Global LED Lighting Market Outlook to 2025: Ken Research

The report titled “Global LED Lighting Market Outlook to 2025– Rise in Government Interventions, Rapid Technological Advancements and Rise in Smart City Projects will Drive the Market” provides a comprehensive analysis on global LED Lighting market. The report covers various aspects including the current global lighting scenario in value, its segmentations viz, type of LEDs, sales channel, technology, end users and regional analysis, major trends and development, issues and challenges, government regulations and competition benchmarking. The report concludes with market projections for future of the industry including forecasted industry size by revenue and prices.

Global LED Lighting Market Overview and Size

The Global LED lighting market has witnessed a rapid growth over the recent past.  Through technology development and energy efficiency policies such as ban of incandescent bulbs in major countries, the penetration of LED lighting has increased from 11% in 2014. The growing concern among the population about the amount of heat emitted by traditional fluorescent lights has made people shift to more energy saving resources, thereby expanding the overall size of LED lighting market.

The market is currently at the growth stage and the growth is attributed to the high efficiency & longer life span of LEDs with rising government intervention & attractive incentives. The new changes in the governments regulations related to lighting standards in the country provide a positive outlook for the market in the long run. The new technological advancements and innovation in the product offerings are driving the market growth.

Global LED Lighting Market Segmentation

Type of LEDs

The market has presence of two type of LED lights Lamps and Luminaires. LED luminaires have been successful in driving the overall LED lighting market by increasing highest revenue share of 65.0% in 2020P. Major types of luminaires which are globally used are Troffers, Downlights and High Bay. Government programs aimed at retrofitting the public construction and commercial lightings has been a major contributor for the growth in the revenues from LED lamps. A-Lamps has contributed second largest share which has dominated the LED lamps segment in 2020P.

By Usage

The increasing awareness about energy saving resources in the global world boosted the demand for indoor LED lights in the residential sector, making them contribute highest share to the global revenue in 2020P. However, the outdoor LED lighting segment is expected to grow at a high CAGR of 8.3% in the forecasted time period (2020P-2025F). Collaboration of prominent companies (The Capital Group & Philips) to replace all traditional lights with LED smart lightings by 2025 to drive growth for outdoor smart lighting.

By Sector

Despite the higher initial cost of installation which is added to the expenses of the companies opting LED lights, this lighting technology is preferred by the commercial sector for its longer shelf life and energy saving benefits and have dominated the highest share during 2020P. Increased awareness among the customers regarding energy saving benefits of LED lights has been a major driver for the increased application of LED lighting system by the residential customers, thereby contributing highest share to the total revenue.

By Distribution Channels

Retail sales generally cater to the lighting requirements of the commercial, industrial and residential customers and dominate the market contributing highest revenue share during 2020P. However, they are now losing share to direct sales (project-based solutions) which have contributed remaining share in the same year. Upcoming events such as UAE Vision 2021, Qatar Fifa World Cup 2022 will be the major growth driver for project based sales.

Regional Analysis

Asia- Pacific

Asia-Pacific dominated the market by contributing highest revenue share in 2020P. China plays a significant role in this region due to its large economic size & strong growth and contributed around highest share to the total revenues in 2020P. The Indian LED market has seen a tremendous growth @ CAGR 18.0% for the period 2014-2020 and is likely to become cost competitive vs. China on export of manufactured goods due to increasing and higher labor costs in China. Indonesia leads the LED lighting market share among Southeast Asian countries, while Vietnam witnesses the highest market growth. Heavy demand for new construction, rising usage in residential application along with declining LED prices will strengthen its position.

North America

Encouraging government initiatives and rebate programs along with the emergence of smart light filling technology has increased the revenue share of North America to be the highest during 2020P. Rising trend of connected lighting controls for indoor and outdoor applications along with increasing consumer interest towards adopting highly efficient & environment friendly lighting solutions has been a major growth factor. Cost of lighting products is expected to transfer to consumers due to the impact of US-China Trade War and rising raw material price.

Europe

Europe contributed significant share of the revenue share with Germany capturing the highest market share in 2020P. Europe has been at the forefront of adopting new LED technologies and the region is expected to lead the intelligent lighting system and Li-Fi installations. Several manufacturers (OSRAM, Zumtobel) are setting up units in the Balkan countries, especially Serbia, to cater to the demand from Eastern European countries. Rising implementation of advanced lighting system across residential and commercial sector is expected to drive growth.

Latin America

Latin America contributed smaller revenue share to the LED Lighting market in the global world. Growth in urban lighting along with residential, outdoor, and architectural applications in Brazil, Mexico and Argentina is expected to drive the market. Solid demand from housing and infrastructure developments in Chile, Peru, and Colombia is expected to lead to above-average growth.

