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[English Market Research Report] High Brightness LED Market

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The global market size for high-brightness LEDs reached 26.1 billion USD in 2022. Going forward, the IMARC Group expects a growth rate of 6% (CAGR) between 2023 and 2028, predicting it will reach 37.5 billion USD by 2028. High-brightness LEDs (HB-LEDs) are advanced LEDs made from semiconductors that have higher brightness and can withstand higher current levels and power consumption. This type of LED typically consumes over 1 watt of power and generates more than 50 lumens of light, achieving very bright light output. Compared to traditional LEDs, they can reduce power consumption by 50-70%, significantly lowering carbon dioxide emissions. They also offer various advantages such as long lifespan, dimmability, and improved efficiency. Additionally, they come in a wide range of sizes, making them compatible with various circuits. As a result, they are increasingly replacing standard LED lighting fixtures in many lighting applications. High-brightness LEDs are used in a wide range of applications, including signage, traffic lights, tubes, and displays for mobile phones and televisions.

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