Global High Brightness (HB) LED Market Size Forecast To Be Worth Close To USD 30 Billion By 2025
The global high brightness (HB) LED market value is anticipated to reach USD 29.44 billion in 2025 owing to growing number of LED applications in various sectors such as automobile, consumer electronics, manufacturing, advertising and others. Additionally, technological advancements in LED technology have led to a substantial decrease in the costs which, in turn will have a positive impact on the overall high brightness (HB) LED market. High brightness (HB) LEDs are power & cost efficient, robust and have more lifespan than other lighting types. They save up to 50% to 70% of energy over traditional technologies and have almost negligible maintenance costs thus, driving the interests of many industries especially, heat sensitive applications such as food illumination and textile.
★
★
★
★
★
65 views • 5 slides