Middle East

Middle East and Africa (MEA) contributed remaining revenue share of LED Lighting market in the global world. Development of smart buildings and smart cities, especially in cities with higher index of connectivity, is fuelling LED growth. Huge investments (~$1,580 bn for the year 2019F-2023F) in public and private infrastructure are observed in UAE, Qatar and Saudi Arabia. Outdoor lighting systems are also used as a measure of attracting tourists towards popular sites in UAE such as Dubai Mall uses light and water show, Burj Khalfia organized light show. Moreover, global events scheduled in the GCC countries such as The 2020 Dubai World Expo and the 2022 Qatar World Cup along with rural electrification in Africa will drive the LED lighting market.

Competitive Landscape of Major Players Operating in Global LED Lighting Market

The LED Lighting market is highly fragmented and competitive market with leading 10 players capturing less than ~% of the market share in 2019. Major players present in the market are Signify, OSRAM, GE Lightings, Acuity Brands, Cooper Industries (Eaton), Zumtobel Group, Seoul Semiconductor, Everlight Electronics, Cree, Dialight PLC and others. New product developments, improvements in the existing product line, and mergers and acquisitions are some of the strategies adopted by the key players to maintain their market share. Frequent introduction of new LED products, rapid changes in technology, changing customer requirements, short product life cycles and prices of similar technology by various companies are common platforms on which the competition prevails in the overall lighting market.

Global LED Lighting Market Future Outlook & Projections

The global LED Lighting market is expected to experience medium level of growth owing to growth in construction industry, increase in urban population, financial support from regulatory authorities and rise in smart city projects and infrastructure development in major global economies (US & UK) developing economies (India & China). Emerging economies in Asia Pacific and Africa are adopting solar LEDs to provide electricity in remote places, which is expected to pose lucrative growth opportunity for market players over the forecast period. However, unwillingness of small and mid-sized enterprises to replace existing lighting solutions with LED lamps is expected to restrain growth of the global LED Lighting market during the forecast period.

Key Segments Covered:-

By Type of LED

Luminaires

Lamps

By Type of LED Luminaries

Troffers

Downlights

High Bay

Outdoor Area Lights

 Roadway Fixtures

Other Luminaries

By Type of LED Lamps

A-Lamps

Tubes

Reflectors

Other Lamps

By Usage

Indoor

Outdoor

By End User

Commercial

Residential

Industrial

Others

By Distribution Channel

Retail Sales

Project Sales

By Region

Asia-Pacific

North America

Europe

Latin America

Middle East and Africa

Companies Covered:-

Signify

OSRAM

GE Lighting

Acuity Brands

Cooper Industries (Eaton)

Zumtobel Group

Seoul Semiconductor

Everlight Electronics

Cree Inc.

Dialight PLC

Syska LED

Bajaj Electricals

Panasonic

PT. Honoris Industry

Solarens Ledindo

PT. Holz International Technology

Firefly Electric and Lighting

Yatai International

Akari Lighting & Technology

TCP Holdings

Hubbell Incorporated

Felio Sylvania

Nikkon

NVC Lighting

National Lighting Company

Al Nasser Group

Key Target Audience:-

LED Lighting Manufacturers

LED Lighting Suppliers

LED Lighting OEMs/Assemblers

LED Lighting Importers/Exporters

Research organizations and consulting companies

Government bodies such as regulating authorities and policy makers

Market research and consulting firms

Time Period Captured in the Report:-

Historical Period – 2014-2019

Forecast Period –2019-2025F

Key Topics Covered in the Report:-

Executive Summary

Opportunity Landscape in Global LED Lighting Market

LED penetration in General Lighting Market

 Key Market Drivers in the Global LED Lighting Market

Global LED Lighting Market Introduction and Overview

Industry Life Cycle of LED Lighting Market

Value Chain of Global LED Lighting Market

Demand & Supply Side Ecosystem, Preferences & Trends across Global LED Lighting Market

Global LED Lighting Market by Revenue

Global LED Lighting Market by Type

Global LED Lighting Market by Usage

Global LED Lighting Market by End Users

Global LED Lighting Market by Regions (APAC, Europe, North America, Latin America and Middle East)

Competitive Factors and Assessment in various regions

Market Trends and Development

Market Issues and Challenges

Government Rules and Regulations

Global LED Lighting Market Competition

Global LED Lighting Market Future Outlook

Upcoming Technologies in the Lighting Market

Analyst Recommendations

For more information on the research report, refer to below link:-

Global LED Lighting Market

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UAE LED Lighting Market Outlook To 2023- By LEDs Lamps (LED Reflectors, LED Tubes, Others); Luminaires (Downlights, Troffers, Outdoor Area Lights, Roadway Fixtures, Spot Lights And Other Luminaires), By Usage (Indoor And Outdoor), By End Users

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

Increase Sales and Consumer Base with Our Retail Survey: Ken Research

 When somebody references the word ‘audit’, the main stream of people want to run for the hills. The word itself has become adverse over time and for good motive. An audit is an examination into how you are doing. It’s not a traditional audit in the intelligence that your finances are being reconnoitered however; a retail audit is virtuously an investigation to see how your store is doing and what enhancements can be made.

