Advances in lighting technology

Steadily, one can observe that, the market is witnessing rapid advances in the lighting technologies. For instance, in the architectural market, LED lighting technology dominated the market in terms of revenue contribution in 2016.

Many analysts forecast that, LED lighting will emerge as the major revenue contributor in the architectural sector by 2021.

In effect, with the technological transitions in the market, consumers are inclined toward product enhancements that are aimed at better efficiency and power-saving capabilities for decoration in the architectural lighting market.