Retrofit - Indoor Led Lighting Market Statistics
The global retrofit indoor led lighting market size was valued at US$ 20,322.4 million in 2023 and is estimated to grow at a compound annual growth rate (CAGR) of 10.8% from 2023 to 2030.
Retrofit - Indoor led lighting market highlights
- The global retrofit segment generated a revenue of USD 20,322.4 million in 2023 and is expected to reach USD 41,749.0 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 10.4% by 2030.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, South Korea is expected to register the highest CAGR from 2024 to 2030.
Market summary
| Market revenue in 2023 | USD 20,322.4 million |
| Market revenue in 2030 | USD 41,749.0 million |
| Growth rate | 10.4% (CAGR from 2024 to 2030) |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
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Indoor LED Lighting Market Scope
Indoor led lighting market segmentation & scope
Indoor LED Lighting Market Outlook
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