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Global LED Lighting Market By Dimitri Maximize

  in Business | Published 2019-04-11 11:12:56 | 17 Reads | Unrated

Summary

Global LED Lighting Market – Global Industry Analysis and Forecast (2018-2026) By Type, By Application, by end Users and By Geography.

Full Content

Global LED Lighting Market accounted for US$ 1.05Bn in 2017 is expected to reach US$ 9.74Bn by 2026 at a CAGR of 32.11% over the forecast period.

Global LED Lighting Market

The Global LED Lighting Market is segmented into the type, applications, end user and geography. In terms of Type

, Led lamps will be in higher demand due to rise in urbanization is driving the installation of new lamps, good temporal stability, declining manufacturing cost and rising awareness of environment protection will play crucial role for growth of led lamps in led lighting market.

In application, Indoor Lighting will grow fastest due to due to rise in demand for energy at global, rising consumer awareness about cost-effectiveness and eco-friendly, innovative lighting solutions will be key factor for growth in Global LED Lighting Market. The driving factor for the Global LED Lighting Market are due to increase in energy efficient lighting solutions, longer life span, highly efficient, higher brightness and cutting the cost from huge invest in lighting system will provide better market opportunity in led lighting market. Government’s norms and less price and entry of small firms will be the restrains for Global LED Lighting Market. Among region, Asia pacific is expected to grow at the highest CAGR during the forecast period. The market growth in the region can be attributed to the emerging economics, increasing in disposal income, changing life style and rise in urbanization will be key step in these region to boost the Global LED Lighting Market in the Asia pacific.

Global LED Lighting Market share is consolidated, as the key multinational players occupy the major industry share. General Electric Company, Phillips Lighting N.V, Cree Inc, OSRAM Licht AG, Virtual Extension, Eaton Corporation Plc, Zumtobel Group AG, Dialight plc, Samsung Electronics Co. Ltd, Digital Lumens Incorporations, Toshiba Co, Lighting Science Group, Solid State Lighting Systems, Mitsubishi, Lite-On Technology, Litecontrol, Lowcled, Epistar, Everlight Electronics and GYLED with brand portfolio expansion, mergers, collaborations and acquisitions are the key strategies adopted by the top players. For instance, in 2016, Apollo Global Management to Acquire Lumileds for US $2B.

Scope of the Global LED Lighting Market

Global LED Lighting Market By Types

• LED Lamps

• LED Luminaires

Global LED Lighting Market By Applications

• Outdoor Lighting

• Indoor Lighting

• Residential Lighting

• Railway Lighting

• Others Lighting

Global LED Lighting Market By Applications

• Commercial

• Residential

• Industrial

 
This information is reported by Maximize MArket Research

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