Growing Demand for LED Lighting Observed as Key Trend of Ambient Lighting Market
Owing to the rapid adoption of smart lights, the global ambient lighting market is expected to reach $156.5 billion in 2030, from $60.8 billion in 2019, at a 9.2% CAGR between 2020 and 2030, according to the market research study published by P&S Intelligence. As a result of the Industry 4.0 revolution, advent of the internet of things (IoT) technology, and need to save energy, the usage of light-emitting diodes (LED) lights is increasing. These factors have led to the...
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