Factors Driving Growth in the LED Neon Lights Market Posted in Business on December 6, 2024 Share FacebookTwitterPinterestWhatsApp The business Research Company has released an insightful report detailing the growth and trends in the Global LED Neon Lights Market, projecting an increase from $1.25 billion in 2023 to $1.34 billion in 2024, with a compound annual growth rate (CAGR) of 7.4%. The report highlights factors driving this growth, such as energy efficiency, customization, and rising demand in urban and home décor sectors. Additionally, it forecasts a market expansion to $1.74 billion by 2028, led by technological innovations and the growth of commercial and non-commercial buildings. Key industry players include Eaton Corporation and OSRAM Licht AG, among others. The research provides stakeholders with critical market insights, aiding in strategic decision-making and competitive advantage. Original source: https://www.openpr.com/news/3774922/led-light-emitting-diode-neon-lights-market-growth-drivers Read More Research & Technology Las Vegas Sphere’s Energy Use Equivalent to 21,000 Homes: Is Sustainability Achievable? Sports Lighting Oskaloosa Students Tackle Business Challenges in Innovation Workshop Trends Peachtree City Cinema Enhances Experience with Tivoli Lighting Upgrade Dark Sky Lighting Clear Skies, Thriving Agriculture
The business Research Company has released an insightful report detailing the growth and trends in the Global LED Neon Lights Market, projecting an increase from $1.25 billion in 2023 to $1.34 billion in 2024, with a compound annual growth rate (CAGR) of 7.4%. The report highlights factors driving this growth, such as energy efficiency, customization, and rising demand in urban and home décor sectors. Additionally, it forecasts a market expansion to $1.74 billion by 2028, led by technological innovations and the growth of commercial and non-commercial buildings. Key industry players include Eaton Corporation and OSRAM Licht AG, among others. The research provides stakeholders with critical market insights, aiding in strategic decision-making and competitive advantage.