Heavy demand for new construction, rising usage in residential application along with declining LED prices will strengthen Asia’s position.
Rising Government Interventions: Governments around the world have passed measures to
phase out incandescent light bulbs for general lighting in favor of more
energy-efficient lighting alternatives. Moreover, engagement by the governments
of developed economies (UK & US) and emerging economies (India & China)
in the promotion of LED lighting products by providing the tax incentives and
subsidies for these products are fuelling the market growth.
Dramatic Cost Reduction: LED manufacturers have come up with new and
cost-effective technologies. The prices of LED fell from $12.4 in 2014 to $5.1
in 2019. The steep decline in the price of LED light sources is primarily
attributed to the increased supply in 2017 and competition among brands to gain
market share. In countries like China and India, the demand for LED has gone up
manifold since 2014 while the prices have reduced by a third.
Technological Advancements: Products
having technologies such as motion sensors, IOT technology, control options
through mobile applications, smart lighting has driven the market growth. Cities
across the globe have installed smart streetlights, built on an IoT backbone,
which are useful in traffic monitoring, crime detection, and sensing
environmental issues. Moreover, use of Light
Fidelity (Li-Fi) for transmitting data over light wave has reduced the burden
on the existing radio networks by offering last-mile connectivity to congested
areas.
Rising Awareness: Rising
consumer awareness about cost-effectiveness and eco-friendliness of LED lights has
driven the volume sales from the residential and well as the commercial sectors.
Residential lighting segment has witnessed high growth due to the adoption of
LED A-type lamps but commercial application continues to lead the market
applications.
The report titled “Global LED Lighting Market Outlook to 2025– Rise in Government Interventions, Rapid Technological Advancements and Rise in Smart City Projects will Drive the Market” provides a comprehensive analysis on global LED Lighting market. The report covers various aspects including the current global lighting scenario in value, its segmentations viz, type of LEDs, sales channel, technology, end users and regional analysis, major trends and development, issues and challenges, government regulations and competition benchmarking. The report concludes with market projections for future of the industry including forecasted industry size by revenue and prices.
By Type of LED
Luminaires
Lamps
By Type of LED Luminaries
Troffers
Downlights
High Bay
Outdoor Area Lights
Roadway Fixtures
Other Luminaries
By Type of LED Lamps
A-Lamps
Tubes
Reflectors
Other Lamps
By Usage
Indoor
Outdoor
By End User
Commercial
Residential
Industrial
Others
By Distribution Channel
Retail Sales
Project Sales
By Region
Asia-Pacific
North America
Europe
Latin America
Middle East and Africa
Companies Covered:-
Signify
OSRAM
GE
Lighting
Acuity
Brands
Cooper
Industries (Eaton)
Zumtobel
Group
Seoul
Semiconductor
Everlight
Electronics
Cree
Inc.
Dialight PLC
Syska LED
Bajaj Electricals
Panasonic
PT. Honoris Industry
Solarens Ledindo
PT.
Holz International Technology
Firefly Electric and
Lighting
Yatai International
Akari Lighting & Technology
TCP Holdings
Hubbell
Incorporated
Felio Sylvania
Nikkon
NVC Lighting
National Lighting
Company
Al Nasser Group
Key Target Audience:-
LED
Lighting Manufacturers
LED
Lighting Suppliers
LED
Lighting OEMs/Assemblers
LED
Lighting Importers/Exporters
Research
organizations and consulting companies
Government
bodies such as regulating authorities and policy makers
Market
research and consulting firms
Time Period
Captured in the Report:-
Historical
Period – 2014-2019
Forecast Period –2019-2025F
For More Information on
the research report, refer to below link:-
Related Reports:-
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
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