The LED lighting market has seen a massive surge in demand over the last decade, and 2024 is shaping up to be a pivotal year for this industry. With increasing focus on energy efficiency and environmental sustainability, LED lighting is becoming the go-to solution for both residential and commercial sectors worldwide. Let’s explore the trends, growth opportunities, and what the future holds for LED lighting in 2024. What is Driving the Growth of LED Lighting in 2024? The growing demand for energy-efficient lighting solutions is the primary driver behind the expansion of the LED lighting market. As global energy consumption continues to rise, businesses and consumers are looking for ways to reduce energy costs. LEDs offer significant savings, using up to 85% less energy compared to traditional incandescent bulbs, making them an attractive alternative for both homes and businesses. Additionally, governments and regulatory bodies are enforcing stringent environmental standards, push...