LED Lighting Market Projected to Grow at a CAGR of 12.1%, Reaching US$ 228.16 Billion

The global LED lighting market is projected to grow significantly, with an estimated value of $102.50 billion in 2025 set to soar to $228.16 billion by 2032, reflecting a compound annual growth rate (CAGR) of 12.1%. A recent report by Coherent Market Insights provides a comprehensive analysis of the market’s growth prospects, examining key trends, drivers, and challenges that could shape its future. It highlights major players in the industry, such as Philips Lighting and Samsung Electronics, and offers insights into various product types and applications, including residential, commercial, and industrial uses. The report also carefully analyzes the competitive landscape and identifies emerging opportunities and risks, making it a vital resource for stakeholders looking to navigate the evolving market environment.

LED Lighting Market Projected to Grow at a CAGR of 12.1%, Reaching US$ 228.16 Billion

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