The global LED modules and light engines market is positioned for significant growth over the next decade. Valued at approximately US$ 43.7 billion in 2023, the market is driven by increased adoption across diverse sectors, particularly industrial and residential. The market is set to expand at a compound annual growth rate (CAGR) of 11.3% through …
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LED Modules and Light Engines Market is projected to grow at a CAGR of 11.2% between 2022 and 2032
In 2022, the market for LED modules and light engines is anticipated to be worth US$ 39,876.4 Million. Due to their wide range of applications, from the industrial to residential sectors, LED modules and light engines as a market have gained traction recently. Devices with LEDs on printed circuit boards and driver ICs are referred to as …