According to a study by the Irish marketing institute Research & Markets “   from Dublin, the industrial lighting market is expected to reach a volume of USD 13.17 billion (EUR 11.14 billion) by 2023 .......

an annual growth rate of 7.82% between 2017 and 2023.   (The market was valued at USD $ 7.59 billion (EUR 6.42 billion) in 2016, which would represent an increase of over 70% by 2023.)