The Ambient Lighting Market size was valued at USD 64.05 billion in 2023 and is expected to grow to USD 125 billion by 2031 and grow at a CAGR of 8.69 % over the forecast period of 2024-2031.
Ambient light is frequently regarded as the starting point for a space or room. It determines how much light is present in a room's centre. It serves as the starting point for designers, engineers, and contractors when determining the ideal method of lighting a space. It can originate from table and floor lamps, recessed downlights mounted on the ceiling, and ceiling lights mounted on the ceiling itself. These kinds of fixtures typically offer a luxury display and a dynamic lighting ambience. Different energy efficiency laws and regulations have been put into place recently as a result of growing worries about climate change. These solutions are becoming more and more popular due to the increasing inefficiency of incandescent bulbs and the surplus heat they produce.
Get More Information on Ambient Lighting Market - Request Sample Report
KEY DRIVERS
A Growing Need for Better Lighting Experiences
Energy-saving programmes and government programmes
Energy must be used more sustainably and efficiently to reduce energy waste and carbon emissions, which are both rising as a result of increased energy use. The production of electricity is responsible for roughly one-fourth of carbon emissions.
To reduce carbon emissions, governments all around the world are implementing strict rules. By incorporating renewable energy sources into smart networks, greenhouse gas (GHG) emissions might be reduced by 19–37 million metric tonnes (MMT) Co2e/year by 2030, according to the Electric Power Research Institute (EPRI). Growing pressure to minimise GHG emissions has prompted the conversion of conventional utility grids into smart grids.
RESTRAIN:
Supply chain disruptions
Supply chain disruptions that cause a demand-supply gap and higher pricing, As a result of a previous shutdown in China, the COVID-19 outbreak has had a substantial impact on the lighting industry's supply of electronic components. The majority of lighting OEMs and integrators are beginning to notice a serious scarcity of processors, LED drivers, other components and more electronic parts. Due to the disparity in supply and demand caused by this, lighting items are now costlier.
For instance, Signify has announced a price increase on all LED and light devices due to the pandemic's continued impact on the prices of its logistical networks. Customers would be burdened by the price increase, which would force them to postpone forthcoming projects. This would cause the completion to be delayed.
OPPORTUNITY:
Smart Lighting and IOT Integration
The localization of components may present chances for new vendors.
Lighting components are typically scarce because China's factories are overloaded and the supply chain has been messed up. It is difficult to predict when supplies will return to normal levels because the entire value chain has been completely upended. While some factories are operational, they may not be operating at full capacity. They also lack sufficient labour. The production and cost sides of this would need to return to normal for at least three to six months. Given these elements, lighting producers are considering importing parts from places like Hong Kong, Taiwan, and South Korea, creating enormous prospects.
CHALLENGES:
A lack of uniform standards
The absence of universal standards is one of the biggest problems facing the ambient lighting industry. There is a lack of clarity in the standards and regulations for LEDs and other light sources. As a result, manufacturers offer various items for various locations and countries that adhere to the relevant rules. Lighting system manufacturers are concentrating on the creation of open protocol devices. Currently, it is a need for lighting manufacturers to adhere to global industry standards concerning the light source. One of the pioneers in establishing broad lighting standardisation for LEDs is Zhaga Consortium (US). The absence of universal norms frequently makes the sector inefficient. Manufacturers of LED modules, for instance, cannot profit from economies of scale,
IMPACT ANALYSIS
The first two quarters of 2020 are expected to see modest growth, while the second half of FY20-21 is expected to see some type of recovery, according to the realistic scenario approach. Major businesses that operate in Ambient Lighting Market include Signify N.V. (Netherlands), GE (GE Lighting) (US), Acuity Brands (US), Hubbell Lighting (US), and OSRAM Licht AG (Germany). between March and May 2020, the market for lighting items was muted, mostly as a result of the COVID-19 pandemic's impact on the supply chain. Some of these companies manufacturing plants are running at a reduced capacity.
