LED Market By Product (LED Lamps, LED Fixtures), By Applications (Indoor Lighting, Outdoor Lighting), By End User (Industrial, Commerical, Residential, Others): Global Opportunity Analysis and Industry Forecast, 2020-2030
The global LED market size was valued at $78.69 billion in 2020, and is projected to reach $192.68 billion by 2030, growing at a CAGR of 8.2% from 2021 to 2030. The light-emitting diode (LED) is one of most energy-efficient and rapidly-developing lighting technologies. Quality LED light bulbs last longer, are more durable, and offer comparable or better light quality than any other types of lighting. LED technology delivers high-quality lighting with significant energy savings, especially when paired with lighting controls. One of the biggest benefits of LED lighting is the ability to completely regulate the light whenever required.
Factors such as increase in demand for cost-effective and energy-saving LED lighting, government campaign toward LED use to curb cost & pollution, and increase in need for replacing traditional lighting fuel growth of the LED market. However, voltage sensitivity and temperature dependence hinder the market growth. Conversely, surge in need for smart lighting is expected to offer lucrative opportunities for the LED market across the globe.
The LED market is segmented on the basis of product, application, end user, and region. Depending on product, the market is categorized into LED lamps and LED fixtures. According to application, it is divided into indoor lighting and outdoor lighting. As per the end user, it is fragmented into residential, industrial, commercial, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major companies profiled in the report include Cree, Inc., Everlight Electronics Co., Ltd., General Electric Company, LG Innotek Co., Ltd., Lumens Co., Ltd., Lumileds Holding B.V., Nichia Corporation, Koninklijke Philips N.V., Osram Licht AG, and Seoul Semiconductor Co. Ltd.
Key Benefits For Stakeholders
This study comprises analytical depiction of the global LED market size along with the current trends and future estimations to depict the imminent investment pockets.
The overall LED market analysis is determined to understand the profitable trends to gain a stronger foothold.
The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
The LED market forecast is quantitatively analyzed from 2021 to 2030 to benchmark the financial competency.
Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.
The report includes the LED market share of key vendors and market trends.
Key Market Segments
By Product
LED Lamps
LED Fixtures
By Applications
Indoor Lighting
Outdoor Lighting
By End User
Commerical
Residential
Others
Industrial
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
U.K.
Russia
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
Cree, Inc.
Everlight Electronics Co., Ltd.
General Electric Company
LG Innotek Co., Ltd.
Lumens Co., Ltd.
Lumileds Holding B.V.
Nichia Corporation
Koninklijke Philips N.V.
Osram Licht AG
Seoul Semiconductor Co. Ltd.
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