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Solar, wind and LED markets to hit $838B by 2030s as global green tech surges

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London, July 24, 2025 , (Oilandgaspress) –––The global markets for solar energy, wind power, and LED lighting are experiencing robust growth, collectively projected to surpass $838 billion by the early 2030s, driven by sustainability goals and energy efficiency demands. Solar power is forecast to reach $436.36 billion by 2032 with a CAGR of 6 percent, wind power to hit $141.09 billion by 2030 at a CAGR of 4.9 percent , and LED lighting to soar to $260.71 billion by 2034, at 11.3 percent CAGR.

Solar energy is boosted by global decarbonization efforts and falling technology costs, according to Fortune Business Insights. Innovations in AI, IoT, and PV efficiency are accelerating adoption across residential and utility sectors.

Wind power is gaining traction as governments implement favorable policies and tax incentives. Per Grand View Research, onshore installations dominate with over 75 percent share.

The LED lighting market is booming due to energy-saving mandates, smart city initiatives, and declining component costs, according to Precedence Research.

Power your portfolio with high-efficiency solar, wind, and LED solutions from verified suppliers – now available at unbeatable wholesale prices on Global Sources Online!

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