Rapid urbanization and the expansion of smart cities are driving large-scale deployment of LED engines and drivers in street lighting, commercial buildings, and public infrastructure. Governments worldwide are also promoting LED adoption through energy-efficiency regulations and replacement programs.
Market Overview
The LED Engines and Drivers Market is witnessing significant...
The global industrial and commercial LED lighting market was valued at USD 56.44 billion in 2024 and is projected to expand at a robust CAGR of 10.3% from 2025 to 2034, driven by accelerating energy-efficiency mandates and regulatory pushes for sustainable lighting adoption. Across different regions, this momentum is shaped by varying policy frameworks, technological readiness, and market...
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