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Begin Scheduling to Shape Your Own Captive Data Center: Ken Research

 A data center is a physical competence that enterprises practice to house their business-critical applications and statistics. As they advance from centralized on-premises facilities to edge organizations to public cloud services, it’s imperative to think long-term about how to maintain their trustworthiness and security. However, the data centers are often denoted to as a singular thing, but in practicality they are composed of a number of technical elements. The data centers with us compute the memory and processing power to run the applications, commonly delivered by the high-end servers. Data center proficiency generally maneuvers on THE networks utilizing IP protocols, with dismissed connectivity supplied from more than one network communications breadwinner.

If you are looking for edge data center, none other than Ken Research is strongly committed towards actively solving rigid challenges within every stage of the Data Center Lifecycle such as Capacity Planning, Scalability Issues, Uptime, Performance Conservation and Cost. Whether you are viewing to enhance, build, buy, lease or modernize your surviving data center. In addition, Ken Research can support you on every characteristic by helping you partner with Vendors who have enormous experience in the related Service Offering. We convey a detailed design that is customized to meet your exhaustive technology and data center purposes and design each explanation to be energy competent.

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Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Global Pupillometer Market Research Report: Ken Research

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Global Pupillometer Market is valued approximately at USD 363 million in 2019 and is anticipated to grow with a healthy growth rate of more than 5.2% over the forecast period 2020-2027. Pupillometer is the ocular checking instrument typically used in critical care medicine and ophthalmology for measuring the distance between pupils and pupil reactivity. A pupil evaluation is generally based on getting the pupillary information that can be extensively used as an indication for potential medical intervention and patient management. Variation in the evaluation indicates damage to the nerves from injuries, trauma, and/or drug use. Pupillometer is a non-invasive and safe assessment diagnosis procedure of pupil and is mostly used in the assessment of neurological disorder. As the changes in brain activity have a direct impact on pupil dilation. An increase in the prevalence of neurological diseases such as Parkinson's disease, growing awareness among patients towards eye diseases, and rising adoption of information technology in the new product development are the few factors responsible for the CAGR of the market during the forecast period. According to the study of Global Burden of Disease 2015, it is estimated that the prevalence of Parkinson's to be approximately 6.2 million people worldwide in 2015 and it would reach approximately 13 million people with Parkinson's by 2040. Also, numerous Parkinson's disease Foundations reveals that approximately 60,000 Americans are diagnosed with Parkinson's disease every year. This is likely to accelerate the demand for pupillometer all over the world. However, the high cost of the device and lack of skilled professionals are the few factors impeding the market growth over the forecast period of 2020-2027.

The regional analysis of the global Pupillometer market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the rising prevalence of vision-related health problems and neurological diseases, along with the wide presence of market players in the region. Whereas Asia-Pacific is anticipated to exhibit the highest growth rate / CAGR over the forecast period 2020-2027. Factors such as the increasing awareness regarding the ophthalmic disease and improving healthcare infrastructure in the developing nations, such as China and India, are the few factors creating a lucrative opportunity for the growth of the pupillometer market in the Asia-Pacific region.

Major market player included in this report are:

NeurOptics, Inc.

Adaptica

Essilor Instruments USA

Haag-Streit Group

Johnson & Johnson Vision

Luneau Technology Group

Nidek Co., Ltd.

Reichert Technologies

Schwind eye tech solutions GmbH

Konan Medical USA, Inc.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:

Video

Digital

By Mobility:

Table-top

Hand-held

By Application:

Ophthalmology

Oncology

Neurology

Others

By End-User:

Hospitals

Eye Clinics

Others

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of the World

Furthermore, years considered for the study are as follows:

Historical year-2017, 2018

Base year-2019

Forecast period-2020 to 2027

Target Audience of the Global Pupillometer Market in Market Study:

Key Consulting Companies & Advisors

Large, medium-sized, and small enterprises

Venture capitalists

Value-Added Resellers (VARs)

Third-party knowledge providers

Investment bankers

Investors

For More Information on the Research Report, refer to below links: -

Global Pupillometer Market Growth

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Develop The Market Share And Build Inimitable Brand Equity With Ken Research

 Putting your business in front of the right individuals is perhaps the hardest thing you’ll ever do. While numerous individuals visit your website every day, few ever generate their manner back. And that’s how most services are disremembered.