In the short term, this is anticipated to have a detrimental effect on their sales. In a realistic scenario, it is anticipated that makers of smart ambient lighting are affected the most as a result of the decline in demand for lighting fixtures such as track lights, suspended lights, track lights, recessed lights, and surface-mounted lights. Due to the COVID-19 pandemic's muted demand, the ambient lighting hardware component market is anticipated to have a significant decline in 2020. Lighting systems experienced negative growth in the first quarter of 2020. Demand for these products is likewise anticipated to be weak in the second and third quarters of 2020.
IMPACT OF RUSSIAN UKRAINE WAR
Numerous industries, including the market for ambient lighting, have been significantly impacted by the current Russian-Ukrainian conflict. Consumer confidence and purchasing power in the area have drastically declined as a result of the conflict's massive social and economic disturbances. The demand for ambient lighting solutions like smart bulbs and lights has consequently decreased. Supply chain disruptions brought on by border closures and higher tariffs have also hurt the profitability of the sector. As a result, many businesses have had to completely change where they are focusing their attention: on markets other than Ukraine and Russia. Ambient Lighting Market is hopeful about development prospects despite these obstacles since once the issue is ended, the economy would eventually get better.
IMPACT OF ONGOING RECESSION
The current recession has had a variety of effects on the ambient lighting business, posing difficulties for suppliers and manufacturers. Demand for expensive luxury lighting systems has dropped as consumers become more cost-conscious, while demand for reasonably priced yet high-quality solutions has increased. Furthermore, delays in production and shipment periods brought on by supply chain interruptions have presented serious difficulties for firms. On the plus side, however, there is a chance for creative businesses to develop more sustainable and energy-efficient lighting solutions that satisfy shifting customer preferences and can lessen environmental effects. However, for businesses to survive in these challenging economic times, they must be adaptable and nimble enough to respond rapidly to market developments.
By Type
Recessed Lights
Surface-Mounted Lights
Suspended Lights
Track Lights
Strip Lights
By Offering
Hardware
Lamps and luminaires
Lighting controls
Software & Services
By End User
Residential
Hospitality & Retail
Healthcare
Office Buildings
Industrial
Automotive
Need any customization research on Ambient Lighting Market - Enquiry Now
Asia-Pacific is growing at the fastest rate because of the extensive infrastructure-building operations in emerging economies, like China and India. Additionally, some regional governments concentrate on enacting strict energy efficiency laws and regulations. Thus, this contributes to the expansion of Ambient Lighting Market in this area. Additionally, the lighting systems for automobiles use these lights. Some of the key countries that produce cars are India, China, Japan, and South Korea, providing chances for the automotive lighting sector to expand.
To keep the eyes aligned, ambient lighting industry participants have tried to integrate lighting systems into display devices like TVs, cellphones, PCs, and laptops. Increased competition between major businesses to provide cutting-edge technology-based solutions in Ambient Lighting Market
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
South Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of the Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin American
The Major Players are Cree, Inc., OSRAM Licht AG, General Electric Company, Phillips Lighting Holding B.V., Toyoda Gosei Co., Ltd, Energy Focus, Inc., Thorn Lighting, Bridgelux, Inc., Acuity Brands, Inc., TCP International Holdings Ltd. and other players listed in the final report.
Energy Focus Inc-Company Financial Analysis
RECENT DEVELOPMENTS
The new OSRAM 24V TEC Flex series, which delivers uniform illumination for a variety of indoor and outdoor applications, was announced by Osram.
LED strips that are strong, resilient, and flexible for outdoor applications. The company wants to expand its selection of LED strips by introducing TEC Flex strips.
The brand-new Philips Hue Filament series from Signify was unveiled. A compatible voice assistant, the Philips Hue Bluetooth app, the ZigBee-based Philips Hue Bridge, or any of these methods can control Hue Filament light bulbs.
