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【English Market Research Report】Global Market for Solid-State Writing

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The global solid-state lighting market was valued at approximately 41.1 billion USD in 2021 and is expected to grow at a healthy growth rate of over 12.2% during the forecast period from 2022 to 2029. Solid-state lighting refers to a type of lighting technology that uses solid electronic devices, represented by light-emitting diodes, as a light source, in contrast to traditional lighting technologies that rely on incandescent bulbs or gas discharge lamps. The expansion of the solid-state lighting market is driven by factors such as the advancement of smart lighting systems and the increase in smart city projects.

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