Global Architectural LED Products Market Growth 2023-2029

Global Architectural LED Products Market Growth 2023-2029

LEDs have many advantages over incandescent light sources, including lower energy consumption, longer lifetime, improved physical robustness, smaller size, and faster switching. Additionally, LED lighting fixtures emit nearly 90% lesser heat than its predecessor.

LPI (LP Information)' newest research report, the “Architectural LED Products Industry Forecast” looks at past sales and reviews total world Architectural LED Products sales in 2022, providing a comprehensive analysis by region and market sector of projected Architectural LED Products sales for 2023 through 2029. With Architectural LED Products sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Architectural LED Products industry.

This Insight Report provides a comprehensive analysis of the global Architectural LED Products landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Architectural LED Products portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Architectural LED Products market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Architectural LED Products and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Architectural LED Products.

The global Architectural LED Products market size is projected to grow from US$ 9007.3 million in 2022 to US$ 23540 million in 2029; it is expected to grow at a CAGR of 23540 from 2023 to 2029.

Some of the key factors driving the demand in the global architectural LED products market are: radical rate of infrastructural development in a number of emerging economies, government initiatives and regulations to promote the usage of products that are energy efficient, and growing awareness among consumers regarding long life-span and other benefits of these products. On the other hand, substantial initial cost and increasing consumer inclination towards other lighting technology products are a few restraints hindering the prosperity of the architectural LED products market. Nevertheless, the lead analyst suggests that tie-ups with construction companies and real estate builders will provide for chunk of opportunities in the near future.

This report presents a comprehensive overview, market shares, and growth opportunities of Architectural LED Products market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Solar Products
Conventional Products

Segmentation by application
Cove Lighting
Wall Washing
In-Ground
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Philip Electronics
Cree Corporation
Osram Opto
Digital Lumens
GE
Toshiba Corp
Dialight
ABB(Cooper Industries)

Key Questions Addressed in this Report

What is the 10-year outlook for the global Architectural LED Products market?

What factors are driving Architectural LED Products market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Architectural LED Products market opportunities vary by end market size?

How does Architectural LED Products break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.