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Global Industry Trends for Led Lighting Market

2022-02-10

The global led lighting market was valued at 55201 million ,and it is expected to reach $92.40 Billion by 2022 .at a compound annual growth rate of 10.7% from 2020 to 2030.


An estimated saving in electricity costs and carbon dioxide emissions can be achieved by energy-efficient lighting solutions.


Governments of many countries(such as China, India, Indonesia) are active in pay attention to modernize their infrastructure,thus raise the requirement for led lighting,LED Outdoor Light,Indoor Light.

The need for energy saving increasing across the worlds, which is creating scope for the market.


Countries in the world are widely use led lighting,for example, New York replace streetlights Outdoor Light,Barcelona deployed smart streetlights base on led technology.


Moreover,continuoously reduced price and smart lighting solutions, and updated energy policeies in the world, are expected to provide growthing for the market.

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