LED Lighting Market worth $118.4 billion by 2029 - Exclusive Report by MarketsandMarkets™
Technological advancements and decreasing production costs have made LED lighting more affordable, further stimulating market growth.
- Technological advancements and decreasing production costs have made LED lighting more affordable, further stimulating market growth.
- Moreover, the versatility of LED technology, providing options for smart lighting solutions and diverse applications across residential, commercial, and industrial sectors, contributes to the overall expansion and dynamism of the LED lighting market.
- LED lamps are expected to have a higher market share in the LED lighting market due to several compelling reasons.
- Asia Pacific is expected to account for the largest market share in the global LED lighting market by 2029.