The LED lighting market will reach $ 25 billion in 2023

Thanks to superior performance and constantly costs decline, LED lighting market including outdoor LED flood light and other commercial and industrial and household LED light will grow 12 -fold over the next decade, the annual compound growth rate is 25 %，the current market of outdoor LED flood light and other commercial and industrial and household LED light will rise from $ 2 billion to $ 25 billion in 2023.

The Lux Research  company predicts that embedded modules of outdoor LED...