Thursday, December 26, 2024

Trends in Industry Growth for LED Lighting Drivers

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Trends in Industry Growth for LED Lighting Drivers
A new report by ResearchAndMarkets.com reveals that the global market for LED Drivers for Lighting, valued at approximately $25.8 billion in 2023, is projected to soar to $98.1 billion by 2030, driven by a compound annual growth rate (CAGR) of 21.0%. The report offers an extensive analysis of market trends, key drivers, and forecasts across various regions, including the U.S., China, and Europe. Factors propelling this growth include a global shift towards energy efficiency, the rise of smart home technologies, and increasing regulatory demands for energy-saving solutions. With significant advancements in technology enhancing the reliability and cost-effectiveness of LED drivers, the report highlights opportunities across residential, commercial, and industrial sectors, underscoring a broader commitment to environmental responsibility and energy conservation.
Original source:
https://www.globenewswire.com/news-release/2024/12/10/2994667/0/en/LED-Drivers-for-Lighting-Industry-Growth-Trends-and-Competitive-Insights-to-2030.html

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