Lighting equipment characterize as construction equipment or hand-held tools that generally includes line trimmers, wheel barrows, handsaws, and post-hole diggers. It also includes various lighting elements (fluorescent lamps [CFL], incandescent bulbs, halogen incandescent bulbs, light emitting diodes [LED]), high intensity discharge [HID] bulbs, and their fixtures & accessory components and products used to provide the illumination & artificial lighting. With various lighting elements commanding noteworthy global markets, there are different manufacturing processes & supply chains for each lighting element technology.
Lighting tools are basically categorized into three major
categories: light sources, modifiers that control the spread of light, and
grips that support the lights. Growing urbanization is encouraging the market
to grow. Newer innovations & developments of products for instance LED that
support the green initiatives, are few other factors driving the growth of the
global LED lighting equipment market. Lighting equipment is basically used
across workplaces, homes, shops, roads, airports, hospitals, and sports
stadiums. Manufacturing organizations also use lighting equipment in products like
household appliances and other electronic gadgets. All these driven factors
will ensure the market’s growth during the coming years. Apart from this, high competition in the
market due to presence of various players is one of the factors hindering the
growth of the market. Additionally, high cost of the technologically advanced LED
lighting equipment becomes a defined problem for price sensitive consumers.
As per analysis, “Global
Light Emitting Diodes Lighting Equipment Market Status (2015-2019) and Forecast
(2020-2024) by Region Product Type & End-Use” some of the renowned companies
operating in the global light emitting diodes lighting equipment market include
Cooper Industries, GE Lighting, Samsung, ARRI Group, Nichia, OSRAM, Philips
lighting, Cree, EKTA, Toyoda Gosei and among others. Renowned players in this
industry manufacture the electric light bulbs & tubes as well as lamp
shades, lighting fixtures, and other components & parts.
Based on type, light emitting diodes lighting equipment market is
segmented as fixed general lamps, embedded lights, aquarium lamps, portable
general purpose lamps and power outlet mounted nightlights. In addition, based
on application, market is segmented as display screen, general lighting,
backlight source, electronic equipment and others.
Based on regional analysis, the North-America and Asia-Pacific
regions hold major share in global light
emitting diodes lighting equipment market owing to growth in construction
& infrastructural development coupled with surge in population across the
region. The Europe region is estimated to exhibit considerable growth rate due
to increase in government initiatives for the deployment of smart lighting
products ad toughening regulations for energy efficiency over the forecast
period. It is anticipated that future of the global light emitting diodes
lighting equipment market will be optimistic on account of growth in adoption
of smart lighting products and strong government focus on developing smart
cities during the forecast period.
For More Information, refer to
below link:-
Global
Light Emitting Diodes Lighting Equipment Market
Contact Us:-
Ken
Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
