LED Bulbs Market - Evolving Industry Trends and key Insights by 2025

LED bulbs are electric lamps that produce light through light emitting diodes and are used in lighting fixtures. These contain a cluster of LEDs, which are mounted on a single base and are packed in diffuser lenses in order to spread light across a defined space. 

The global LED bulbs market is expected to expand at a significant growth rate owing to the strict regulation norms regarding the banning of inefficient light bulbs. In some regions, governments have passed laws that restrict the usage of incandescent bulbs for general lighting purposes, thereby replacing them with more efficient bulbs.

However, lower awareness and dominance of fluorescent bulbs amongst the users are likely to hamper the LED bulb market. LED bulbs have a higher purchase price than other lamps; however, they require less operational costs due to high durability and reduced energy consumption. 

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In terms of product, the global LED bulb market can be classified into general purpose LEDs, specialty LEDs, decorative LEDs, and others. Increasing demand for LED bulbs in general purpose lighting is expected to increase at a significant pace during the forecast period. Decorative LED lamps are employed primarily in residential lighting applications such as pools, gardens, statues, and fountains. These are also utilized for functional applications such as landscaping and building facades.

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