- LED lighting stands for Light Emitting Diode lighting. It is a type of lighting technology that uses light-emitting diodes as an illumination source. LEDs are semiconductor devices that emit light when an electric current passes through them
- LED lighting is known for its energy efficiency, long lifespan, and durability compared to traditional incandescent and fluorescent lights.
- North America is expected to dominate the LED lighting market due to robust demand across various sectors
- Asia-Pacific is expected to be the fastest growing region in the LED lighting market during the forecast period due to rapid urbanization and industrialization
- Outdoor segment is expected to dominate the market with a market share of 60.5% due to its increasing development of amusement parks, parking spaces, and other public infrastructure across major economies
