#LEDLightingMarket
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The Indian LED Lighting Market is segmented by Application (Residential, Commercial, Industrial, Street Lighting, Government (Including Public Infrastructure)), and Product Type (Lamps and Luminaires).
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LED Lighting Market Size Worth $108.99 Billion By 2025 | CAGR 14.4%
The global LED lighting market size is expected to reach USD 108.99 billion by 2025, according to a new report by Grand View Research, Inc., and will register a CAGR of 14.4% during the forecast period. Continuous development of energy-saving capabilities, introduction of Standard Deviation Color Matching (SDCM) control, and longer lifespan compared to CFL lamps have accelerated demand for LED lamps at a global level. Introduction of smart/connected lighting and its multiple uses in residential, commercial, and industrial sectors has also spurred market growth.
Next-generation lighting has become a substitute for incandescent bulbs due to its benefits such as higher efficiency, low cost of operation, and reduced heat losses. Technological advancements, shift from conventional to green lighting, enhanced energy efficiency standards, and declining prices have also spurred demand. Moreover, strict regulatory policies across U.S., European Union, China, and Canada regarding conventional lighting and energy consumption are anticipated to favor market demand over the coming years. Corresponding ratings and design standards categorizing energy efficiency are also finding prevalence across economies such as Japan and China.
The indoor LED lighting segment held the largest share in 2016 and is anticipated to register a comparatively lower growth rate from 2017 to 2025. High adoption of light emitting diodes as an alternative to florescent, HID, and incandescent lightings has paved the way for indoor lighting on a large scale.
To request a sample copy or view summary of this report, click the link below: https://www.grandviewresearch.com/industry-analysis/led-lighting-market
Further key findings from the report suggest:
The global LED lighting market is expected to develop at a CAGR of 14.4% from 2017 to 2025
OLED emerged as the largest product segment in 2016 and is estimated to generate revenue worth USD 58.0 billion by 2025
Global LED luminaires demand was valued at USD 10.63 billion in 2016 and is anticipated to witness staggered growth over the course of the forecast period
The U.S. LED architectural lighting market was valued at USD 0.79 billion in 2016 and is anticipated to exhibit a CAGR of nearly 15.0% over the forecast period.
The industry in Asia Pacific is projected to witness substantial growth over the next decade owing to tremendous demand for energy-efficient lighting in residential and commercial sectors. The regional market is expected to exhibit a CAGR of 15.4% from 2017 to 2025
Key players such as Koninklijke Philips Electronics N.V.; OSRAM GmbH; Cree, Inc.; Eaton; and GE dominated the global LED lighting market, accounting for about 59.0% of the total revenue in 2016.
See More Reports of This Category: https://www.grandviewresearch.com/industry/electronic-devices
About Grand View Research:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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The LED lighting market is essentially determined by advantages offered by LED lights over glowing and fluorescent lights. View the detail article - bit.ly/2SY61kf
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LED Lighting Market To Grow in the Coming Years, New Research explores Factors Responsible
Sales of conventional lighting systems are expected to witness major downtrend in the upcoming years as every other consumer in the world is likely to prefer LEDs over incandescent or fluorescent ones. Rising awareness regarding benefits of LEDs will keep orchestrating steadfast growth in global demand for LED lightings. Persistence Market Research projects that by the end of 2025, over US$ 125 Bn worth of LED lightings will sold across the globe. Key insights in its forecast report on the global LED lighting market also predict that the market, which is presently valued at just over US$ 36 Bn, will expand at an impressive momentum and register 16.6% CAGR during the forecast period, 2017-2025.
Factors driving the global sales of LED lightings include:
Increasing adopting of LED lightings in commercial settings
Rising power consumption & overloading burden on conventional grid systems
Government initiatives promoting the use of LED lighting for cost-savings, energy efficiency and power conservation
High durability of LED lighting products, compared to other alternative lightings
Request Sample: https://www.persistencemarketresearch.com/samples/14905
The report, titled “LED Lighting Market: Global Industry Analysis and Forecast, 2017-2025,” projects that Asia-Pacific will remain the largest market for LED lighting in the world. Towards the end of forecast period, the contribution of Asia-Pacific to global LED lighting revenues will surpass 50%, registering a stellar revenue growth at 19.3%. The demand for LED lightings is also expected to remain high in Latin America, revenues from which are expected to reach US$ 2.3 Bn by 2017-end. Following these two regions, the LED lighting market in Middle East & Africa is expected to soar at 16.8% CAGR, while North America and Europe will showcase subpar revenue growth.
Key insights compiled in the report reveal that large population in countries such as India, China, Brazil and South Africa continues to remain dormant in terms of LED usage. Manufacturers of LED lightings can seize such untapped demographics and deploy their production units to extend their global clout. Furthermore, commercial viability of LED lightings, and their compliance with green technology initiatives is also expected to propel their global sales through 2025. Nevertheless, volatility of procuring raw materials such as aluminum at fair prices remains to be a key hurdle for LED lighting manufacturers. OSRAM Licht AG, GE Lighting LLC, Daktronics Inc., Eaton Corporation (Cooper Industries PLC), Cree, Inc., Sharp Corporation, Hubbell Lighting Inc., Samsung Electronics Co. Ltd., Philips Lumileds Lighting, Acuity Brands Lighting Inc., and Toshiba Lighting and Technology Corporation are observed as the world’s leading manufacturers of LED lightings, profiled in the report.
Download TOC: https://www.persistencemarketresearch.com/market-research/led-lighting-solutions-market/toc
Key Excerpts from the Report include:
While LED bulbs will remain top-selling product in the market, the demand for bare LED tubes and LED fixtures will gain traction during the forecast period
Through 2025, over 50% of global LED lighting revenues will be accounted by revenues arising from installation services
Likewise, end-use of LED lightings in commercial settings is presently accounting nearly half of global revenues
However, by 2025-end, residential end-use of LED lightings will soar by registering 16.9% CAGR
On the other hand, industrial settings will remain fastest-growing end-user of LED lightings in the world, showcasing a value CAGR of 18.6%
Outdoor and backlighting applications will collectively attribute to more than half of global revenues towards the end of 2025
Application of LED lightings in automotive and indoor settings will also gain traction, registering 17.2% and 19.3% CAGR respectively
About Us:
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance. To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
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