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As explained in Yahoo Finance's article "The global LED lighting market is projected to reach US$ 128.15 billion by 2030, according to the report. LED lighting has gained substantial popularity recently due to its energy efficiency, durability, and versatility. It finds extensive applications across residential and commercial settings, outdoor spaces, automotive lighting, and decorative installations. LEDs come in various shapes and sizes, from traditional bulb designs to tube lights, spotlights, and floodlights. This lighting technology is anticipated to lead the global energy efficiency and rapid development market."