In Tokyo, Japan, Acuity Brands inked a contract with Ushio America, Inc. (Ushio), a subsidiary of Ushio Inc. that provides vertically integrated lighting system solutions. With the help of this collaboration, the business intends to release lighting fixtures with the Care222 module that will both illuminate and lower infections.
| Report Attributes | Details |
| Market Size in 2023 | US$ 64.05 Bn |
| Market Size by 2031 | US$ 125 Bn |
| CAGR | CAGR of 8.69 % From 2024 to 2031 |
| Base Year | 2022 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Type (Recessed Lights, Surface-Mounted Lights, Suspended Lights, Track Lights, Strip Lights) • By Offering (Hardware, Software & Services) • By End User (Residential, Hospitality & Retail, Healthcare, Office Buildings, Industrial, Automotive) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Cree, Inc., OSRAM Licht AG, General Electric Company, Phillips Lighting Holding B.V., Toyoda Gosei Co., Ltd, Energy Focus, Inc., Thorn Lighting, Bridgelux, Inc., Acuity Brands, Inc., TCP International Holdings Ltd. and other players listed in the final report. |
| Key Drivers | • A Growing Need for Better Lighting Experiences • Energy-saving programmes and government programmes |
| Market Opportunities | • Smart Lighting and IOT Integration • The localization of components may present chances for new vendors. |
Ans: The Ambient Lighting Market i to grow at a CAGR of 8.69% over the forecast period 2024-2031.
Ans: The Ambient Lighting Market size is estimated to reach US$ 125 Bn by 2031.
Ans: The Ambient Lighting Market size was valued at USD 64.05 Bn in 2023
Ans: Asia-Pacific is growing at the fastest rate.
Ans: Smart Lighting and IOT Integration &The localization of components may present chances for new vendors.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of the Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Ambient Lighting Market Segmentation, By Type
8.1 Recessed Lights
8.2 Surface-Mounted Lights
8.3 Suspended Lights
8.4 Track Lights
8.5 Strip Lights
9. Global Ambient Lighting Market Segmentation, By Offering
9.1 Hardware
9.1.1 Lamps and luminaires
9.1.2 Lighting controls
9.2 Software & Services
10. Global Ambient Lighting Market Segmentation, By End User
10.1 Residential
10.2 Hospitality & Retail
10.3 Healthcare
10.4 Office Buildings
10.5 Industrial
10.6 Automotive
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1North America Ambient Lighting Market by Country
