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Global LED Lighting Market to reach USD 96.4 million by 2027.

Global LED Lighting Market by Product (Lamps and Luminaires), by End Use (Commercial, Residential and Industrial), Application (Indoor and Outdoor), Regional Forecasts 2021-2027

Product Code: EESAC_53584994
Publish Date: 7-02-2021
Page: 200

Global LED Lighting Market is valued approximately at USD 50.2 million in 2020 and is anticipated to grow with a healthy growth rate of more than 11.04% over the forecast period 2021-2027. LED is a diode that emits light. more than 90% other light bulbs, including incandescent and fluorescent light, are classified for LED lighting products. Around 95% of the electricity in LEDs is transformed into light and only 5% is lost as heat. Due to this aspect, the world’s largest population is inclined to use the most effective LED lighting option. The LED lighting market is driven by growing modernization, developing infrastructure such as smart cities and growing need for energy-efficient lighting systems. Intelligent devices are incorporated into households through a climate, buildings and living environment For instance, as per American Society of Mechanical Engineers, wind flow, solar penetration and the shade areas are evaluated by engineers for improved design and construction. By 2022, the Singapore government expects to introduce intelligent, energy efficient lighting on all public highways and build solar panels on 6,000 buildings’ rooftops. Furthermore, LED lighting technologies have successfully penetrated the industrial lighting market, which has tremendous potential for innovation, due to recent advances in light-emitting diode technology. Commercial facilities, which include offices, supermarkets, hotels, hospitals, and schools, account for almost 20% of all energy demand in the United States, with lighting accounting for 38% of that total. However, growth in laser technology, may impede market growth over the forecast period of 2021-2027.

Geographically, APAC is dominating the LED Lighting market and also expected to develop at the highest pace during the forecast period. This growth can be attributed to the respective governments’ initiatives to adopt light-emitting diodes, as well as the involvement of a significant number of market players including China, Indonesia, India, Vietnam, and Malaysia, the region’s fastest-developing countries, which have a booming construction industry due to strong local and migrant populations and evolving lifestyles. As a result, APAC’s rapidly increasing construction sector is also contributing to regional product demand.

Major market player included in this report are:

Digital Lumens Inc.
Cree Lighting (IDEAL INDUSTRIES INC.)
Acuity Brands Lighting Inc.
GE Current (acquired by American Industrial Partners (AIP)
LSI Industries Inc.
Panasonic Corporation
Siteco GmbH
Semiconductor Co. Ltd.
Zumtobel Group Ag
Hubbell

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product:
Lamps
Luminaires
By End Use:
Commercial
Industrial
Residential
By Application:
Indoor
Outdoor
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027.

