several news stories in the lighting industry

2023-06-24 19:56

1. LED Lighting: According to a recent report, the global LED lighting market is expected to grow from $35.79 billion in 2020 to $54.28 billion by 2025, at a CAGR of 8.6%. 2. Smart Lighting: The smart lighting market is also projected to witness significant growth in the coming years. The recent trend is to integrate artificial intelligence (AI) and Internet of Things (IoT) technologies into smart lighting systems, which will make them more efficient and easier to operate. 3. Sustainable Lighting: Another important trend in the lighting industry is sustainability. More and more companies are adopting eco-friendly solutions and promoting energy-saving lighting systems.

4. COVID-19 Impacts: The COVID-19 pandemic has also affected the lighting industry. With the lockdowns and travel restrictions, there has been a significant reduction in demand for lighting products. However, with the gradual re-opening of businesses and industries, there is hope for a recovery in the near future.

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