January 30, 2023

Global “Lighting  study 2022, the industry landscape is covered from driving factors to upstream markets and the overall state of the market. An in-depth analysis of the overall growth prospects for the global and regional market was provided which was based on an in-depth analysis of key industry players, primary and secondary data.

Market Analysis and Insights: Global LED Lighting Market

Due to the COVID-19 pandemic, the global LED Lighting Market size is estimated to be worth USD million in 2022 and is forecast to a readjusted size of USD million by 2028 with an Impressive CAGR during the review period. Fully considering the economic change by this health crisis, Small Size accounting for % of the LED Lighting Market in 2022, is projected to value USD million by 2028, growing at a revised magnificent CAGR in the post-COVID-19 period. While Chemical Industry segment is altered to a magnificent CAGR throughout this forecast period.

 The global lighting market size was USD 118.33 billion in 2019 and is projected to reach USD 163.72 billion by 2027, exhibiting a CAGR of 4.3% during the forecast period

LED Lighting Market Regional Analysis:

Moreover, This report focuses on LED Lighting Market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application. Regional analysis is another highly comprehensive part of the research and analysis study of the global market presented in the report. This section sheds light on the sales growth of different regional and country-level markets. For the historical and forecast period to 2029, it provides detailed and accurate country-wise volume analysis and region-wise market size analysis of the global market.

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Top companies in the Global LED Lighting Market research report include:

  • GE Lighting (Ohio, United States)
  • Koninklijke Philips N.V. (Amsterdam, Netherlands)
  • Panasonic Corporation (Osaka, Japan)
  • OSRAM Licht AG (Munich, Germany)
  • Schneider Electric SE (Rueil-Malmaison, France)
  • Cree, Inc. (North Carolina, United States)
  • CITIZEN ELECTRONICS CO., LTD. (Amanashi-ken, Japan)
  • Lumerica (Vancouver, Canada)
  • Havells India Ltd. (Uttar Pradesh, India)
  • LEDtronics, Inc. (California, United States)
  • Patriot LED (Ohio, United States)
  • Acuity Brands, Inc. (Georgia, United States)

Drivers & Restraints

Rising Construction Activities in Developing Economies to Propel Growth

Rising construction activities in developing economies such as India, China, and many African countries have opened up the massive potential for the growth of the artificial light market. Governments in these regions are working to provide homes to underprivileged populations. Thus fueling the market growth.

On the other hand, due to stringent government policies, many manufactures are facing difficulties to set new light manufacturing units. Besides, high investment in the R&D sector and reduced availability of raw materials, and lack of advanced manufacturing equipment in developing economies are obstructing the market growth.

Market Segmentation-

  • Market Sizing Estimations and Forecasts – By Lighting Type (Value)
    • LEDs
    • CFLs
    • LFLs
    • HIDs
    • Halogens
    • Incandescent
  • Market Sizing Estimations and Forecasts – By Application (Value)
    • General
    • Automotive
    • Backlighting
    • Others
  • Market Sizing Estimations and Forecasts – By End User (Value)
    • Residential
    • Commercial
    • Industrial
  • Market Analysis, Insights and Forecast – By Region (Value)
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • Latin America

COVID-19 Outbreak Impact Analysis on LED Lighting Market

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

The COVID-19 outbreak has spawned widespread economic distress and uncertainty, with many industries, markets, and businesses undergoing tremendous stress. However, together, the global community can tide over these challenging times and at Fortune Business Insights™, we aim to provide precise market intelligence through extensive and intensive research into the impact of this pandemic on various businesses.

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LED Lighting Market Historical Data:

  • Industry Trends: Global Revenue, Status and Outlook.
  • Market segment: by types, by applications, by regions / geography.
  • Competitive landscape: for producers, development trends.
  • Revenue of the product for the best players: market share, growth rate, analysis of the current market situation.
  • Sales revenue: market share, growth rate, current market analysis.

Research Methodology:

We follow a robust research methodology that involves data triangulation based on top-down, bottom-up approaches, and validation of the estimated market numbers through primary research. The information used to estimate the market size and forecast for various segments at the global, regional, and country-level is derived from the most credible published sources and through interviews with the right stakeholders.

The Growth rate or CAGR exhibited by a market for a certain forecast period is calculated on the basis of various factors and their level of impact on the market. These factors include market drivers, restraints, industry challenges, market and technological developments, market trends, etc.

Frequently Asked Question-

• How big is the LED lighting market?
• Which brand is best for lighting?
• What is the current status of LED industry?
• How do you market LED lights?
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If you have any special requirements, please let us know and we will offer you the report as you want. you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.

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