Press release
LED Indicator Lamps Market Size – Latest Growth, Development Trends & Forecast Report to 2025
The objectives of this study are as follows:
To define, describe, and forecast the "LED Indicator Lamps" market by type, application, component, delivery model, end user, and region
To provide detailed information regarding major factors influencing market growth (drivers, restraints, opportunities, and industry-specific challenges)
To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
To forecast the market size of market segments with respect to the four key regions: North America, Europe, Asia, and the Rest of the World (RoW)
To strategically profile the key players and comprehensively analyze their product portfolios, market positions, and core competencies
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LED Indicator Lamps Market: Overview
The world has been moving towards automation rapidly. Indicator lamps are a crucial part of any automation process. They are generally used for notification of onset and termination of a process. They can also be used for indication of any intermediate process or flash warnings. To make this process energy efficient, these days in most places LED indicator lamps are used. A light-emanating diode (LED) is a semiconductor device that transmits visible light when an electric current goes through it. The light is not especially bright, but rather in many LEDs it is monochromatic, happening at a single wavelength. The yield from a LED can go from red (at a wavelength of around 700 nanometers) to blue-violet (around 400 nanometers). A few LEDs produce infrared (IR) vitality (830 nanometers or more); such a gadget is known as an infrared-transmitting diode (IRED). A LED or IRED comprises of two components of prepared material called P-type semiconductors and N-type semiconductors. These components when I direct contact form a P-N intersection. LED indicator lamps are preferred over other indicator because it has low power consumption, longer life, high efficiency, resistance to shock and vibration and cool operation. LED indicator lamps have some disadvantages, majorly, Moderate viewing angle, higher initial cost and the leakage current can cause lamp to stay ON. LEDs do undergo a progressive abatement in yield as they age. Manufacturer consider such lights to have achieved the finish of their helpful lives when the brilliance tumbles to half of its original value. It is by and large acknowledged that the human eye will just notice a diminishment in brilliance after half.
LED Indicator Lamps Market: Dynamics
The key factors driving LED Indicator Lamps Market are growing automation and industrialization. The benefits offered by LED over other illumination sources are further driving the market rapidly. The energy efficiency aspect of led indicator lamp also promotes its growth.
LED Indicator Lamps Market is restrained by high initial purchasing costs.
LED Indicator Lamps Market: Segmentation
The Global LED Indicator Lamps Market is segmented by Product Type, Operating voltage and mode of operation.
The Global LED Indicator Lamps Market is segmented by Product Type as
Two- state
Bar graph
Alpha numeric readout
The Global LED Indicator Lamps Market is segmented by Operating Voltage as
2 volts
6 volts
12 volts
24 volts
More than 24 volts
The Global LED Indicator Lamps Market is segmented by mode of operation as
Direct current operation
Alternating current operation
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LED Indicator Lamps Market: Regional Outlook
Geographically, the Global LED Indicator Lamps Market is designed for seven regions namely, North-America, Western Europe, Asia Pacific except Japan (APEJ), Eastern Europe, Latin America, the Middle East & Africa and Japan. Currently Asia-Pacific holds the largest market share in the global LED Indicator Lamps Market more than 35%. China is the largest producer of LED indicator lamps in the world closely followed by Japan, North America and Europe.
LED Indicator Lamps Market: Key players
Some of the key players in the global LED Indicator Lamps Market are
Allied Electronics, Inc.
Marl International Limited
Dialight plc
Visual Communications Company, LLC (VCC)
New Yorker Electronics
JKL Components Corporation
EAO AG
Signal-Construct Elektro-optische-Anzeigen und Systeme GmbH
Omron Corporation
Lumex Inc.
Honeywell International Inc.
RS Components Ltd.
LED Indicator Lamps Market: Competitive Analysis
Key manufacturers LED Indicator Lamps are focusing in product development including enabling wider industrial applications with the help of their R&D department. A new 14 mm Mount CL Series Panel LED for industrial and outdoor applications has been unveiled by New Yorker Electronics.The CL Series incorporates a 10 mm LED available in red, green, yellow, blue and bicolor options. Factory prewired with internal resistors, the indicators can be configured for voltages up to 60 VDC or 120/240 VAC. The LED Indicator Lamps Market is likely to witness further more technological developments which will trigger the market growth during the forecast period.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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