Global LED Lighting Market
Dublin, March 15, 2022 (GLOBE NEWSWIRE) -- The "Global LED Lighting Market, By Type (LED Bulbs and Lamps, Batten Lights, Downlights, Others), By Application (Outdoor Lighting and Indoor Lighting), By Installation Type, By End-Use, By Distribution Channel, By Region, Competition Forecast and Opportunities, 2026" report has been added to ResearchAndMarkets.com's offering.The Global LED Lighting Market valued at USD66.83 billion in 2020 and is projected to grow with a CAGR of 3.73% to reach USD81.09 billion by 2026. An increase in demand for the energy-efficient lighting system, reduction in LED product costs, and ongoing smart city construction projects going around the globe are the major factors driving the growth of the Global LED Lighting Market in the forecast period.High-end investments made by leading authorities in research and development activities to find innovative solutions to lower the cost of LED lighting are creating lucrative opportunities for the growth of the Global LED Lighting Market. Organizations install LED lighting in their office premises to reduce electricity costs as LED lights are highly energy-efficient and consume less energy to provide maximum output.
The growing disposable income of consumers enables them to afford a quality lifestyle and upgrade to adopt the latest technologies for their indoor lighting. Growing internet penetration and proliferation of smart devices and the rise in awareness about using smart connected lighting systems that consumers can control using mobile devices from remote locations is expected to create enormous potential for the Global LED Lighting Market in the forecast period. However, lack of consumer awareness and using LED with incandescent fixtures may hinder the growth of the Global LED Lighting Market in the forecast period.The Global LED Lighting Market can be segmented based on Type, Application, Installation type, End-use, Distribution channel, and region. Based on application, the market is bifurcated into indoor lighting and outdoor lighting. The outdoor lighting is expected to hold the largest market share in the forecast period. The rise in the number of product launches, product innovations, and the increased expenditure by the government on improving the outdoor lighting system is driving the demand for outdoor lighting all over the globe.Signify N.V, Acuity Brands Inc., Osram GmBH, Seoul Semiconductor Co., Ltd., Zumtobel Lighting GmbH, General Electric Co, Fagerhult Group, Hubbell Incorporated, Everlight Electronics Co Ltd., Foshan Electrical & Lighting Co Ltd, Endo Lighting Corp, LSI Industries Inc., FW Thorpe Plc, Havells India Ltd, Dialight plc are the major players operating in the Global LED Lighting Market.Years considered for this report:
Objective of the Study:
Key Topics Covered:1. Product Overview2. Research Methodology3. Impact of COVID-19 on Global LED Lighting Market4. Executive Summary5. Voice of Customers5.1. Reason for Buying LED Bulbs5.2. Reasons for Replacing Lights Currently in Use5.3. Consumers View on the Most Valuable Advantage of LED lights5.4. Price Perception when LED compared to Traditional Lightings6. Global LED Lighting Market Outlook6.1. Market Size & Forecast6.1.1. By Value6.2. Market Share & Forecast6.2.1. By Type (LED Bulbs and Lamps, Batten Lights, Downlights, Others)6.2.2. By Application (Outdoor Lighting, Indoor Lighting)6.2.3. By Installation Type (Retrofit Installation, New Installation)6.2.4. By End-Use (Commercial, Residential, Industrial)6.2.5. By Distribution Channel (Direct Sales, Retail)6.2.6. By Region (Asia-Pacific, North America, Europe, Middle East & Africa, South America)6.2.7. By Company (2020)6.3. Product Market Map7. Asia-Pacific LED Lighting Market Outlook8. North America LED Lighting Market Outlook9. Europe LED Lighting Market Outlook
10. Middle East & Africa LED Lighting Market Outlook11. South America LED Lighting Market Outlook12. Market Dynamics12.1. Drivers12.2. Challenges13. Market Trends & Developments14. Policy & Regulatory Landscape15. Competitive Landscape15.1. Competition Outlook15.2. Company Profiles15.2.1. Signify N.V.15.2.2. Acuity Brands Inc.15.2.3. Osram Licht AG15.2.4. Seoul Semiconductor Co., Ltd.15.2.5. Zumtobel Group AG15.2.6. General Electric Co.15.2.7. Fagerhult Group15.2.8. Hubbell Incorporated15.2.9. Everlight Electronics Co Ltd15.2.10. Foshan Electrical & Lighting Co Ltd15.2.11. Endo Lighting Corp15.2.12. LSI Industries Inc.15.2.13. FW Thorpe Plc15.2.14. Havells India Ltd15.2.15. Dialight plc16. Strategic Recommendations
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