Have you ever wondered how many light bulbs in your city are LED versus incandescent or halogen? As of Q2 2024, the global lighting market has reached a historic inflection point. Recent data from the International Energy Agency reveals that LED adoption now accounts for 58-63% of all installed lighting systems worldwide, with traditional technologies clinging to 22-27% market share. But why does this 3:1 ratio mask critical regional disparities, and what forces drive this transformation?
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