Published by
Newstrail
Newstrail
According to the latest report by IMARC Group, titled “LED Bulb Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the market reached a value of US$ 6.7 Billion in 2020. The global LED bulb market size to exhibit strong growth during the next five years. LED bulbs refer to electric lamps that contain several clusters of LEDs mounted on a base. They are eco-friendly, generate lower heat output, and offer a better color rendering index (CRI). Compared to conventional bulbs, such as incandescent and fluorescent lights, LED bulbs have a longer lifespan, compa…