Navigating the Global LED Lighting Market: Key Players and Market Dynamics
The Global LED Lighting Market is expected to reach USD 160 billion by 2030, at a CAGR of 10% during the forecast period 2022 to 2030. The key factors which contributing towards the growth of the market are the increasing demand for highly energy efficient lighting systems having low maintenance costs, more than the average life span of LED lamps than conventional lamps, high interest among consumers in high lumen low watt products, and its easy availability in different colour combinations.