Target Audience of the Global LED Lighting Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Chapter 1.Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. LED lighting Market , by Region, 2019-2027 (USD Billion)
1.2.2. LED lighting Market, by Product, 2019-2027 (USD Billion)
1.2.3. LED lighting Market, by End Use, 2019-2027 (USD Billion)
1.2.4. LED lighting Market , by Application, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global LED lighting Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global LED lighting Market Dynamics
3.1. LED lighting Market Impact Analysis (2019-2027)
3.1.1. Market Drivers
3.1.1.1. High Demand for LED Lighting Driven by the Modernization and Development of Infrastructure Such as Smart Cities
3.1.1.2. Need for Energy-Efficient Lighting Systems
3.1.2. Market Restraint
3.1.2.1. Alternative technologies
3.1.3. Market Opportunities
3.1.3.1. Increasing deployment of customised lighting solutions
3.1.3.2. Technological advancement
3.1.3.3. Favourable government initiative for LED lighting
Chapter 4. Global LED lighting Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global LED lighting Market , by Product
5.1. Market Snapshot
5.2. Global LED lighting Market by Product, Performance – Potential Analysis
5.3. Global LED lighting Market Estimates & Forecasts by Product 2018-2027 (USD Billion)
5.4. LED lighting Market , Sub Segment Analysis
5.4.1. Lamps
5.4.2. Luminaires
Chapter 6. Global LED lighting Market , by End Use
6.1. Market Snapshot
6.2. Global LED lighting Market by End Use, Performance – Potential Analysis
6.3. Global LED lighting Market Estimates & Forecasts by End Use 2018-2027 (USD Billion)
6.4. LED lighting Market , Sub Segment Analysis
6.4.1. Commercial
6.4.2. Residential
6.4.3. Industrial
Chapter 7. Global LED lighting Market , by Application
a. Market Snapshot
7.1. Global LED lighting Market by Application, Performance – Potential Analysis
7.2. Global LED lighting Market Estimates & Forecasts by Application 2018-2027 (USD Billion)
7.3. LED lighting Market , Sub Segment Analysis
7.3.1. Indoor
7.3.2. Outdoor
Chapter 8. Global LED lighting Market , Regional Analysis
8.1. LED lighting Market , Regional Market Snapshot
8.2. North America LED lighting Market
8.2.1. U.S. LED lighting Market
8.2.1.1. Product breakdown estimates & forecasts, 2018-2027
8.2.1.2. End Use breakdown estimates & forecasts, 2018-2027
8.2.1.3. Application breakdown estimates & forecasts, 2018-2027
8.2.2. Canada LED lighting Market
8.3. Europe LED lighting Market Snapshot
8.3.1. U.K. LED lighting Market
8.3.2. Germany LED lighting Market
8.3.3. France LED lighting Market
8.3.4. Spain LED lighting Market
8.3.5. Italy LED lighting Market
8.3.6. Rest of Europe LED lighting Market
8.4. Asia-Pacific LED lighting Market Snapshot
8.4.1. China LED lighting Market
8.4.2. India LED lighting Market
8.4.3. Japan LED lighting Market
8.4.4. Australia LED lighting Market
8.4.5. South Korea LED lighting Market
8.4.6. Rest of Asia Pacific LED lighting Market
8.5. Latin America LED lighting Market Snapshot
8.5.1. Brazil LED lighting Market
8.5.2. Mexico LED lighting Market
8.6. Rest of The World LED lighting Market
Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Digital Lumens Inc.
9.2.1.1. Key Information
9.2.1.2. Overview
9.2.1.3. Financial (Subject to Data Availability)
9.2.1.4. Product Summary
9.2.1.5. Recent Developments
9.2.2. Cree Lighting (IDEAL INDUSTRIES INC.)
9.2.3. Acuity Brands Lighting Inc.
9.2.4. GE Current (acquired by American Industrial Partners (AIP)
9.2.5. LSI Industries Inc.
9.2.6. Panasonic Corporation
9.2.7. Siteco GmbH
9.2.8. Semiconductor Co. Ltd.
9.2.9. Zumtobel Group Ag
9.2.10. Hubbell
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

The study of the market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. Our analysts contact company executives, managers, key opinion leaders, and industry experts. This enables our analyst to derive the closest possible figures without any major deviations in the actual number.

Primary Research Sources:

  • Interview conducted with raw material suppliers & manufacturers.
  • Interview conducted with manufacturers, suppliers & distributors, researchers, & representatives of regulatory bodies.
  • Interview conducted with market players, industry experts, & independent consultants.
  • Secondary Research Sources:
  • Purchased Database: D&B Hoovers, Bloomberg, Inc., Business Information Industry Association, NAICS Association.
  • Internal Database: White papers, Certified Publications, Articles by Recognized Authors and Regulatory Bodies.
  • Government Databases: Food and Agriculture Organization (FAO), European Industrial Hemp Association (EIHA), World Health Organization (WHO), Food and Drug Administration (FDA), International Telecommunication Union (ITU), United States Department of Agriculture (USDA), International organization of Motor Vehicle Manufacturers (OICA).

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