The global market for Lighting Fixtures and Luminaires is forecast to reach US$93.5 billion by 2020, driven by rapid penetration of LED lighting and the corresponding demand for technologically advanced LED lighting fixtures. Growth in the market will also be driven by increasing urbanization, changing demographics and innovation in fixtures targeted mainly at improving functionality. Asia-Pacific represents the largest as well as the fastest growing market worldwide with a CAGR of 7.2% over the analysis period.
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