11.2.2North America Ambient Lighting Market by Type
11.2.3 North America Ambient Lighting Market by Offerings
11.2.4 North America Ambient Lighting Market by End User Industry
11.2.5 USA
11.2.5.1 USA Ambient Lighting Market by Type
11.2.5.3 USA Ambient Lighting Market by Offerings
11.2.5.4 USA Ambient Lighting Market by End User Industry
11.2.6 Canada
11.2.6.1 Canada Ambient Lighting Market by Type
11.2.6.3 Canada Ambient Lighting Market by Offerings
11.2.6.4 Canada Ambient Lighting Market by End User Industry
11.2.7 Mexico
11.2.7.1 Mexico Ambient Lighting Market by Type
11.2.7.3 Mexico Ambient Lighting Market by Offerings
11.2.7.4 Mexico Ambient Lighting Market by End User Industry
11.3 Europe
11.3.1 Europe Ambient Lighting Market by Country
1.3.3.2 Europe Ambient Lighting Market by Type
11.3.3 Europe Ambient Lighting Market by Offerings
11.3.4 Europe Ambient Lighting Market by End User Industry
11.3.5 Germany
11.3.5.1 Germany Ambient Lighting Market by Type
11.3.5.2 Germany Ambient Lighting Market by Offerings
11.3.5.3 Germany Ambient Lighting Market by End User Industry
11.3.6 UK
11.3.6.1 UK Ambient Lighting Market by Type
11.3.6.2 UK Ambient Lighting Market by Offerings
11.3.6.3 UK Ambient Lighting Market by End User Industry
11.3.7 France
11.3.7.1 France Ambient Lighting Market by Type
11.3.7.2 France Ambient Lighting Market by Offerings
11.3.7.3 France Ambient Lighting Market by End User Industry
11.3.8 Italy
11.3.8.1 Italy Ambient Lighting Market by Type
11.3.8.2 Italy Ambient Lighting Market by Offerings
11.3.8.3 Italy Ambient Lighting Market by End User Industry
11.3.9 Spain
11.3.9.1 Spain Ambient Lighting Market by Type
11.3.9.2 Spain Ambient Lighting Market by Offerings
11.3.9.3 Spain Ambient Lighting Market by End User Industry
11.3.10 The Netherlands
11.3.10.1 Netherlands Ambient Lighting Market by Type
11.3.10.2 Netherlands Ambient Lighting Market by Offerings
11.3.10.3 Netherlands Ambient Lighting Market by End User Industry
11.3.11 Rest of Europe
11.3.11.1 Rest of Europe Ambient Lighting Market by Type
11.3.11.2 Rest of Europe Ambient Lighting Market by Offerings
11.3.11.3 Rest of Europe Ambient Lighting Market by End User Industry
11.4 Asia-Pacific
11.4.1 Asia Pacific Ambient Lighting Market by Country
11.4.2 Asia Pacific Ambient Lighting Market by Type
11.4.3 Asia Pacific Ambient Lighting Market by Offerings
11.4.4 Asia Pacific Ambient Lighting Market by End User Industry
11.4.5 Japan
11.4.5.1 Japan Ambient Lighting Market by Type
11.4.5.2 Japan Ambient Lighting Market by Offerings
11.4.5.3 Japan Ambient Lighting Market by End User Industry
11.4.6 South Korea
11.4.6.1 South Korea Ambient Lighting Market by Type
11.4.6.2 South Korea Ambient Lighting Market by Offerings
11.4.6.3 South Korea Ambient Lighting Market by End User Industry
11.4.7 China
11.4.7.1 China Ambient Lighting Market by Type
11.4.7.2 China Ambient Lighting Market by Offerings
11.4.7.3 China Ambient Lighting Market by End User Industry
11.4.8 India
11.4.8.1 India Ambient Lighting Market by Type
11.4.8.2 India Ambient Lighting Market by Offerings
11.4.8.3 India Ambient Lighting Market by End User Industry
11.4.9 Australia
11.4.9.1 Australia Ambient Lighting Market by Type
11.4.9.2 Australia Ambient Lighting Market by Offerings
11.4.9.3 Australia Ambient Lighting Market by End User Industry
11.4.10 Rest of Asia-Pacific
11.4.10.1 APAC Ambient Lighting Market by Type
11.4.10.2 APAC Ambient Lighting Market by Offerings
11.4.10.3 APAC Ambient Lighting Market by End User Industry
11.5 The Middle East & Africa
11.5.1 The Middle East & Africa Ambient Lighting Market by Country
11.5.2 The Middle East & Africa Ambient Lighting Market by Type
11.5.3 The Middle East & Africa Ambient Lighting Market by Offerings
11.5.4 The Middle East & Africa Ambient Lighting Market by End User Industry
11.5.6 Israel
11.5.6.1 Israel Ambient Lighting Market by Type
11.5.6.2 Israel Ambient Lighting Market by Offerings
11.5.6.3 Israel Ambient Lighting Market by End User Industry
11.5.6 UAE
11.5.6.1 UAE Ambient Lighting Market by Type
11.5.6.2 UAE Ambient Lighting Market by Offerings
11.5.6.3 UAE Ambient Lighting Market by End User Industry
11.5.7 South Africa
11.5.7.1 South Africa Ambient Lighting Market by Type
