San Francisco, 25
February, LED Lighting Market Size, Share & Trends Analysis Report By
Product (Basic LED, High Brightness LED, OLED), By Design (Lamps, Luminaires),
By Application (Indoor, Outdoor), And Segment Forecasts, 2018 - 2025
The global LED lighting market size is expected to reach
USD 108.99 billion by 2025, according to a new report by Grand View Research,
Inc., and will register a CAGR of 14.4% during the forecast period. Continuous
development of energy-saving capabilities, introduction of Standard Deviation
Color Matching (SDCM) control, and longer lifespan compared to CFL lamps have
accelerated demand for LED lamps at a global level. Introduction of
smart/connected lighting and its multiple uses in residential, commercial, and
industrial sectors has also spurred market growth.
Next-generation lighting has
become a substitute for incandescent bulbs due to its benefits such as higher
efficiency, low cost of operation, and reduced heat losses. Technological
advancements, shift from conventional to green lighting, enhanced energy
efficiency standards, and declining prices have also spurred demand. Moreover,
strict regulatory policies across U.S., European Union, China, and Canada
regarding conventional lighting and energy consumption are anticipated to favor
market demand over the coming years. Corresponding ratings and design standards
categorizing energy efficiency are also finding prevalence across economies
such as Japan and China.
The indoor LED lighting segment
held the largest share in 2016 and is anticipated to register a comparatively
lower growth rate from 2017 to 2025. High adoption of light emitting diodes as
an alternative to florescent, HID, and incandescent lightings has paved the way
for indoor lighting on a large scale.
Access Full Research
Report On LED Lighting Market Analysis: www.grandviewresearch.com/industry-analysis/led-lighting-market
Further key findings from the report suggest:
·
The global LED lighting market
is expected to develop at a CAGR of 14.4% from 2017 to 2025
·
OLED emerged as the largest
product segment in 2016 and is estimated to generate revenue worth USD 58.0
billion by 2025
·
Global LED luminaires demand
was valued at USD 10.63 billion in 2016 and is anticipated to witness staggered
growth over the course of the forecast period
·
The U.S. LED architectural
lighting market was valued at USD 0.79 billion in 2016 and is anticipated to
exhibit a CAGR of nearly 15.0% over the forecast period.
·
The industry in Asia Pacific is
projected to witness substantial growth over the next decade owing to
tremendous demand for energy-efficient lighting in residential and commercial
sectors. The regional market is expected to exhibit a CAGR of 15.4% from 2017
to 2025
·
Key players such as Koninklijke
Philips Electronics N.V.; OSRAM GmbH; Cree, Inc.; Eaton; and GE dominated the
global LED lighting market, accounting for about 59.0% of the total revenue in
2016.
Browse More Reports Of This Category By
Grand View Research At:
https://www.grandviewresearch.com/industry/electronic-devices
https://www.grandviewresearch.com/industry/electronic-devices
Grand View Research has segmented the
global LED lighting market on the basis of product, design, application, and
region:
LED Lighting Product Outlook
(Revenue, USD Million, 2014 - 2025)
·
Basic LED
·
High brightness LED
·
OLED
·
Others
LED Lighting Design Outlook
(Revenue, USD Million, 2014 - 2025)
·
Lamps
o
A-Lamps
o
MR-16
o
Reflectors
o
T-Lamps
o
Others
·
Luminaires
o
Streetlights
o
Downlights
o
High Bays
o
Troffers
o
Track lights
o
Suspended pendants
o
Others
LED Lighting Application
Outlook (Revenue, USD Million, 2014 - 2025)
·
Indoor
o
Commercial
o
Residential
o
Industrial
o
Others
·
Outdoor
o
Architectural
o
Public places
o
Others
LED Lighting Regional Outlook
(Revenue, USD Million, 2014 - 2025)
·
North America
o
U.S.
o
Canada
·
Europe
o
U.K.
o
Germany
·
Asia Pacific
o
China
o
India
o
Japan
·
Latin America
o
Brazil
o
Mexico
·
Middle East & Africa
Browse Press Release of this Report:
www.grandviewresearch.com/press-release/global-led-lighting-market
www.grandviewresearch.com/press-release/global-led-lighting-market
About Grand View
Research
Grand View
Research provides syndicated as well as customized research reports and
consulting services on 46 industries across 25 major countries worldwide. This
U.S.-based market research and consulting company is registered in California
and headquartered in San Francisco. Comprising over 425 analysts and
consultants, the company adds 1200+ market research reports to its extensive
database each year. Supported by an interactive market intelligence platform,
the team at Grand View Research guides Fortune 500 companies and prominent
academic institutes in comprehending the global and regional business
environment and carefully identifying future opportunities.
For more information:
www.grandviewresearch.com/
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