Market Outlook Highlights Growing Demand for Connected and...

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2025-09-10 19:07:08 -

Market Outlook Highlights Growing Demand for Connected and IoT-Enabled LED Lighting Solutions

The global industrial and commercial LED lighting market reached USD 56.44 billion in 2024 and is expected to grow at a CAGR of 10.3% between 2025 and 2034, underscoring the rising importance of efficient, durable, and application-specific lighting solutions across key end-use sectors. The industry’s growth is shaped by evolving product differentiation strategies, end-user adoption rates,...

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