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 weig

2026-08-14

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.