Published by Coherent Market Insights
Posted on September 15, 2021
United States/WA: The global LED Lighting market is estimated to account for US$ 175,400.3 million by 2027
Report Pages:[168 Pages]
Market Overview:
An LED light is an electrical light that produces light by the use of a light-emitting diode or LED bulbs. Compared to other lighting equipment, LED lights are extremely energy-efficient and have almost reached the replacement of incandescent bulbs as the main source of illumination for many industries. They are available in different wattages to provide enough brightness for any commercial or residential area. The best thing about these lights is that they are available in different colors and designs so that they can be installed in any area of home or office. These lights are highly durable and long-lasting. The most important advantage of LED lighting is that the heat produced by its bulbs is very low and does not make any noise. LED lights produce more light per watt than any other form of the light-emitting diode; this feature enables users to place them anywhere in a room but without making them over-bright.
Competitive Landscape:
Major players operating in the global LED lighting market include Sharp Corporation, Samsung, Zumtobel Group AG, Dialight plc, Virtual Extension, Cooper Industries, Inc., Cree, Inc., OSRAM Licht AG, General Electric Company, and Phillips Lighting Holding B.V.
Key Market Drivers:
Increasing urbanization in the developing nations in the world is the main factor that is enhancing the growth of the global LED lighting market. For instance, according to the Chinese census, as of June 2020, the People’s Republic of China had around 687 cities. Moreover, increasing product launches by key market players and several advancements in house lighting systems are estimated to increase the demand in the global LED lighting market.
Request a sample copy of the report to understand the structure of the complete report:
https://www.coherentmarketinsights.com/insight/request-sample/959
Covid-19 Impact Analysis:
During the COVID-19 pandemic, the stay-at-home orders made every individual in this world spend more time at home, and hence the inclination towards making the home more comfortable and non-monotonous, the sale of decorative items such as LED lights increased, and hence the key market players also announced the launch of several new products, along with new market strategies. For instance, in July 2020, Savant Systems Inc. acquired GE Lighting from GE and made GE lighting a Savant company brand. These factors had a positive effect on the global LED lighting market.
Key Takeaways:
The size of the global LED lighting market is projected to be assessed at US$ 92.40 billion by 2022 at a CAGR of around 13.66%, owing to increasing market expansion and product launches by key market players. For instance, in March 2020, Panasonic life Solutions expanded its market and launched its first store in Hyderabad, India.
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LED Lighting Market, By Product Type (LED Bulbs, Bare LED Tubes, LED Fixtures, LED Downlights and Others), By Services (Installation Services, Consulting Services, and Maintenance & Support Services), By End User (Residential, Commercial, Industrial), By Application (Outdoor, Indoor, Backlighting, Automotive, and Others) and by Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) – Size, Share, Outlook, and Opportunity Analysis, 2019 – 2027
People Also Search For Following Reports:
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post [PDF] The Global LED Lighting Market Continues To Grow Owing To the Increasing Expansion of Urbanization in the World appeared first on Gatorledger.
United States/WA: The global LED Lighting market is estimated to account for US$ 175,400.3 million by 2027
Report Pages:[168 Pages]
Market Overview:
An LED light is an electrical light that produces light by the use of a light-emitting diode or LED bulbs. Compared to other lighting equipment, LED lights are extremely energy-efficient and have almost reached the replacement of incandescent bulbs as the main source of illumination for many industries. They are available in different wattages to provide enough brightness for any commercial or residential area. The best thing about these lights is that they are available in different colors and designs so that they can be installed in any area of home or office. These lights are highly durable and long-lasting. The most important advantage of LED lighting is that the heat produced by its bulbs is very low and does not make any noise. LED lights produce more light per watt than any other form of the light-emitting diode; this feature enables users to place them anywhere in a room but without making them over-bright.
Competitive Landscape:
Major players operating in the global LED lighting market include Sharp Corporation, Samsung, Zumtobel Group AG, Dialight plc, Virtual Extension, Cooper Industries, Inc., Cree, Inc., OSRAM Licht AG, General Electric Company, and Phillips Lighting Holding B.V.
Key Market Drivers:
Increasing urbanization in the developing nations in the world is the main factor that is enhancing the growth of the global LED lighting market. For instance, according to the Chinese census, as of June 2020, the People’s Republic of China had around 687 cities. Moreover, increasing product launches by key market players and several advancements in house lighting systems are estimated to increase the demand in the global LED lighting market.
Request a sample copy of the report to understand the structure of the complete report:
https://www.coherentmarketinsights.com/insight/request-sample/959
Covid-19 Impact Analysis:
During the COVID-19 pandemic, the stay-at-home orders made every individual in this world spend more time at home, and hence the inclination towards making the home more comfortable and non-monotonous, the sale of decorative items such as LED lights increased, and hence the key market players also announced the launch of several new products, along with new market strategies. For instance, in July 2020, Savant Systems Inc. acquired GE Lighting from GE and made GE lighting a Savant company brand. These factors had a positive effect on the global LED lighting market.
Key Takeaways:
The size of the global LED lighting market is projected to be assessed at US$ 92.40 billion by 2022 at a CAGR of around 13.66%, owing to increasing market expansion and product launches by key market players. For instance, in March 2020, Panasonic life Solutions expanded its market and launched its first store in Hyderabad, India.
Go Through Our Trusted Clients List: https://www.coherentmarketinsights.com/trusted-by
LED Lighting Market, By Product Type (LED Bulbs, Bare LED Tubes, LED Fixtures, LED Downlights and Others), By Services (Installation Services, Consulting Services, and Maintenance & Support Services), By End User (Residential, Commercial, Industrial), By Application (Outdoor, Indoor, Backlighting, Automotive, and Others) and by Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) – Size, Share, Outlook, and Opportunity Analysis, 2019 – 2027
People Also Search For Following Reports:
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post [PDF] The Global LED Lighting Market Continues To Grow Owing To the Increasing Expansion of Urbanization in the World appeared first on Gatorledger.
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