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Best Lead Generator in India

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Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Stop Wasting Time And Get Recruited Anywhere Around The Globe: Ken Research

 You have obtained your degree with a lot of hard work, and now searching for an effective career. However, the foremost step of your career is very essential and equally not convenient. It is essential as it is your foremost job. And it is not convenient as you may have rejection fear even though you are well prepared for your interview. So, is it an accurate manner to take the help of a recruitment agency to find your dream job? How these recruitment agencies will support you? Is there any other profit of hiring such agencies for your dream job? Hence, Ken Research is there for helping you out and to find the most benefitting corporate.

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Increase in Preference for Rental vehicle to Drive Car Rental and Subscription Market: Ken Research

Car rental is an agency that rent automobiles for short period of time at a certain cost. This agency is often organized with many local branches, which are generally located busy areas in the city, near airports. All the process for instance matching rider with drivers, ride payment, fare estimation & calculation, and reputation management are done by using mobile or smart phones with mandatory internet connectivity.

Customers pay a monthly fee to choose from different vehicle classes of car including small & mid-sized SUVs, full-size & premium sedans, and small & medium-sized trucks. Customers can pay for that vehicle up to four times per month. There are many subscription services for car rental reports including insurance, regular inspection & maintenance, doorstep vehicle delivery, vehicle tax, tire replacements and more. Moreover, on-demand services include passenger vehicles, taxis, and charter vehicles with flexibility & other features such as tracking of vehicles, real time feedback, and rating to end customers. Cars availability and comparison of fare with the correspondent car rental companies are facilitated by various mobile applications. Such car rental services allow customers to make use of various functions. Thus, increase in trend of on-demand transportation services is driving the growth of global car rental market.

Key factors such as growth in trend of on-demand transportation services and low rate of car ownership among millennials drive growth of the car rental market. However, low rate of internet penetration in developing regions may impact the market growth. Moreover, rise in adoption of car rental management software is projected to provide lucrative growth opportunities for the key players operating in the car rental market.

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Global Organic Bakery Products Market Research Report: Ken Research

 Major players in the organic bakery products manufacturing market are Flower Foods, Inc., Hain Celestial Group (Rudi's Bakery), Manna Organics LLC, Toufayan Bakery, Inc, Mestemacher GmbH, United States Bakery, Alvarado Street Bakery, Flowers Food (US), Natures Bakery Cooperative, and New Horizon Foods, Inc.(US).

The Global Organic Bakery Products Market is expected to grow from USD 9.5 billion in 2019 and to USD 9.7 billion in 2020 at a growth rate of 2.5%. The slow growth in 2020 is mainly due to the economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to grow and reach USD 11.61 billion in 2023 at CAGR of 6.06%.

The organic bakery products manufacturing market consists of sales of organic bakery and related products. Organic bakery products are made using organic ingredients such as wheat gluten, milk, butter, honey, eggs, oils, starch, sugar, spices, raisins, cereals, grain flours and meat-based ingredients. To meet the requirements of organic certification the manufacturers produce organic bakery products as per the set guidelines of the food safety organizations of their respective countries.

Europe was the largest region in the organic bakery products market in 2019.

Certifying and labeling organic bakery products follows very strict and unwavering guidelines and is hampering the growth of the organic bakery products market. For a product to be considered certified organic, the product must not be produced using any genetic engineering, irradiation, and must be comprised solely of ingredients included on the National List of Allowed and Prohibited Substances. For instance, in United States, the production of organic bakery products must be overseen by the United States Department of Agriculture National Organic Program. Therefore, following all the mandatory guidelines and meeting the certification requirements will hamper the growth of the organic bakery products market.

The organic bakery products manufacturing market covered in this report is segmented by product type into bread & rolls; savory snacks; cakes & pastries; cookies & biscuits; others. It is also segmented by distribution channel into wholesalers/ distributors/ direct; supermarkets/ hypermarkets; convenience stores; online retailers; other retail formats and by category into gluten-free; sugar-free; low-calories.

The use of innovative technology for enhanced taste and flavor is the trend in the organic bakery products manufacturing market. The rising preference for organic bakery products among consumers, owing to their health benefits is motivating manufacturers to use innovative technology and methods to offer new organic bakery products with enhanced taste and flavor. The manufacturers are trying to study new methods to increase the shelf-life of the products such as the use of natural preservatives along with enhanced taste till the time of consumption.

