The global LED lighting market revenue stood at $55,201.9 million in 2020, and it will surge to $152,442.3 million by 2030, exhibiting a CAGR of 10.7% from 2020 to 2030 (forecast period), as per the estimates of P&S Intelligence, a market research company based in India. The market is being driven by the surging use of energy-efficient lighting solutions, falling costs of LED lights, and soaring infrastructure development activities across the world. With the governments of many countries, such as China, Indonesia, and India, actively focusing on infrastructure development and modernization, the requirement for LED lighting solutions and systems is surging sharply. Additionally, the governments of India, Singapore, China, Austria, and the U.A.E. are making huge investments in smart city development projects. For example, the Indian government has recently announced a smart city development project, under which, 100 cities all over the country will be transformed into smart cities b...