Market Size, Sector Expansion, and Future Prospects

Coherent Market Insights has published a comprehensive research study on the LED Lighting Market projected from 2024 to 2031, revealing significant growth potential within the industry. Valued at approximately USD 91.43 billion in 2024, the market is expected to reach USD 201.01 billion by 2031, with a compound annual growth rate (CAGR) of 11.9%. The report explores key drivers, constraints, and emerging opportunities, emphasizing the impact of advanced technologies such as data analytics and AI on market competitiveness. It also highlights the major players within the sector, including Acuity Brands and Philips Lighting, and provides detailed segmentation by product type and application. Ultimately, the study aims to equip stakeholders with valuable insights for strategic decision-making and growth in this rapidly evolving market landscape.

Market Size, Sector Expansion, and Future Prospects

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