TrendForce 2024 Global LED Lighting Market Analysis

Login | Register | Management | Member Center | Contact Us CN TW EN

Micro LED LED lighting Osram Macroblock

2024-02-02

TrendForce: Global LED Lighting Market Value Likely to Increase 4% To USD 60.9 Billion in 2024

According to TrendForce’s latest market research report "TrendForce 2024 Global LED Lighting Market Analysis-1H24", the lighting market demand in 2023 did not experience the expected rebound due to numerous factors. TrendForce once again revised down the LED lighting market value for 2023 to USD 58.5 billion (-5% YoY). In 2024, about 5.788 billion LED lamps and luminaires will reach their service life limits and be phased out, leading to a considerable demand for second-time replacements. This is expected to reverse the declining trend in the LED...

Continue reading →

<a href='//www2.ledinside.com/www/delivery/ck.php?n=a1cc0efc&cb=55056520' target='_blank'><img src='//www2.ledinside.com/www/delivery/avw.php?zoneid=91&cb=55056520&n=a1cc0efc' border='0' alt='' /></a>	<a href='//www2.ledinside.com/www/delivery/ck.php?n=a1519ec7&cb=15775395' target='_blank'><img src='//www2.ledinside.com/www/delivery/avw.php?zoneid=92&cb=15775395&n=a1519ec7' border='0' alt='' /></a>
<a href='//www2.ledinside.com/www/delivery/ck.php?n=a58b2f80&cb=32442094' target='_blank'><img src='//www2.ledinside.com/www/delivery/avw.php?zoneid=93&cb=32442094&n=a58b2f80' border='0' alt='' /></a>	<a href='//www2.ledinside.com/www/delivery/ck.php?n=a4a5ff6b&cb=37210999' target='_blank'><img src='//www2.ledinside.com/www/delivery/avw.php?zoneid=94&cb=37210999&n=a4a5ff6b' border='0' alt='' /></a>
<a href='//www2.ledinside.com/www/delivery/ck.php?n=a8800a75&cb=62381826' target='_blank'><img src='//www2.ledinside.com/www/delivery/avw.php?zoneid=95&cb=62381826&n=a8800a75' border='0' alt='' /></a>	<a href='//www2.ledinside.com/www/delivery/ck.php?n=afc4584f&cb=29108270' target='_blank'><img src='//www2.ledinside.com/www/delivery/avw.php?zoneid=96&cb=29108270&n=afc4584f' border='0' alt='' /></a>

FEATURED PRODUCTS

XLamp® Horizon Horticulture LEDs

New XLamp® Horticulture LEDs reduce height between lighting and plants to provide more uniform lighting and lower costs Horticulture and other forms of agricultural lighting require application-tuned ratios of spectral content, high effica... READ MORE

XLamp® S Line Horticulture LEDs

New XLamp® S Line LEDs enhance growth, last longer, lower energy costs Horticulture and other forms of agricultural lighting require application-tuned ratios of spectral content, high efficacy and long lifetimes. Whether you are interest... READ MORE

PRESS RELEASE