Packaged LED Market Share

Regionally, the global packaged LED market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. North America industry is set to hold largest revenue share by 2036, impelled by increasing adoption of virtualization technology by businesses in the region, as well as the rising server virtualization in businesses. According to the U. S. Department of Energy, Office of Energy Efficiency and Renewable Energy statistics, approximately 2,325 million LED product installations were recorded in various applications, uplifting LED penetration to 30% of all general illumination lighting in the United States from 2016 to 2018.