Industry Demand, Size, Growth, Share, Key Players and Forecast – The Manomet Current

According to the latest report by IMARC Group, titled “Thailand LED Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the Thailand LED market size reached a value of US$ 971.4 Million in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 24% during 2021-2026. Light-emitting diodes (LEDs) are semiconductor devices that generate narrow-spectrum light. An electric current is passed through the microchip present in the LED to illuminate the device and produce visible light. LED lights are directional light sources that offer high brightness and intensity with a diverse color range. They use heat sinks to absorb the heat produced by the device, which is further dissipated into the surroundings to prevent them from overheating. As a result, they emit little to no heat and greenhouse gases (GHGs) while being…