123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Technology,-Gadget-and-Science >> View Article

Led Lighting Market Global Trends, Market Share, Industry Size, Growth, Opportunities,

By Author: Akash DADHICH
Total Articles: 75
Comment this article

The rising demand for energy-efficient lighting alongside the growing adoption of LEDs as a light source is driving the growth of the market. Rising smart cities project alongside the reduction in prices of LEDs is expected to augment the market during the forecast period. LED reduces heat losses and is economical in the consumption of electricity. Advancement in technology, growing focus on green lighting remain the major factor burgeoning the market.
The market is segmented into product type, installation type, applications, and region. Based on product type, LED luminaires are expected to witness vast growth. Luminaries are vastly deployed in the industrial and commercial sector. These are vastly deployed in high bays, track lights and streetlights. Luminaries deliver more light as per output power.
Based on application, the market is classified into indoor and outdoor lighting. Indoor lighting is expected to grow exponentially over the coming years. The indoor segment is bifurcated into commercial, industrial, residential and others. Higher adoption of LED lights in retail stores, malls, and offices have fuelled the growth of indoor lighting thus propelling the LED lighting market. Outdoor application is also expected to witness vast growth during the forecast period. Various government initiative has triggered the deployment of LED lights in road signs, traffic signals, and highways.
On the basis of installation type, retrofit lamps are expected to witness vast growth. Retrofit lamps are the LED lamps that are utilized to partially replace lighting fixtures present within LED lamps. It offers high lifecycle alongside efficient energy saving. Rapid preference to LED lamps over incandescent lamps is driving the growth of the retrofit installation, hence expanding the LED lighting market.
In terms of region, Asia-Pacific is the global leader of the market. The region is likely to witness huge growth over the forecast period as well. Emerging economies like India, China, Japan, and Taiwan are already witnessing a surge in manufacturing and usage of LED lighting. Favourable government policies taken by the governments of these countries have fuelled the growth of the market. North America and Europe are also expected to contribute significantly to the growth of the market. Europe and North America have witnessed huge growth owing to rising usage of ultra-modern lighting. Rising investments in R&D for efficient energy solutions alongside rising LED lamp deployment in industrial and residential applications is inflating the market in the region.
Prominent players like Osram GmbH, General Electric, and Signify Holding are developing LED lighting of low price aimed at efficient performance. These players are trying to further stimulate the market by enhancing product optimization and product development.
Prominent players of the market are OSRAM Licht AG, Dialight plc, Zumtobel Group, Samsung, Cree, Inc., General Electric Company, Philips Lighting Holding B.V, Virtual Extension and Cooper Industries, Inc.
Request a Sample Report @ https://www.futurewiseresearch.com/request-sample.aspx?id=2301&page=requestsample
Global LED Lighting Market Segmentation:
By Product Type:
• LED Luminaries
• LED lamps
By Installation Type
• New Installation
• Retrofit Installation
By Application Type
• Indoor lighting
• Outdoor lighting
By Region
• North America
• Europe
• Asia Pacific
• Latin America
• Rest of the World
Purchase a Copy & Ask For Discount: https://www.futurewiseresearch.com/request-sample.aspx?id=2301&page=askfordiscount
Competitive Landscape:
● Tier 1 players- established companies in the market with a major market share
● Tier 2 players
● Emerging players which are growing rapidly
● New Entrants
FutureWise Key Takeaways
● Growth Prospects
● SWOT Analysis
● Key Trends
● Key data-points affecting market growth
Objectives of the Study:
• To provide with an exhaustive analysis on the global LED lighting market by installation type, by application, by product, and by region
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the rest of the world
• To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
• Profiling of companies to evaluate their market shares, strategies, financial and core competencies
Browse Corresponding Semiconductor Market Research Reports & Consulting

Inquire further details about this report at: sales@futurewiseresearch.com

About FutureWise Research:
We specialise in high-growth niche markets, assuring flexibility, agility and customised solutions for our clients. Through in-depth market insights and consultancy, we present our clients with the tools they need to be at the forefront of their industry – a position secured for far more than the near future.

Contact Us:
Company Name: FutureWise Research
Contact Person: Vinay Thaploo
Email: sales@futurewiseresearch.com
Phone: +44 141 628 9353 / +1 970 279 4295
City: Leeds
Country: United Kingdom
Website: www.futurewiseresearch.com

Total Views: 20Word Count: 771See All articles From Author

Add Comment

Technology, Gadget and Science Articles

1. Does Smartphone Or Tablet Really Needed A Screen Protector?
Author: Flica Hussey

2. Are You Looking To Hire An Android Application Development Company?
Author: Natasha Verma

3. Online Magazine In India
Author: The Digital Buyer

4. Everything You Need To Know About Pixar’s Onward
Author: Aida Martin

5. How To Use Dailymotion To Download Videos
Author: Elina John

6. Bourne Spinoff Treadstone: A 2020 Release On Amazon Prime
Author: Aida Martin

7. Bringing The Best Laptop Chargers At Your Fingertips Through Trustworthy E-commerce Stores
Author: Charlie Puth

8. Prepaid Electric Meter
Author: simran aggarwal

9. Things To Know About Tvs Diodes
Author: MDE Semiconductor

10. How Can Experienced Ui Designers Change The Dynamics Of Your Website
Author: Stephen Foster

11. 5 Ways To Simplify Your Automated Test Cases
Author: Stella M

12. Virtual Sensors Market Global Trends, Market Share, Industry Size, Growth, Opportunities
Author: FutureWiseResearch

13. How Wireless Thermocouple Is Useful In Temperature Monitoring In Daily Life?
Author: Chris Miller

14. Various Applications Of Iot Sensors
Author: Tony Zheng

15. What Everyone Must Know About Manifold Pressure Sensor
Author: Joseph Polizzotto

Login To Account
Login Email:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: