LED Lighting Industry:Development Trends:

Intelligentization: The global smart lighting market scale grew by 17.6% in 2024. In the future, more LED lighting products will be equipped with intelligent control systems, and smart home lighting products such as bulb lights and ceiling lights will experience rapid growth.

Great Potential in Plant Lighting: The market scale of LED plant lighting reached 1.315 billion US dollars in 2024 and is expected to grow to 2.056 billion US dollars by 2029, with a CAGR of 9.4% from 2024 to 2029.

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