LED Lighting Market Trends 2024 : To Exhibits Remarkable Growth by 2032.
Market Overview:
According to MRFR analysis, The LED lighting market industry is projected to grow from USD 64.38 Billion in 2022 to USD 135.36 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 11.20% during the forecast period (2022 - 2030). LED or light emitting diodes are semiconductor devices that discharge light, when an electric current passes through it, as the light carrying particles combine together. LED lights give an energy efficient lighting solution compared to radiant lights, offering 25 times longer durability with use of 75 lesser energy.
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Market Overview:
According to MRFR analysis, The LED lighting market industry is projected to grow from USD 64.38 Billion in 2022 to USD 135.36 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 11.20% during the forecast period (2022 - 2030). LED or light emitting diodes are semiconductor devices that discharge light, when an electric current passes through it, as the light carrying particles combine together. LED lights give an energy efficient lighting solution compared to radiant lights, offering 25 times longer durability with use of 75 lesser energy.
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