TrendForce: Global Lighting LED Market Value Likely to Increase 4% To USD 6.38 Billion in 2023

Summary:   Chapter 1. Global Lighting Market Trend •       TrendForce LED Lighting Market Scale- Methodology •       TrendForce LED Lighting Market- Product Definition •       TrendForce LED Lighting Market Product Definition- Lamps •       TrendForce LED Lighti........

According to TrendForce’s latest market research report “TrendForce 2023 Global LED Lighting Market Analysis-1H23”, the global LED lighting market value shrank to USD 61.4 billion in 2022 with a 5% YoY decline due to numerous factors. Entering 2023, the market demand will likely recover thanks to the continue energy-saving revamp projects across Europe, the US, and Japan, upcoming LED replacement peak, and rapidly rising demand for high-quality, human-cent........
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