When the global economy is declining due to the epidemic, und andere Faktoren,
When the global economy is declining due to the epidemic, und andere Faktoren, how will be the market prospect of LED lights? As a professional LED lights manufacturer, we still keep confidence.
The LED lighting market size is estimated to be USD 75.3 Milliarden in 2022 and is projected to reach USD 124.7 Milliarden von 2027, at a CAGR of 10.6% während des Prognosezeitraums.
The booming lighting industry contributes most to the rising demand for energy-efficient products and modifications in the existing lighting products using LED technology. Darüber hinaus, technological innovations and rising environmental concerns have further accelerated the growth of LED lighting market. Competitive manufacturing costs, high economic growth rate, and large-scale industrial constructions in residential and commercial segments are some of the other major factors driving the growth of the LED lighting market.
