Moreover, LED-based signage can be tailored to accommodate various height and width ratios through the use of standard-size modules offered by vendors, albeit with unique form factors and connectivity options.Ī technical report by the Joint Research Center (JRC), the science and knowledge service of the European Commission, highlights the precipitous decline in LED lighting costs as a key driver behind their widespread adoption. LED-based arrays, known for their self-illuminating properties, offer adjustable sizing and configurations to fit available installation spaces. The versatility of LED lighting extends to the vertical farming industry, where customized spectra and intensity requirements for various fruits and vegetables are met. LED lighting is at the forefront of energy-efficient solutions, consuming up to 80% less energy and emitting 90% less heat than incandescent bulbs.įurthermore, LED bulbs boast an impressive ten times longer lifespan than compact fluorescent lights (CFLs) and significantly outperform incandescent lamps. LED lighting products offer numerous advantages, including environmental friendliness, energy efficiency, reduced heat emission, compact form factor, and directional lighting. Their widespread adoption in various industries, particularly in lighting and displays, has transformed the global market landscape. Light-emitting diodes (LEDs) have rapidly emerged as an energy-efficient alternative to traditional lighting sources. This impressive expansion is projected to occur at a robust CAGR of 9.1% between 20. The global LED driver market is on a remarkable growth trajectory, poised to achieve a substantial valuation of USD 91.18 billion by 2030. 14, 2023 (GLOBE NEWSWIRE) - The "LED Driver Market Size, Share & Trends Analysis Report By Luminaire Type (Reflectors, Type A Lamp), By Application (Automotive, Lighting), By Component (Driver IC, Discrete Component), By Supply Type, And Segment Forecasts, 2023 - 2030" report has been added to 's offering.
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