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The global LED flood light market was valued at US$ 6.36 Billion in 2021.
We expect the global LED flood light market to exhibit a CAGR of 11.46% during 2022-2027.
The rising demand for green lighting technology, along with the growing utilization of LED flood lights in several commercial and industrial applications is primarily driving the global LED flood light market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary closure of numerous manufacturing units for LED flood lights.
Based on the application, the global LED flood light market can be segmented into retrofit, retail & hospitality, outdoor, offices, architectural, residential, and industrial. Currently, retrofit holds the majority of the total market share.
On a regional level, the market has been classified into India, China, Europe, United States, Japan, Brazil, Russia, and others, where China currently dominates the global market.
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