The global LED lighting market is expected to reach
The global LED lighting market is expected to reach
North America LED lighting manufacturers have witnessed an exponential demand in the last decade. The low cost & better efficiency of linear fluorescent lights resulted in widespread adoption across the commercial & industrial segments. But, revisions in light standards stated by the
The producers have shown consistency concerning new product improvements and also have managed to decrease the product price both of which are the critical elements driving the product requirement. Technological advancements have contributed to the growth of flicker-free LED lighting, that can be well-suited for classrooms, offices, and hospitals, amongst others. The execution of flicker-free lights leads toward developing a more cozy lighting encounter and has a positive effect on the wellbeing, which contributes to greater productivity of a person. Therefore, flicker-free LED lighting technologies are contributing to the increase in industrial and commercial demand.
Niche segments such as horticultural lighting, healthcare lighting are anticipated to witness exponential demand for LED lighting in upcoming years. Additionally, connected and smart lighting is expected to play an essential role in forcing the light-emitting diode lighting market to increase over the forecast period. The growth of smart cities throughout the world is expected to support exponential growth opportunities for market leaders.
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Key research findings:*The Lamp Segment Account for greater than 50% market share and continues to dominate the industry in next 7 years. *The Industrial lighting segment is expected to grow at the fastest CAGR of 6% between 2020 to 2027. *The demand for Architectural lighting has increased in recent years owing to the increasing trend of smart homes. *APAC LED Lighting Market is expected to dominate the market owing to the presence of large number of the LED manufacturing facility, high export rate & increasing regional demand. *Prominent market players include
LED Lighting Product Outlook (Revenue, USD Billion, 2016 - 2027)*Lamps*A-Lamps *T-Lamps *Others*Luminaires*Streetlights *Downlights *Troffers *Others
LED Lighting Application Outlook (Revenue, USD Billion, 2017- 2027)*Indoor *Outdoor
LED Lighting End-use Outlook (Revenue, USD Billion, 2017- 2027)*Commercial *Residential *Industrial *Others
LED Lighting Regional Outlook (Revenue, USD Billion, 2017- 2027)*
Related Reports*Global Automotive Lighting Market Size, Share & Trends Analysis Report By Technology (Halogen, HID, LED), Vehicle Type (Passenger Car, Light Commercial Vehicle, Buses, Trucks), Application (Headlights, Taillights, Fog lights, Signal lights, Brake lights, Driving lamps) Industry Analysis 2020-2030 ( Read Here:
Automotive Lighting Market ) *Global OLED Panel Market Size,
OLED Lighting Market )
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