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Report Overview
The global LED curtain lights market attained a value of USD 2.11 Billion in 2023. The market is estimated to grow at a CAGR of 2.80% during 2024-2032 to reach a value of USD 2.71 Billion by 2032.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
- As of 2023, there were roughly 187,000 hotels worldwide, and the hospitality sector is expanding due to the increasing number of tourists in recent years.
- LEDs last up to 100,000 hours and use 90% less energy than a traditional filament set of lights.
- The significant festival-going culture is supporting the market growth. According to European Festivals Association, around 900 music festivals are planned for 2024 in Europe.
LED Curtain Lights Market Analysis
The increased demand for energy-efficient lighting alternatives that consume low power, resulting in reduced electricity bills, is driving the demand for the product and, thus, aiding the growth of the overall LED curtain lights market. With the shifting consumer preference, the demand for LEDs over conventional lighting, such as incandescent lamps and compact fluorescent lamps (CFLs), is growing owing to LED’s increased effectiveness, reliability, and lifespan. In addition, products for LED lighting can be remotely regulated via the wired or wireless protocol. These benefits of LED lighting in residential and commercial applications are boosting its acceptance.
The growing acceptance of energy-efficient light sources will be a significant factor responsible for the development of the market over the forecast period. The rising adoption of LED curtains lights by hospitality players like restaurants and food outlets for outdoor and indoor decorations is expected to drive the growth of the market. The easy availability of LED curtain lights through online retail channels at more affordable prices is expected to drive the growth of the market further.
LED Curtain Lights Market Report Snapshots
LED Curtain Lights Market Size
LED Curtain Lights Market Growth
LED Curtain Lights Market Trends
LED Curtain Lights Market Share
LED Curtain Lights Market Analysis
LED Curtain Lights Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market is estimated to grow at a CAGR of 2.80% during 2024-2032.
The factors driving the market growth are increasing expenditure on decorative lights during festivals, expansion of online channels, rising integration of new technologies, and government ban on the use of CFLs.
The key market trend guiding the industry growth includes the rising adoption of LED curtains lights by hospitality players like restaurants and food outlets for outdoor and indoor decorations.
The key regional markets for LED curtain lights are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The types include monochromatic and multicolour.
The distribution channels include online and offline.
The key players in the market include Govee Moments Trading Limited, Ledworks S.r.l, LASER Corporation, Orient Electric, and Minetom, among others.
The global market for LED curtain lights reached a value of USD 2.11 Billion in 2023.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of USD 2.71 Billion by 2032.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124