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The ambient lighting market size is forecast to increase by USD 25.90 billion at a CAGR of 8.51% between 2023 and 2028. The market is experiencing significant growth due to several key drivers. Urbanization and digitization are major factors fueling market expansion, as the demand for energy-efficient lighting solutions increases in both residential and commercial applications. Government initiatives aimed at reducing electric power consumption and greenhouse gas (GHG) emissions using renewable energy are also contributing to market growth. However, the lack of common standards for LED drivers and hardware components poses a challenge to market participants. This approach not only benefits consumers by offering more choices but also supports the long-term sustainability of the market.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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