In December 2018, Flowers Foods, Inc., U.S. based largest producer of freshly packaged bakery food announced the acquisition of Canyon Bakehouse LLC, a private company engaged in manufacturing gluten-free baked products based in Johnstown, Colo for an undisclosed amount. The acquisition is expected to add Canyon's gluten-free innovative products to Flowers Foods's product portfolio, in order to expand the company's consumer base.

Increasing consumer preferences towards healthy ingredients is a major driver for the organic bakery products market. The growing urbanization is leading to hectic lifestyles and unhealthy eating options which has resulted in lifestyle disorders and deterioration of health of the consumers. Therefore, changing consumer preference is forcing manufacturers to switch to the use of organic ingredients such as organic baking powder, gluten-free powder, and aluminum-free baking powder. Moreover, the rising disposable income of the population is expected to contribute to the higher demand for organic bakery products in the near future. According to Trading Economics, the disposable personal income in India increased to USD 2,971,770 million in 2019 from USD 2,964,090 million in 2018.

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Global Organic Bakery Products Market

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Future Growth of Smart TV Market Outlook: Ken Research

 Major players in the smart TV market are Sony Corporation, LG Electronics, Inc, TCL Corporation, Koninklijke Philips N.V., Haier Electronics Group Co., Ltd, Panasonic Corporation, Samsung Electronics, Apple Inc., Toshiba Corporation, and Hitachi Ltd.

The Global Smart TV Market is expected to grow from USD 176.7 billion in 2019 and to USD 181.6 billion in 2020 at a growth rate of 2.78%. The slow growth in 2020 is mainly due to the economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to grow and reach USD 232.1 billion in 2023 at CAGR of 8.53%.

The smart TV market consists of sales of smart TV and related services that are used in homes, offices and education sectors. A smart TV is a digital TV that is basically an entertainment-specific, internet-connected, storage-ware device.

Asia Pacific is expected to be the fastest growing region in the smart TV market in the forecast period.

In August 2019, Samba TV, a San Francisco-based company, provider of global TV data and audience analytics acquired Axwave Inc. for USD 30 million. This acquisition strengthens Samba's market-leading understanding of global television advertising and improves the company's ability to cross-platform monitor scope, frequency and conversion to real-world business results, including tune-in. Axwave, Inc., a California-based company, leading platform for real-time audio content recognition, and an international software development company that developed a proprietary fingerprinting-based automatic content recognition (ACR) technology.

The smart TV market covered in this report is segmented by product type into 4K UHD TV; Full HD TV; HDTV; 8K TV. It is also segmented by panel type: LCD; LED; OLED; QLED and by end user into home; offices; education institutions; other.

The taxation of smart TV's is a key factor hampering the growth of the smart TV market. Television is the only group in which two Goods and Services Tax (GST) levels apply. Television sales of up to 32 inches are falling, accounting for 55 percent of overall sales in 2019 compared to 75 percent two years ago as consumers want to buy bigger displays, customers are delaying purchases anticipating a tax cut. For instance, in India, smart TVs are put under the highest tax slab of the Goods and Services Tax, with customers paying 28% of the already exorbitant prices at which TVs are priced. Therefore, the taxation of smart TV's is expected to limit the growth of the smart TV market.

The 8K TV is a key trend in the smart TV market. The 8K TV sets have 33 million pixels, compared to 8 million pixels in a 4K package. All those millions of extra pixels provide clearer, more accurate images than the 4 K UHD TVs. The 8K Ultra HD doubles the 4K Ultra HD resolution, and it is 16 times the full HD resolution. In 2020, LG unveiled three new 8K versions and this year, Samsung tripled its 8K QLEDs. Therefore, TV manufacturers are gradually promoting 8K TVs as their 2020 flagship sets.

The rising popularity of video-on-demand service is a key factor driving the growth of the smart TV market. Video on Demand (VoD) is one of the innovative features that Internet Protocol TV (IPTV) gives. VoD gives consumers a range of available videos to choose from. The video is transmitted via the Real-Time Streaming Protocol. In the recent years VOD has gained tremendous popularity, this has resulted in higher smart TV adoption rates. For instance, in 2019, US providers were the pioneer of VoD users. Amazon Prime Video came at first with 72%, Netflix was second with 63%. In 2019, 53% of users spent more than USD 11 a month on streaming services, in 2018 the figure was only 43%. Therefore, the rising trend of video-on-demand service is expected to drive the growth of the smart TV market.

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Global Smart TV Market

Related Reports:-

Global Smart TV Market to reach USD 1488 billion by 2027

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