TrendForce says the global LED general lighting market could reach $60.94 bln by
2030, with a 2025–2030 CAGR of 2.6%. Short-term demand remains in an adjustment
phase as slow macro recovery, geopolitical tensions and conservative corporate
capex weigh on Europe, the US and China. Energy‑efficiency rules, retrofit
programs and net‑zero/ESG targets are pushing manufacturers away from price
compete toward higher‑value smart lighting and specialized professional
applications, prompting a product‑mix and application upgrade across the
industry.