Posted 3/12/2024, 1:37:00 PM
Lighting Fixture Market to Surpass $233 Billion by 2030, Led by Asia Pacific's Energy-Efficient LED Adoption
- Global lighting fixture market revenue to exceed $233 billion by 2030, driven by demand for energy-efficient LED lighting
- Commercial sector leading lighting fixture demand due to widespread use in workplaces, stores, and hospitals
- Asia Pacific holds largest market share, propelled by government support for energy-efficient lighting in emerging economies
- North America sees rapid growth fueled by demand for wireless lighting fixtures and digital workplaces
- LED and OLED technologies gaining ground over fluorescents due to energy efficiency regulations and smart technology integration