Indoor Light Emitting Diode (LED) Lighting Market - Trends, Growth, with COVID19 Impact, Forecast By 2028
What is the Forecast Market Value for Indoor Light Emitting Diode (LED) Lighting Market? Growing focus on the technological advancements by the major manufacturers, rising urbanization and development of infrastructure, increasing awareness about the benefits of light emitting diodes (LED) about the environment and the durability of these lights and stringent mandates by the government regarding energy efficiency are the major factors attributable to the growth of indoor light emitting diode (LED) lighting market. Data Bridge Market Research analyses that the indoor light emitting diode (LED) lighting market will exhibit a CAGR of 10.55% for the forecast period of 2021-2028. Ø Global Indoor Light Emitting Diode (LED) Lighting Market Definition Light emitting diodes are extensively being used for both indoor and outdoor lighting purposes. These consume less energy and voltage and offer cost efficient light solutions. Light emitting diodes convert the electrical energy in