Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 52.35 Billion | USD 108.19 Billion | 7.53% | 2024 |
FrequentlyAsked Questions
The global solid-state lighting market is expected to grow due to energy efficiency, long lifespan, and supportive government regulations promoting LED adoption.
According to a study, the global solid-state lighting market size was worth around USD 52.35 Billion in 2024 and is expected to reach USD 108.19 Billion by 2034.
The global solid-state lighting market is expected to grow at a CAGR of 7.53% during the forecast period.
Asia-Pacific is expected to dominate the solid-state lighting market over the forecast period.
Leading players in the global solid-state lighting market include Philips Lighting, Osram Licht AG, Samsung Electronics, GE Lighting, Mitsubishi Electric, Eaton Corporation, Bridgelux Inc., Toshiba Lighting, Acuity Brands, Nichia Corporation, among others.
The report explores crucial aspects of the solid-state lighting market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
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