The LED (Light Emitting Diode) industry has been at the forefront of lighting technology, offering energy-efficient and long-lasting solutions for a variety of applications. As of 2023, the global LED lighting market size was estimated at USD 81.48 billion, with a projected compound annual growth rate (CAGR) of 11.0% from 2023 to 2030, reaching an anticipated value of USD 168.87 billion by 2030.
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