The residential sector is expected to take the major share of the market

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Moreover, trade wars have had significant economic and political consequences. For example, in April 2018, the US government, following a Section 301 investigation, proposed a list of 1,300 Chinese export products and announced a 25% tariff on these products. Later in July of the same year, the US government issued a plan to impose tariffs on $200 billion worth of Chinese products, including LED products. It should be noted that the first list of LED products included mainly intermediate products such as substrates and backlight products. These tariffs affected US companies with US factories that purchase intermediate products from China for production.



LED lighting refers to a lighting technology that uses light-emitting diodes (LEDs) as the primary light source. They are semiconductor devices that directly convert electrical energy into light australia number data through electroluminescence. LED lighting can be used for a variety of applications, including residential and commercial, outdoor, automotive, and decorative lighting.

The LED Lighting market is segmented based on application (Commercial Office, Retail, Hospitality, Industrial, Highways, Architectural, Public, Hospital, Residential, Automotive), Product Type (Lamps, Luminaires), Distribution Channel (Direct Selling, Wholesale/Retail), and Geography (North America (US, Canada), Europe (UK, Germany, France, Rest of Europe), Asia Pacific (China, Japan, India, Rest of Asia Pacific), Latin America, Middle East & Africa). The market size and forecasts for all these segmented markets are provided in terms of value (USD).