On February 21, TrendForce Jibon Consulting released the latest report "2025 Global LED lighting market trends - Data database and manufacturer strategy", which predicts that the global LED general lighting market size will return to positive growth in 2025. In 2024, influenced by three major market demand downturn in Europe and the United States, LED general lighting market output value growth, industry head lighting enterprise revenue fell as a whole. However, LED smart lighting and niche LED plant lighting markets have bucked the trend. Looking ahead to 2025, LED general lighting market is mainly composed of the stock market the refurbishment of replacement needs, and to highlight quality, healthy and comfortable lighting and intelligent lighting products demand to promote production resume positive growth; LED plant lighting is expected to usher in the next stage of growth under the resurgence of vertical farms. TrendForce expects 2025 global LED lighting market scale will return to positive growth to $56.626 billion. In the global lighting market, the share of LED has been close to 50%, and is expected to continue to grow in the next few years.
Post time: Mar-01-2025