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DeutscheThe global LED curtain lights market is set to grow by USD 478.74 million during 2020-2024. Technavio segments the LED curtain lights market by distribution channel (offline and online) and geography (Europe, North America, APAC, South America, and MEA). The report identifies the increase in adoption of energy-efficient light sources as one of the major factors propelling the market growth.
The growing concerns over carbon emissions have increased the demand for efficient lighting solutions such as LEDs that reduce energy consumption. Besides, governments across the world are encouraging the use of LED lights through various initiatives and awareness programs. Moreover, the declining cost of semiconductor chips and other components used in the manufacture of LEDs has increased the affordability of LED lighting systems. Many such factors are expected to foster the growth of the global LED curtain lights market during the forecast period.
The offline distribution channel segment will witness lucrative growth during the forecast period. The availability of trained personnel who can provide accurate information on various lighting products on offer will be crucial in driving the demand for LED curtain lights solutions in offline retail stores. In addition, the proliferation of hypermarkets, supermarkets, convenience stores, clubhouse stores, and department stores will contribute to the growth of the segment.
The growing concerns over carbon emissions have increased the demand for efficient lighting solutions such as LEDs that reduce energy consumption. Besides, governments across the world are encouraging the use of LED lights through various initiatives and awareness programs. Moreover, the declining cost of semiconductor chips and other components used in the manufacture of LEDs has increased the affordability of LED lighting systems. Many such factors are expected to foster the growth of the global LED curtain lights market during the forecast period.
The offline distribution channel segment will witness lucrative growth during the forecast period. The availability of trained personnel who can provide accurate information on various lighting products on offer will be crucial in driving the demand for LED curtain lights solutions in offline retail stores. In addition, the proliferation of hypermarkets, supermarkets, convenience stores, clubhouse stores, and department stores will contribute to the growth of the segment.
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