Market of LED

According to a report by Exactitude Consultancy, top companies covered include: Lumileds Holding BV, Nordson Corporation, Seoul Viosys Co.Ltd

LUTON, BEDFORDSHIRE, UNITED KINGDOM, August 26, 2024 /EINPresswire.com/ -- 𝐓𝐡𝐞 𝐠𝐥𝐨𝐛𝐚𝐥 𝐋𝐄𝐃 𝐌𝐚𝐫𝐤𝐞𝐭 𝐰𝐚𝐬 𝐯𝐚𝐥𝐮𝐞𝐝 𝐚𝐭 𝐔𝐒𝐃 𝟕𝟖.𝟔𝟗 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝟐𝟎𝟐𝟐, 𝐚𝐧𝐝 𝐢𝐬 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐫𝐞𝐚𝐜𝐡 𝐔𝐒𝐃 𝟏𝟓𝟗.𝟗𝟒 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐛𝐲 𝟐𝟎𝟐𝟗, 𝐠𝐫𝐨𝐰𝐢𝐧𝐠 𝐚𝐭 𝐚 𝐂𝐀𝐆𝐑 𝐨𝐟 𝟏𝟏.𝟐% 𝐟𝐫𝐨𝐦 𝟐𝟎𝟐𝟒 𝐭𝐨 𝟐𝟎𝟑𝟎.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰

A light-emitting diode (LED) is a semiconductor light source that converts electrical energy directly into light energy. These devices are often used in lamps as replacement of incandescent light sources. LED lighting is expected to be one of the most energy-efficient and rapidly developing lighting technology in the global market. LED lights operate for a longer duration, are durable in nature, and offer better lighting quality compared to the traditional lighting technologies.

LED is expected to take over the conventional Compact Fluorescent Lamp (CFL) and Cold Cathode Fluorescent Lamp (CCFL) lighting market due to advanced features. Moreover, it is a cost-effective solution for all lighting as well as other applications, including backlighting in large screen displays and  non-backlight displays (OLED). Apart from the aforementioned cost benefit, the initial cost of LED lighting is very high and this restricts its initial acceptance. However, due to longer lifespan of LEDs, the overall cost of the same is found to be very low in comparison to CFLs.

𝐆𝐞𝐭 𝐭𝐡𝐞 𝐏𝐃𝐅 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐋𝐄𝐃 𝐫𝐞𝐩𝐨𝐫𝐭 @:

https://exactitudeconsultancy.com/reports/13880/led-market/#request-a-sample

𝐊𝐞𝐲 𝐃𝐫𝐢𝐯𝐞𝐫𝐬:

Energy Efficiency: LEDs consume significantly less power compared to traditional lighting technologies, which has spurred their adoption in both residential and commercial applications.

Government Initiatives: Many governments worldwide have implemented policies and subsidies encouraging the transition to LED lighting, further boosting market growth.

Technological Advancements: Innovations in LED technology, including improvements in brightness, color range, and smart lighting solutions, have expanded their application across various sectors such as automotive, healthcare, and consumer electronics.

Decreasing Costs: The declining cost of LED components due to mass production and economies of scale has made LEDs more affordable, increasing their adoption rate.

Environmental Concerns: Growing awareness about climate change and the need to reduce carbon footprints has led to a surge in demand for eco-friendly lighting solutions like LEDs.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:

In this section, we assess the competitive landscape of the LED Market, focusing on key players.

Lumileds Holding BV, Nordson Corporation, Seoul Viosys Co.Ltd., Honle UV America Inc., LG Innotek Co. Ltd, Halma Plc, Heraeus Holding Gmbh, Hnle Group, OSRAM, Koninklijke Philips N.V., Crystal IS, Sensor Electronic Technology, Phoseon Technology, Nichia Corporation, Signify N.V., Lumileds Holding B.V., Seoul Semiconductor Co Ltd, LG Electronics Inc., Samsung Electronics Co. Ltd., PlayNitride Inc., Cambridge Display Technology Limited., Everlight Electronics Co., General Electric Company, Seoul Semiconductor Co.Ltd  and Others

𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭 𝐨𝐟 𝐭𝐡𝐞 𝐋𝐄𝐃 𝐌𝐚𝐫𝐤𝐞𝐭 @:

https://exactitudeconsultancy.com/reports/13880/led-market/

𝐋𝐄𝐃 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬

𝐁𝐲 𝐏𝐫𝐨𝐝𝐮𝐜𝐭 (𝐔𝐒𝐃 𝐁𝐢𝐥𝐥𝐢𝐨𝐧)

The LED market is categorized into different product categories such as lamps and luminaires among others. Lamps include A-lamps, T-lamps and other lamp types, commonly used in both-domestic and industrial applications. The market for LED lamps therefore exists so as to remove traditional incandescent and CFL lamps for more efficient lamps. Due to the increasing population of the world and expansion of major cities in particular, the need for affordable sources of lighting is given significance enhancing the demand of the lamp segment. This, however, excludes luminaires which comprise of streetlights, downlights, troffers, and other lights intended for particular functions. Luminaires are pivotal in the public installation services, commercial places as well as industrial building constructions whenever efficient and quality lightings are required. The presence of smart lighting solutions and the governmental actions that are aimed at increasing the energy efficiency of public lighting also stimulates the further development of this segment.

𝐁𝐲 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧 (𝐔𝐒𝐃 𝐁𝐢𝐥𝐥𝐢𝐨𝐧)

There are basically two major clusters into which the LED market is applied; they are the indoor application and the outdoor application. Residential and commercial use of this product is most visible, however, industrial application is not left out in this sector. This transformation has been facilitated due to several factors some of which include need to reduce energy consumption in lighting systems, low maintenance costs and high quality light produced by LEDs for indoor lighting. Smart lighting systems which would afford improved control and customization of inner environments are also reported to propel the demand in this segment. Outdoor application include; road lighting, outdoor lighting and any other lighting that is done outside the building. Outdoor LED lighting enjoys high demand due to the need for energy products with high visual intensity for application in harsh and extreme weather conditions. Use of LED lighting for public places, roads and outdoor business areas has also remained high with the aim of cutting cost and pollution.

𝐁𝐲 𝐄𝐧𝐝-𝐔𝐬𝐞 (𝐔𝐒𝐃 𝐁𝐢𝐥𝐥𝐢𝐨𝐧)

The LED market has several applications or sectors in which it operates; these are the commercial, residential, industrial and others sectors. It is used in the commercial industries such as offices, shops, malls, hotels, hospitals among others due to their efficiency. The desire to decrease operation cost while at the same time have consideration on the environment make LED lighting preferable in such areas. Likewise, the residential segment also showing good growth and increasing day by day due to increasing trends of using the LED bulbs and LED fixtures at homes for better lighting and longer-life along with better looks. In the industrial segment they are applied to task lighting, high bay lighting and some other placements which demand durable and rather resistant lighting sources. A boost in the importance of energy efficient lighting solutions especially in manufacturing plants, warehouses and production facilities is the key driver in this segment. The other one consists of the other applications where different requirements in terms of lighting and new trends in the technology are present, which create new opportunities to use LED products in transportation, agriculture, entertainment, and others.

In conclusion, LED market development in the given segments is driven by the growing need for energy-saving, environmentally friendly, and multifunctional lighting products that can be utilized in various industries and by various consumers.

𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐬: 𝐋𝐄𝐃 𝐌𝐚𝐫𝐤𝐞𝐭

LED Market by Product, 2022-2029, (USD Billion)

Lamps
A-Lamps
T-Lamps
Others
Luminaires
Streetlights
Downlights
Troffers
Other

LED Market By Application, 2022-2029, (USD Billion)

Indoor
Outdoor

LED Market By End-Use, 2022-2029, (USD Billion)

Commercial
Residential
Industrial
Others

LED Market By Material, 2022-2029, (USD Billion)

Indium Gallium Nitride (Ingan)
Aluminium Gallium Indium Phosphide (Algainp)
Aluminium Gallium Arsenide (Algaas)
Gallium Phosphide (Gap)

LED Market By Region, 2022-2029, (USD Billion)

North America
Europe
Asia Pacific
South America
Middle East And Africa

𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐏𝐨𝐢𝐧𝐭𝐬 𝐂𝐨𝐯𝐞𝐫𝐞𝐝 𝐢𝐧 𝐓𝐚𝐛𝐥𝐞 𝐨𝐟 𝐂𝐨𝐧𝐭𝐞𝐧𝐭 𝐨𝐟 𝐆𝐥𝐨𝐛𝐚𝐥 𝐋𝐄𝐃 𝐌𝐚𝐫𝐤𝐞𝐭:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the LED market

Chapter 2: Exclusive Summary - the basic information of the Market.

Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the LED

Chapter 4: Presenting the Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Trademark Analysis.

Chapter 5: Displaying the by Type, End User and Region

Chapter 6: Evaluating the leading manufacturers of the LED market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile

Chapter 7: To evaluate the market by segments, by countries and by Manufacturers with revenue share and sales by key countries in these various regions (2024-2030)

Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

𝐊𝐞𝐲 𝐐𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬 𝐂𝐨𝐯𝐞𝐫𝐞𝐝 𝐢𝐧 𝐋𝐄𝐃 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭:

What is the present LED market size in terms of revenue and volume, and how much growth is expected during the forecast period?

Which are the key developments that are anticipated to stimulate LED market trends?

Which factors will trigger product demand and how much product consumption is estimated?

What are the upcoming business opportunities and restraints?

Which region will dominate the global LED market share?

𝐓𝐨𝐩 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:

𝐃𝐚𝐭𝐚 𝐂𝐞𝐧𝐭𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭

The global data center market is anticipated to grow from USD 292.91 Billion in 2023 to USD 536.28 Billion by 2030, at a CAGR of 10.72% during the forecast period.

https://exactitudeconsultancy.com/reports/36044/data-center-market/

𝐌𝐢𝐜𝐫𝐨 𝐁𝐚𝐭𝐭𝐞𝐫𝐲 𝐌𝐚𝐫𝐤𝐞𝐭

The global micro battery market is expected to grow at 21% CAGR from 2024 to 2030. It is expected to reach above USD 1497.96 million by 2029 from USD 394.46 million in 2022.

https://exactitudeconsultancy.com/reports/23731/micro-battery-market

𝐒𝐦𝐚𝐫𝐭 𝐇𝐨𝐬𝐩𝐢𝐭𝐚𝐥𝐢𝐭𝐲 𝐌𝐚𝐫𝐤𝐞𝐭

The global Smart Hospitality market is anticipated to grow from USD 17.1 Billion in 2023 to USD 83.40 Billion by 2030, at a CAGR of 25.4 % during the forecast period.

https://exactitudeconsultancy.com/reports/32923/smart-hospitality-market/

𝐅𝐫𝐞𝐢𝐠𝐡𝐭 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐒𝐲𝐬𝐭𝐞𝐦 𝐌𝐚𝐫𝐤𝐞𝐭

The global freight management system market size was valued at USD 17.49 billion in 2022, and projected to reach USD 50.20 billion by 2029, with a CAGR of 12.43% from 2023 to 2029.

https://exactitudeconsultancy.com/reports/15389/freight-management-system-market/

𝐂𝐡𝐞𝐦𝐢𝐜𝐚𝐥 𝐕𝐚𝐩𝐨𝐮𝐫 𝐝𝐞𝐩𝐨𝐬𝐢𝐭𝐢𝐨𝐧 (𝐂𝐕𝐃) 𝐄𝐪𝐮𝐢𝐩𝐦𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭

