Report ID: SQMIG45J2152
Report ID:
SQMIG45J2152 |
Region:
Global |
Published Date: December, 2024
Pages:
165
|
Tables:
63 |
Figures:
75
Asia Pacific accounted for a revenue share of over 42.8% in 2021 and is anticipated to witness the highest growth in the coming years. The increased demand for LED lighting solutions from major nations like China, India, Japan, Australia, and South Korea is one of the main drivers of the LED lighting market's expansion in Asia Pacific. Similar to this, the expansion of the LED Lighting Market in the region is also fueled by the rising number of construction projects in the residential, commercial, and industrial sectors of developing economies in Asia and the Pacific, especially Southeast Asian nations.
China is anticipated to dominate the Asia Pacific market due to its quick industrialization, growing infrastructure, and rising standard of life for its people. Additionally, the expansion of the industry is projected to be fueled by rising government spending on public infrastructure and a steady uptick in construction projects for commercial telematics and industrial buildings.
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Report ID: SQMIG45J2152