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Home > QYR in News > On April 22nd Shenzhen Minbao Optoelectronics cited the LED lighting industry research report published by Hengzhou Bozhi in its annual report
On April 22nd Shenzhen Minbao Optoelectronics cited the LED lighting industry research report published by Hengzhou Bozhi in its annual report
Explosion-Proof Lighting: According to the "China LED Lighting Industry Panorama 2023" published by Hengzhou Bozhi, the global LED explosion-proof lighting market reached sales of $4.9 billion in 2023 and is forecasted to reach $7.9 billion in 2028, growing at a compound annual growth rate (CAGR) of approximately 7.8% over the period. This growth can be attributed to the widespread use of LED explosion-proof lights in oil and mining, military bases, airports, and other commercial and industrial sectors that require high levels of safety lighting.
Source: Flush Finance
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