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Huge Market About Led Work Light

Nanjing Huiguang Lighting Co.,Ltd | Updated: Jan 02, 2018

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Led Work Lights Market value of nearly US$ 10,700 Mn by 2024

Nevertheless, manufacturers of LED work lights are striving to curb the impact of such misconceptions by introducing advanced capabilities in existing product lines, and by extending the durability & power efficiency of new products. In a latest report published by Persistence Market Research, the global LED work lights market procured an estimated value of US$ 8,195 million in 2016. According to the report, the global market for LED work lights will expand moderately at 3.3% CAGR to reach US$ 10,661.3 million value by the end of 2024. In terms of volume, more than 1 million units of LED work lights will be consumed globally by 2024-end. Despite the deterrents, factors such as growing online sales, surging demand for explosion-proof work lights, and rapid urbanization will continue bolster the global LED work lights sales in the years to come.

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