Solid State Lighting Market: To reach USD 117.5 Bn by 2030, at a CAGR of 13.51 % by 2030

According to the MMR, it is estimated that by 2030, solid state lighting can reduce the global amount of electricity used for lighting by 50%. Solid state lighting is the most disruptive technology to hit the lighting industry. The reduced energy use from solid state lighting leads to a significant decrease in greenhouse gas emissions from power plants that contributes to combating climate change and creating a cleaner environment.