Global LED Lighting Market is expected to reach USD 125,000 million by 2026, from USD 38,000 million in 2018, growing at a of CAGR of 18% during the forecast to 2026.
This market report defines the market trends and forecast the upcoming opportunities and threats of the LED lighting market in the next 8 years. LED (Light Emitting Diode) is a two-lead semiconductor light source. LED lamps are energy efficient, it retains a long lifetime. LED lamps don’t require warm up period and they light immediately in nanoseconds. They are environmental friendly as they consume less energy, and do not contain mercury or any other hazardous substances. LED lighting has zero ultraviolet emissions, and it can also run on low voltage power supply. There are many regulatory parameters for LED lighting. For instance, In September 2106, due to increasing electric consumption, Chinese government has banned the use of 100W and 60W incandescent bulbs. Various advancements have taken place in the field of LED lighting market. For example, In 2015 Cree introduced luminous LR22 architectural troffer, that comprises of a flat panel design, which creates an attractive artistic to flawlessly combine into any ceiling.
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The global LED lighting market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of LED lighting market for global, Europe, North America, Asia Pacific and South America.
Table of content:
Chapter 1, to describe LED lighting market product scope, market overview, market opportunities, market driving force and market risks
Chapter 2, to profile the top manufacturers of LED lighting market, with price, sales, revenue and global market share of LED lighting market
Chapter 3, the LED lighting market competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the LED lighting market breakdown data are shown at the regional level, to show the sales, revenue and growth by regions.
Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world
Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application
Chapter 12, LED lighting market forecast, by regions, type and application, with sales and revenue
Chapter 13, 14 and 15, to describe LED lighting market sales channel, distributors, customers, research findings and conclusion, appendix and data source
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Major Market Drivers & Restraints:
- Increase demand for energy-efficient lighting systems.
- Growth in the field of IOT.
- Low LEDs prices.
- High demand for LED from smart cities.
- Lack of alertness towards installation costs and payback periods.
- Development of substitute.
Major Market Competitors/Players:
- Philips Lighting Holding B.V.,
- GENERAL ELECTRIC,
- Cree Inc.,
- Virtual Extension.,
- Zumtobel Group AG,
- SAMSUNG ,
- SHARP CORPORATION,
- Lumileds Holding B.V.,
- NICHIA CORPORATION,
- OSRAM Opto Semiconductors GmbH.,
- Semiconductor Co. Ltd.,
- LG INNOTEK.,
- SYSKA LED
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