LED Lighting Market Revenue Analysis by Regions, Types and Manufacturers 2025

17^th March 2020 – The global “LED Lighting market” presents a widespread and elementary study of LED Lighting business at the side of the analysis of subjective aspects which is able to give key business insights to the readers. World LED Lighting Market analysis report offers the analytical read of the business by learning various factors like LED Lighting market growth, consumption volume, market trends and LED Lighting business price structures throughout the forecast amount from 2014 to 2025.

The global LED lighting market size is expected to value at USD 108.99 billion by 2025, during the forecast period. The market is subject to witness a substantial growth due to regular upgradation in energy conservation systems, advent of standardized deviation color matching (SDCM) system, and extended life cycle of CFL lamps. The use of smart and connected lighting solutions is constantly growing in different verticals such as domestic, commercial, and industrial sectors, is one of the major driving factor for the growth of the industry in recent years. Numerous benefits offered with the use of the LED lighting solutions over the traditional incandescent bulbs such as high efficiency, lower production cost, and moderate heat loss is spurring the progress of the market.

Technological advancements at present and inclination towards green lighting solutions over traditional systems to achieve high-end efficiency and reduced prices are fueling the growth of market in upcoming years. Globally, the LED lighting market is predicted to grow at CAGR of 14.4% in forecast period, providing numerous opportunity for market players to invest for research and development in the LED lighting industry.

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Main features of the report:

·         To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the global LED Lighting Market.

·         A complete backdrop analysis, which includes an assessment of the parent market

·         Important changes in market dynamics

·         Market segmentation up to the second or third level

·         To provide country level analysis of the market for segment by application, product type and sub-segments.

·         To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.

·         Track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global LED Lighting Market.

·         Emerging niche segments and regional markets

·         An objective assessment of the trajectory of the industry.

Furthermore, the stringent environmental laws by multiple local governmental agencies regarding greenhouse gas emissions are driving industry players to adopt to green lighting solutions. The growing need for electricity conservation across underdeveloped and developing countries due to insufficiency in electricity production is driving market demand for LED lighting solutions. Higher ratings and advanced design standards to achieve superior performance and high efficiency with the use of the LED lighting solutions is further attributing to the expansion of the LED lighting industry across developed regions across the globe.

The domestic or indoor LED lighting segment is expected to hold majority of the market share in recent years. While, it is anticipated that commercial segment will surpass the indoor segment in near future. The rising use of light emitting diodes as an ideal supplement to incandescent bulbs or HID or florescent bulbs is paving the way for growth of the indoor LED lighting market segment.

LED lightning have longer life cycle in comparison with the traditional lighting systems, and is considered one of the key reasons for increasing adoption of the LED lighting solutions. Also, they consume less electricity and dost not require any maintenance. The increase in adoption of the LED lighting solutions will allow to save as much as two hundred terawatt hours of electricity each year. As the prices of LED lighting systems falls, adoption of LED systems is expected to grow further.

Light emitting diodes systems utilizes fifty percent less electricity in comparison with conventional systems such as fluorescent or halogen bulbs, allowing substantial cost saving for consumers. LED lighting systems occur in various size and shapes in order maximize output while emitting least amount of heat in the process, unlike conventional lighting solutions that emits light and heat in all direction. The major reason for emission light in specific direction is, LEDs mainly placed on a flat surface so they distribute the light hemi-spherically instead of spherically. Also, at low degree temperatures, to kick start a fluorescent lamp a high voltage is required unlike LED bulbs.

The key players in the LED lighting industry are Philip Electronics Inc., Cree Co., OsramOpto Co., Digital Lumens Incorporations, GE Lighting Solutions and Toshiba Co.

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