The global chemical vapour deposition (CVD) equipment market is expected to grow at 11% CAGR from 2024 to 2030. It is expected to reach above USD 24.39 billion by 2029 from USD 11 billion in 2020.

https://exactitudeconsultancy.com/reports/11201/chemical-vapour-deposition-cvd-equipment-market/

𝐒𝐚𝐭𝐞𝐥𝐥𝐢𝐭𝐞 𝐃𝐚𝐭𝐚 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭

The global satellite data services market size is expected to grow at more than 20.21% CAGR from 2024 to 2030. It is expected to reach above USD 6.29 billion by 2030 from a little above USD 32.97 billion in 2022.

https://exactitudeconsultancy.com/reports/19646/satellite-data-services-market/

𝐌𝐢𝐥𝐢𝐭𝐚𝐫𝐲 𝐄𝐦𝐛𝐞𝐝𝐝𝐞𝐝 𝐒𝐲𝐬𝐭𝐞𝐦𝐬 𝐌𝐚𝐫𝐤𝐞𝐭

The global military embedded system market is expected to grow at 9.1 % CAGR from 2020 to 2029. It is expected to reach above USD 2.92 billion by 2029 from USD 0.87 billion in 2020.

https://exactitudeconsultancy.com/reports/18643/military-embedded-systems-market/

𝟑𝐃 𝐏𝐫𝐢𝐧𝐭 𝐑𝐚𝐰 𝐌𝐚𝐭𝐞𝐫𝐢𝐚𝐥𝐬 𝐌𝐚𝐫𝐤𝐞𝐭

The global 3D Print Raw Materials market is anticipated to grow from USD 1.36 Billion in 2023 to USD 6.85 Billion by 2030, at a CAGR of 26 % during the forecast period.

https://exactitudeconsultancy.com/reports/31976/3d-print-raw-materials-market/

𝐁𝐚𝐤𝐞𝐫𝐲 𝐄𝐪𝐮𝐢𝐩𝐦𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭

The global bakery equipment market is expected to grow at 5.1% CAGR from 2024 to 2030. It is expected to reach above USD 15.26 billion by 2028 from USD 10.72billion in 2019.

https://exactitudeconsultancy.com/reports/2247/bakery-equipment-market/

𝐂𝐨𝐥𝐝 𝐑𝐨𝐥𝐥𝐢𝐧𝐠 𝐌𝐢𝐥𝐥𝐬 𝐌𝐚𝐜𝐡𝐢𝐧𝐞 𝐌𝐚𝐫𝐤𝐞𝐭

The global Cold Rolling Mills Machine Market size is projected to grow from USD 6.35 billion in 2023 to USD 8.82 billion by 2030, exhibiting a CAGR of 4.8% during the forecast period.

https://exactitudeconsultancy.com/reports/35291/cold-rolling-mills-machine-market/

𝑾𝒆 𝒐𝒇𝒇𝒆𝒓 𝒄𝒖𝒔𝒕𝒐𝒎𝒊𝒛𝒂𝒕𝒊𝒐𝒏 𝒐𝒏 𝒕𝒉𝒆 𝑳𝑬𝑫 𝒎𝒂𝒓𝒌𝒆𝒕 𝒓𝒆𝒑𝒐𝒓𝒕 𝒃𝒂𝒔𝒆𝒅 𝒐𝒏 𝒔𝒑𝒆𝒄𝒊𝒇𝒊𝒄 𝒄𝒍𝒊𝒆𝒏𝒕 𝒓𝒆𝒒𝒖𝒊𝒓𝒆𝒎𝒆𝒏𝒕𝒔:

https://exactitudeconsultancy.com/primary-research/

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𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

Exactitude Consultancy is a Market research & consulting services firm which helps its client to address their most pressing strategic and business challenges. Our professional team works hard to fetch the most authentic research reports backed with impeccable data figures which guarantee outstanding results every time for you. So, whether it is the latest report from the researchers or a custom requirement, our team is here to help you in the best possible way.

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