LED Lighting Market Size, Share and Forecast 2026
The Global LED Lighting market is forecasted to reach USD xx million by 2026, with a CAGR of 12.3% during the forecast period (2019-2026).
(EMAILWIRE.COM, September 04, 2019 ) Market Overview
• A light-emitting diode (LED) is a semiconductor device that emits incoherent narrow-spectrum light when a p-n junction is forward electrically biased.
• LEDs are a very efficient form of energy production and have already come down in cost far enough.
• LEDs are an extremely efficient form of lighting and have an extremely long life span.
Market Drivers
• The market for LED lighting is on a clear transition path from conventional lighting technologies to LED.
• Some of the advantages of LED lights over the traditional light sources are long life, energy efficient, ecologically friendly, durable, zero UV emission, design flexibility, low voltage, and so on.
• The accelerated rate of LED lights usage in households and businesses.
• Increasing demand for outdoor application along with powerful energy efficiency.
• The increasing application of LED in the entire residential house.
• Implementation of the EU Green Paper can lead to new opportunities for the European LED market in near futures.
Market Dynamics
• The Global LED lighting market is majorly influenced by three factors such as macroeconomic situations, energy efficiency regulations across the world, and government actions limiting specific energy sources.
• Macroeconomic circumstances, which includes new constructions and consequently the number of new lighting installations.
• Regulations across the globe have become more stringent, fueling the penetration of more energy-efficient light sources.
Price Trends
• LED prices have eroded at a faster pace, pulling forward the payback time of LED lighting. According to the industry experts LED share in general lighting is expected to reach 70% in 2020 from 45% in 2016.
Geographical Analysis
• Asia-Pacific holds a major market share of the total market and growing at a higher CAGR during the forecast period 2019 to 2026 owing to increasing consumption of efficient energy lights in the countries such as China, India, Japan, South Korea, and Vietnam.
• Asia-Pacific also holds a larger market share in the total market in 2017 followed by Europe and North America and is expected to reach approximately 45% of the global general lighting market by 2020. At present, Asia leads the market transition to LED in general lighting, driven especially by countries such as China, India, and Japan.
• Taiwan, Japan, and China are key contributors to regional growth owing to initiatives undertaken by the respective governments for embracing light emitting diodes and the existence of many market players.
Market Segmentation
• LED Lighting Market is segmented on the application into large display backlighting, general illumination, Automotive, signage, mobile appliances, and others.
• The market further classified based on the type of LED such as traditional inorganic LEDs, organic LEDs, high brightness LEDs, and others.
• Besides, the market is sorted by product type, which includes spotlight, tube light, washer lights and, others
• Sales share of the leading light bulb vendors in the United States in 2016.
Market Report Scope
The report covers :
The factors impacting the market Porter 5 Force,Market Share Analysis, Price trend analysis, Product Benchmarking.
Type
• Traditional Inorganic LED Lightings
• Organic LED Lightings (OLED)
• High Brightness LED Lightings
• Others
By Application
• Large Display Back Lighting
• Automotive
• Mobile Appliances
• General Illumination
• Signage
• Others
Geographical Share
• Asia Pacific
• Europe
• North America
• South America
• Rest of the World.
Company Profiles
• Philips
• General Electric
• Panasonic
• Others
View full sample report: https://www.datamintelligence.com/research-report/led-lighting-market
Download free sample: https://www.datamintelligence.com/download-sample/led-lighting-market
About Us
DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.
For more information:
Sai Kiran
Sales Manager at Data M Intelligence
Email: info@datamintelligence.com
Tel: +1 877 441 4866
Website: www.datamintelligence.com
• A light-emitting diode (LED) is a semiconductor device that emits incoherent narrow-spectrum light when a p-n junction is forward electrically biased.
• LEDs are a very efficient form of energy production and have already come down in cost far enough.
• LEDs are an extremely efficient form of lighting and have an extremely long life span.
Market Drivers
• The market for LED lighting is on a clear transition path from conventional lighting technologies to LED.
• Some of the advantages of LED lights over the traditional light sources are long life, energy efficient, ecologically friendly, durable, zero UV emission, design flexibility, low voltage, and so on.
• The accelerated rate of LED lights usage in households and businesses.
• Increasing demand for outdoor application along with powerful energy efficiency.
• The increasing application of LED in the entire residential house.
• Implementation of the EU Green Paper can lead to new opportunities for the European LED market in near futures.
Market Dynamics
• The Global LED lighting market is majorly influenced by three factors such as macroeconomic situations, energy efficiency regulations across the world, and government actions limiting specific energy sources.
• Macroeconomic circumstances, which includes new constructions and consequently the number of new lighting installations.
• Regulations across the globe have become more stringent, fueling the penetration of more energy-efficient light sources.
Price Trends
• LED prices have eroded at a faster pace, pulling forward the payback time of LED lighting. According to the industry experts LED share in general lighting is expected to reach 70% in 2020 from 45% in 2016.
Geographical Analysis
• Asia-Pacific holds a major market share of the total market and growing at a higher CAGR during the forecast period 2019 to 2026 owing to increasing consumption of efficient energy lights in the countries such as China, India, Japan, South Korea, and Vietnam.
• Asia-Pacific also holds a larger market share in the total market in 2017 followed by Europe and North America and is expected to reach approximately 45% of the global general lighting market by 2020. At present, Asia leads the market transition to LED in general lighting, driven especially by countries such as China, India, and Japan.
• Taiwan, Japan, and China are key contributors to regional growth owing to initiatives undertaken by the respective governments for embracing light emitting diodes and the existence of many market players.
Market Segmentation
• LED Lighting Market is segmented on the application into large display backlighting, general illumination, Automotive, signage, mobile appliances, and others.
• The market further classified based on the type of LED such as traditional inorganic LEDs, organic LEDs, high brightness LEDs, and others.
• Besides, the market is sorted by product type, which includes spotlight, tube light, washer lights and, others
• Sales share of the leading light bulb vendors in the United States in 2016.
Market Report Scope
The report covers :
The factors impacting the market Porter 5 Force,Market Share Analysis, Price trend analysis, Product Benchmarking.
Type
• Traditional Inorganic LED Lightings
• Organic LED Lightings (OLED)
• High Brightness LED Lightings
• Others
By Application
• Large Display Back Lighting
• Automotive
• Mobile Appliances
• General Illumination
• Signage
• Others
Geographical Share
• Asia Pacific
• Europe
• North America
• South America
• Rest of the World.
Company Profiles
• Philips
• General Electric
• Panasonic
• Others
View full sample report: https://www.datamintelligence.com/research-report/led-lighting-market
Download free sample: https://www.datamintelligence.com/download-sample/led-lighting-market
About Us
DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.
For more information:
Sai Kiran
Sales Manager at Data M Intelligence
Email: info@datamintelligence.com
Tel: +1 877 441 4866
Website: www.datamintelligence.com
Contact Information:
DataM Intelligence
Sai Kiran
Tel: +1 877 441 4866
Email us
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This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results
DataM Intelligence
Sai Kiran
Tel: +1 877 441 4866
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results