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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.
Global LED Curtain Lights Market Trends
The disadvantages of CFLs, such as extensive energy consumption compared to LEDs and the presence of mercury that is hazardous to humans along with the environment if not disposed of properly, have contributed to their undesirability among the population. In December 2022, the USA’s federal government proposed regulations for phasing out CFLs by 2025 as part of its climate change strategy.
By integrating advanced connectivity technologies such as Bluetooth and Wi-Fi, people can control lighting through online applications. The integration of chips and connectivity modules allows consumers to remotely perform several tasks such as dimming, turning lights on/off, choosing brightness and colour, and ensuring efficient energy management.
Commercial establishments, such as restaurants, hotels, office buildings, shopping centers, and pubs employ LED curtain lights for various events to improve their ambiance, benefiting from their long lifespan and low energy consumption. As new buildings, shopping centers, hotels, restaurants, and entertainment venues are constructed, the demand for innovative and energy-efficient lighting solutions like LED curtain lights increases.
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