LED Lighting Market 2024 to reach CAGR of percent by 2034: Comprehensive Overview

LED lighting market has witnessed substantial growth in recent years, driven by increasing energy efficiency awareness, government initiatives promoting sustainable energy solutions, and technological advancements. Light Emitting Diodes (LEDs) have become a preferred lighting solution across various sectors, including residential, commercial, and industrial applications, owing to their longer lifespan, lower energy consumption, and reduced environmental impact. The global LED Lighting market is projected to grow at a compound annual growth rate (CAGR) of approximately 7.8% during the forecast period (2024-2034). By the end of 2034, the market is expected to surpass a valuation of US$ 211.6 billion, driven by rising investments in smart classrooms and corporate digitalization. Request Sample Copy of Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=79613 Key players: OSRAM GmbH Cree LED, an SGH company Sumitomo Electric Indus...