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Panel light market size analysis in 2024: global panel light market will reach US54.705 billion
2024-10-27
AIKE Global

In recent years, the global panel light market has continued to expand. This growth trend reflects the strong demand and continued development potential of the panel light market worldwide. In addition, the ultra-thin LED panel light market has also shown a similar growth trend. Although the overall data varies from report to report, it is generally predicted that the market size will continue to expand in the next few years.

Compared with traditional LED panel lights and ceiling lights, the light of panel lights is softer and more uniform, and will not produce strong shadows. At the same time, with the improvement of people's living standards, the quality and comfort requirements of home lighting are also increasing. The adjustable brightness and color temperature of panel lights can well meet the personalized needs of home users, which makes the proportion of panel lights in the home lighting market gradually increase. The demand for panel lights in the home field has also become an important factor in the expansion of its market size. In 2020, the global panel light market size was US$34.324 billion. The "2024-2029 China Panel Light Industry Market Analysis and Development Prospect Forecast Report" is expected to reach US$54.705 billion in 2025. Large-size panel lights are subject to low yields and high manufacturing costs. It is expected that it will be difficult to form large-scale penetration in the short term.