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The lighting market size is projected to increase by USD 54.76 billion at a CAGR of 6.89% between 2023 and 2028. The growth trajectory is propelled by substantial government support, incentive programs, and declining manufacturing costs for LEDs. Regulations governing road safety are stringent and necessitate the adoption of technologies such as industrial lighting that improve illumination and minimize accidents in both commercial and industrial sectors. The need for energy-efficient alternatives, such as LEDs, is projected to escalate as governments emphasize safety and sustainability in their policies.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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