The global led tube market size accounted for USD 8,203 million in 2024 and is expected to exceed around USD 22,263 million by 2034, growing at a CAGR of 10.5% from 2024 to 2034.
The LED tube market is the market for light-emitting diodes, which are kinds of LED lamps that can replace conventional fluorescent tubes into fluorescent tube luminaires. These tubes are becoming more popular because of their several benefits over fluorescent tubes. Such as energy efficiency, lifespan, safety, brightness, versatility, and lightweight nature. Increasing focus on smart city projects globally is the key factor driving growth of the market. The smart city projects emphasize energy conservation and efficiency of the environment which results in a better future.
Increasing demand for energy-saving lighting systems along with the stringent government regulations is propelling the adoption of innovative LED tubes extensively. Governments in several countries have decided to phase the incandescent light bulbs to replace them with LED tubes. Furthermore, the development of innovative lights by the key manufacturers with improved features like enhanced color rendering, dimmability, higher lumen output, and compatibility with other lighting systems has boosted the growth of the LED tube market.
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| Stats ID: | 7062 |
| Format: | Databook |
| Published: | December 2024 |
| Delivery: | Immediate |
| Stats ID: | 7062 |
| Format: | Databook |
| Published: | December 2024 |
| Delivery: | Immediate |
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