New Report Forecasts the Revenue of the Global LED Chip Market to Grow Nearly 13% Annually
An LED chip is a core component of the LED lighting system and is used as a base for the LED lighting device. LED chips are responsible for luminous efficacy, color, and brightness. These are highly energy-efficient and produce low carbon emissions compared to traditional technologies such as incandescent and halogen lighting. LED chips are seeing increasing demand, especially in the general lighting segment, which is growing year-on-year.
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