be made in the Latin America residential market followed by Europe and the USA, with Asia showing the lowest residential growth. However, in the commercial market, Asia takes the top spot followed closely by the US.

For more information related to their report – click here

As a manufacturer of aluminum extrusion designs for LED lighting, KLUS is leading the way for home and business owners to effectively and beautifully integrate LED lighting into their world.