Rapid Adoption of Energy-Efficient Lighting Solutions Is Propelling the LED Lighting Market Growth
As per a research conducted by P&S Intelligence, the global light-emitting diode (LED) lighting market is predicted to reach a value of $262.8 billion by 2030, and is projected to progress at a 12.9% CAGR during the time period 2020–2030. The market is being driven by the reducing prices of LEDs and increasing adoption of energy-efficient solutions across the globe. On the basis of application, the market is divided into outdoor and indoor.
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