Global LED Lighting Market Size, Competitors Strategy, Regional Analysis and Growth Forecast to 2023

Market Highlights:

In rapid advancement in light-emitting diodes (LEDs) the lighting sources for general lighting applications which is more efficient as compared to incandescent lighting. Such characteristics combined with their long working life and reliability has made them the suitable choice for next generation of lighting systems including emergency, backlight, automotive, indoor and outdoor.

To ensure accurate operation and to control the light intensity, LEDs need an efficient driver, normally implemented by power electronics-based conversion stages to match the LED characteristics with the AC grid voltage and to generate a controllable and high-quality light.

The LED lighting Market is growing rapidly over 14% of CAGR and is expected to reach approximately at USD 105 billion by the end of forecast period.

Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “LED Lighting Market – Forecast to 2023”.

Major Key Players:

  • Phillips Lighting Holding B.V. (Netherlands)
  • General Electric Company (U.S.)
  • Osram Licht AG (Germany)
  • Cree Inc. (U.S.)
  • Cooper Industries, Inc. (Ireland)
  • Virtual Extension (Israel)
  • Dialight Plc. (U.K.)
  • Zumtobel Group AG (Austria)
  • Samsung (South Korea)
  • Sharp Corporation (Japan)

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Market Segmentation:

The LED lighting market has been segmented on the basis of product type and application. On basis of application the LED lighting consists of indoor lighting, outdoor lighting.

In outdoor lighting the fixture manufacturers developed models that integrate the electronic components of energy-efficient LEDs into their designs. The integrated LED fixtures are easier to find ever before. A few manufacturers invent high-tech technology by merging wireless controls with the models. The manufacturers made the components of the newest integrated LED fixtures replaceable to eliminate the need and cost. The outdoor lighting fixtures that accommodate incandescent light bulbs won’t disappear even though the bulbs will, because those same fixtures also accept more-efficient CFL and LED bulbs.

Market Research Analysis:

Market Research Future Analysis shows that new adoptions of energy efficient and cost effective components result in sudden hike in LED lighting market. It has been observed that developments in LED lighting gives automotive designers an important new tool to differentiate their products. LED lighting market has encourage government to ban incandescent lamps and is expected to minimize the impact over the next few years.

Regional analysis for LED lighting market is studied in different geographic regions as North America Europe, Asia-Pacific and Rest of World. The European market is expected to be one of the leading players because there is demand for new lighting technology and solution in LED lighting, the application of it in hospitality business, architectural sights and lighting regulating in animal, plant and human biorhythms. North America is one of the prominent player in LED lighting market and is expected to witness noteworthy growth in the near future. Regulation over energy efficient product and high disposal income will help to drive demand for LED lighting for architectural application in North America region.

Regional Analysis:
The regional analysis of LED lighting market is being studied for region such as Asia Pacific, Americas, Europe and Rest of the World. Rapid infrastructure activities across different industries has driven the market of LED lighting market in Asia-Pacific region followed by European region. Europe held the largest share of the global LED lighting market and is set to dominate the world marketplace. This growth is mainly attributed to the rising demand for outdoor application paired with stringent energy efficiency regulation.

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Intended Audience:

  • Networking and Communication Service Providers (CSPs)
  • Investors and consultants
  • System Integrators
  • Government Organizations
  • Research/Consultancy firms
  • Technology solution providers
  • IT Solution Providers
  • Automobile Manufacturers
  • Construction Companies

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