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Lighting Fixtures Market is expected to expand at a CAGR of 3.7% by the end of 2032 – Persistence Market Research

Lighting Fixtures Market is expected to expand at a CAGR of 3.7% by the end of 2032 – Persistence Market Research
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Lighting Fixtures and Luminaires Market 2021 Analysis by CAGR, Geography, End-user, Application, Competitor Analysis, Sales, Trends and Forecast to 2027 – KSU

tipFebruary 8, 2021
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A rapid change has been witnessed in the lighting industry related to style, trend, and appearances. This change is attributed to the rising disposable income of the people resulting in replacing old lighting fixtures with the new efficient designs. Also, owing to the benefits of LED lighting, people are replacing their old incandescent lights. Governments of several countries are encouraging the replacement of old lights with energy-efficient lighting solutions such as LED. Such factors are anticipated to propel the growth of lighting fixtures and luminaires market. Furthermore, increasing construction in the hospitality sector is providing a prosperous opportunity for the growth of the market. ....

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