Russia’s LED Lighting Market Projected to Capture 1-5% of Global Share

Posted in

February 21, 2025

Russia’s LED Lighting Market Projected to Capture 1-5% of Global Share

A recent report from Russian media, citing a professional marketing analysis company, reveals significant growth in the LED lighting market within Russia, paralleling trends in other cities. The report predicts that Russia’s share of the global LED market will range from 1-5%, with an annual growth rate of 28-48%. The demand for LED retrofits is expected to surpass 300 million units, driven by enhanced energy efficiency and cost savings. Currently, the lighting equipment market in Russia is valued at approximately 560 million euros, highlighting a need for 110 billion LED lamps to fully replace existing lighting resources, primarily in commercial and consumer sectors.

Original source:

https://www.ledinside.com/news/2025/02/russia_led_global_market_20120815

Russia’s LED Lighting Market Projected to Capture 1-5% of Global Share

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