According to the latest TrendForce report “2025 Global LED Lighting Market Trend- Database and Player Strategies”, in 2024, the LED general lighting market experienced negative growth as sluggish demand in key regions across Europe, the United States, and China weighed on performance, leading to overall revenue declines among leading lighting companies. In contrast, the LED smart lighting and niche LED horticultural lighting segments showed countertrend growth. Toward 2025, the LED general lighting market is expected to rebound, driven primarily by ...