11.5.7.2 South Africa Ambient Lighting Market by Offerings
11.5.7.3 South Africa Ambient Lighting Market by End User Industry
11.5.8 Rest of Middle East & Africa
11.5.8.1 Rest of Middle East & Asia Ambient Lighting Market by Type
11.5.8.2 Rest of Middle East & Asia Ambient Lighting Market Mounting.
11.5.8.3 Rest of Middle East & Asia Ambient Lighting Market by End User Industry
11.6 Latin America
11.6.1 Latin America Ambient Lighting Market by Country
11.6.2 Latin America Ambient Lighting Market by Type
11.6.3 Latin America Ambient Lighting Market by Offerings
11.6.4 Latin America Ambient Lighting Market by End User Industry
11.6.5 Brazil
11.6.5.1 Brazil Ambient Lighting Market by Type
11.6.5.2Brazil Ambient Lighting Market by Offerings
11.6.5.3 Brazil Ambient Lighting Market by End User Industry
11.6.6 Argentina
11.6.6.1 Argentina Ambient Lighting Market by Type
11.6.6.2 Argentina Ambient Lighting Market by Offerings
11.6.6.3 Argentina Ambient Lighting Market by End User Industry
11.6.7 Rest of Latin America
11.6.7.1 Rest of Latin America Ambient Lighting Market by Type
11.6.7.2 Rest of Latin America Ambient Lighting Market by Offerings
11.6.7.3 Rest of Latin America Ambient Lighting Market by End User Industry
12. Company Profile
12.1 Cree Inc.
12.1.1 Market Overview
12.1.2 Financials
12.1.3 Product/Services/Offerings
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 OSRAM Licht AG
12.2.1 Market Overview
12.2.2 Financials
12.2.3 Product/Services/Offerings
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 General Electric Company
12.4.1 Market Overview
12.3.2 Financials
12.3.3 Product/Services/Offerings
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 Phillips Lighting Holding B.V.
12.4.1 Market Overview
12.4.2 Financials
12.4.3 Product/Services/Offerings
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 Toyoda Gosei Co., Ltd
12.5.1 Market Overview
12.5.2 Financials
12.5.3 Product/Services/Offerings
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 Energy Focus, Inc.
12.6.1 Market Overview
12.6.2 Financials
12.6.3 Product/Services/Offerings
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 Thorn Lighting, Bridgelux, Inc.,
12.7.1 Market Overview
12.7.2 Financials
12.7.3 Product/Services/Offerings
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 . Acuity Brands, Inc.,
12.8.1 Market Overview
12.8.2 Financials
12.8.3 Product/Services/Offerings
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 Intergraph Corporation
12.9.1 Market Overview
12.9.2 Financials
12.9.3 Product/Services/Offerings
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 Milsoft Utility Solutions
12.10.1 Market Overview
12.10.2 Financials
12.10.3 Product/Services/Offerings
12.10.4 SWOT Analysis
12.10.5 The SNS View
12.11 Kaihen
12.11.1 Market Overview
12.11.2 Financials
12.11.3 Product/Services/Offerings
12.11.4 SWOT Analysis
12.11.5 The SNS View
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
14. USE Cases and Best Practices
15. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Piezoelectric devices market size was valued at USD 33.1 billion in 2022 and is expected to grow to USD 57.29 billion by 2030 and grow at a CAGR Of 7.1 % over the forecast period of 2023-2030.
The Gaming Console Market size was valued at USD 26.65 billion in 2023 and is expected to grow to USD 51.04 billion by 2031 and grow at a CAGR of 8.46% over the forecast period of 2024-2031.
The Smart Home Projector Market size was valued at USD 648 million in 2022. It is expected to hit USD 2354.38 million by 2030 and grow at a CAGR of 17.5% over the forecast period of 2023-2030.
The Smart Glass Market Size was valued at USD 8.01 billion in 2022 and is estimated to reach USD 13.67 billion by 2030 with a growing CAGR of 6.9% over the forecast period 2023-2030.
CNC Fiber Laser Market size was valued at USD 2.6 billion in 2022 and is expected to grow to USD 4.53 billion by 2030 and grow at a CAGR of 7.2% over the forecast period of 2023-2030
The SiC Power Device Market size was valued at USD 1.55 Billion in 2022 and is expected to grow to USD 8.60 Billion by 2030 and grow at a CAGR Of 23.9% over the forecast period of 2023-2030.
Hi! Click one of our member below to chat on Phone
© 2024 All Rights Reserved by SNS Insider Pvt Ltd
