December 2018
BWC1848

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led lighting marke
Global LED Lighting Market: Overview
Reduction in the price of LED products and an increase in infrastructure-building activities will drive the market. In recent years, significant reductions in the price of the LED lighting market have enhanced the adoption of various LED lighting products worldwide. Governments have also introduced favorable regulations regarding the conventional lighting and energy consumption across the United States, European Union, China, and India that are anticipated to favor the market demand for LED lighting.
THE Global LED Lighting market is expected to grow with a CAGR of 13% during the forecast period 2018-2025, due to the growing application of LED Lights in Residential, commercial, and Industrial sectors. The rising urban population and consumer shift towards energy-efficient lighting system will positively drive the LED lighting Market. Since the scarcity of natural resources and energy costs are increasing, LED lighting is among the most cost-effective products to reduce the depletion of natural energy resources.
Global LED Lighting Market Size, By Product, 2014-2025 (USD Billion)
Global LED Lighting Market: Key Product Analysis
LED Lighting Systems are segmented in various products, including LED Bulbs, LED Fixtures, Bare LED Tubes, LED Downlights, and others.
Ø LED bulbs to
Ø LED fixtures to require almost 50% less electricity than conventional lights. LED fixtures have extended life, which could be 30,000-50,000 hours and even longer. The performance of LED lights increases as the operating temperature decreases, unlike the incandescent lights. They have rapid cycling life and durability, which is mainly surging the growth of LED fixtures.
Global LED Lighting Market: End-Use Industry Analysis
Ø The increase in the population across the globe is also increasing the residential areas. The higher living standard of
people with various interior decorations and daily use need energy efficient
lighting systems which are speeding up the growth and demand for LED lighting
systems in the residential sector.
Ø
Global LED Lighting Market: Application Industry Analysis
Ø LEDs are much brighter when compared to
traditional halide street lamps helping illuminate the streets, parking lots, d sidewalks better. The LEDs have longer durability, the efficiency with the
added advantage of flexibility. The lamps can be found in various forms such as
wall-mounted fixtures, street lighting, motion sensor security lights, and
others. Thus, they are increasingly used in various outdoor applications.
Ø
Ø
Global LED Lighting Market: Distribution Channel Industry Analysis
Ø
Ø Online Suppliers of the LED lighting market are
growing rapidly as innovative technologies and changing lifestyles have
changed the preferences of consumers. People mostly buy LED lights online
since they are provided with tailor-made offers, free shipping, returns, etc.
People can choose from thousands of options and order their desired products
and get it home delivered at their preferred time and date.
Global LED Lighting Market: Regional Industry Analysis
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Global LED Lighting Market: Competitive Dynamics
Several players dominate the global LED lighting market; amongst them, the major players are Samsung electronics co. Ltd., Philips Lighting N.V., General Electric Company, L.G. Innotek co. Ltd, Everlight electronics co., ltd., Syska LED Lights Pvt. Companies in this industry are following different strategies to strengthen their market position.
We've been tracking the direct impact of COVID-19 on this market, and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Contact our sales team for more details at
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