Market Overview The global LED downlight market size was valued at USD 27.3 Billion in 2024 and is projected to reach USD 51.5 Billion by 2033, growing at a CAGR of 7.3% during 2025-2033. This growth is driven by increasing demand for energy-efficient lighting, rising consumer awareness of benefits, widespread use in residential and commercial sectors, and continuous R&D enhancing...