The LED light bulb market is experiencing robust growth driven by rising environmental awareness, stringent energy efficiency regulations, and declining prices of LED components. Government initiatives promoting energy conservation and the phasing out of incandescent lighting across various regions have further accelerated adoption. Additionally, advancements in smart lighting technologies and integration with IoT platforms are creating new demand in both consumer and industrial sectors. The expansion of infrastructure development and urbanization in emerging economies also contributes significantly to the growing demand for energy-efficient lighting solutions, solidifying LEDs as the cornerstone of the modern lighting industry.