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LEDinside Estimates 2015 LED Industrial Lighting Market to Reach $2.37 B

And by 2018 the scale will reach $3.935 billion. LED high and low bay lighting fixtures have become more attractive for industrial lighting users for replacement purposes. Furthermore, LED lighting products have seen additional increases in performance and decreases in price. These improvements, together with industrial lighting products’ high profit margins, have made industrial application the most competitive market for LED package and LED luminaire companies for the 2015-2016 period. LED high/low bay lighting products are the largest in terms of market share. It is expected 80W-250W LED high/low bay light products will become mainstream in the market.