Bright future for LED lighting market
A study by Grand View Research Inc. reveals that, by 2028, the global smart lighting market is expected to reach $46.9 billion and post a compound annual growth rate (CAGR) of 20.4 per cent in the 2021-2028 period. Research and Markets, meanwhile, said Vietnam’s LED lighting market is growing strongly and will reach over $1 billion by 2026.