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The global LED market has witnessed rapid growth due to the demand for efficient displays, lighting, and fixtures along with the rising awareness levels about energy conservation. The major segments in the lighting market are general lighting, automotive lighting, signs and billboard lighting, with general lighting accounting for approximately 75% of the total lighting market. The construction of new green buildings as well as retrofitting the existing buildings in order to make them green is increasing the demand for energy efficient lighting fixtures and, in turn, driving the lighting fixtures market.