Light Engine Market is Expected to Reach US$ 6,380 Mn by 2026, Observes TMR
Based on application, the residential segment is foreseen to increase the revenue by the end of forecast period, due to rise in urbanization and increase in number of smart cities across the globe. Thus, increased adoption of LED lighting in residential segment is a propelling factor behind the high demands. Besides, various initiatives taken by the government in order to spread awareness about using LED and discarding conventional lamps is one more reason behind the surge in demand for light engine in commercial sector during 2018 to 2026.
Get PDF Sample of Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=41897
Various Government Initiatives to Fuel Overall Market Demand
Moreover, the rise in usage of flexible light engines in commercial and residential area is also leading to the expansion of the market in coming years. Additionally, the extensive usage of round or linear light engine in areas such as industrial, commercial, and residential is also fueling the overall demand in the market. Furthermore, horticulture and automotive industries are using rigid light engines. Also, LEDs are being used in street lights, which is acting beneficial for light engine market, globally.
Regionally, North America is anticipated to account for a major market share of the light engine market within the forecast period. This is as a result of the presence of various well-settled organizations in the region. In addition, the region is experiencing increased rate of adoption of light engine due to consistent advancement in technology, along with several initiatives by the governments of several countries.
Download TOC@ https://www.transparencymarketresearch.com/report-toc/41897
Rise in Population to Contribute in Rise in Market Growth Due to Wide Adoption of LED
Apart from North America, another key region accounting for substantial share in the market is Asia Pacific. Nations such as Japan, China, and India are foreseen to hold an important place in the market growth. However, the factors supporting the growth in the region is same, such as rise in initiatives by the government, encouraging the population to use LED lightings.
Preview Report @ https://www.transparencymarketresearch.com/light-engine-market.html
According to the Street Light National Program by Indian government, in 2017, around 21 lakh LED lights were installed in India. Such efforts are anticipated to boost the light engine market in the Asia Pacific region. Nevertheless, rise in population in China, coupled with adoption of LEDs,is likely to play a major role in market growth.
Some of the key players in the market are OSRAM Licht Group, Philips Lighting Holdings B.V., Fulham Co., Inc., MaxLite, Inc., Tridonic, General Electric Company, Fusion Optix, Inc., Thomas Research Products, Cree Inc., and RS Components Pty Ltd.
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Transparency Market Research
90 State Street,
Albany NY - 12207
USA - Canada Toll Free: 866-552-3453
Research Blog: http://www.techyounme.com/
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Light Engine Market is Expected to Reach US$ 6,380 Mn by 2026, Observes TMR here
News-ID: 1155193 • Views: 229
More Releases from Transparency Market Research
Market Intelligence Report on Calcite Market, 2018-2028
Sales of calcite have witnessed utter proliferation in recent time, in line with the growing demand from paper and pulp sector wherein calcite is highly adopted as a coating and filler material. According to Transparency Market Research analysis, global calcite market is anticipated to register 4.7% CAGR during the study period 2018–2028. The TMR report opines that demand for calcite is highly driven by its significant properties that are paving way
Pearlescent Pigments Market Intelligence Report Offers Growth Prospects
The demand within the global pearlescent pigment market is slated to rise as new creative avenues emerge in the art and craft industry. Several artists have increased the consumption of pearlescent pigments, mainly due to the aesthetic value of these pigments in art forms. The use of these pigments can majorly be attributed to the gloss and shine imparted by these pigments to the design or craft. These pigments exhibit
Aragonite Market to Witness Steady Growth During the Forecast Period 2018-2026
Global Aragonite Market: Overview Aragonite is a carbonate mineral having an orthorhombic crystal system, and very closely resembles calcite. It is considered as the purest form of calcium carbonate. The mineral has garnered wide popularity as gemstone in various parts of the world and has promising healing properties with energy enhancing powers. Aragonite contains traces of magnesium and sand inclusion but rich in calcium carbonate, and is alkaline in nature. It
OEM Insulation Market Growth, Trends and Value Chain 2019-2027 by TMR
OEM Insulation Market – Overview OEM means Original Equipment Manufacturer that indicates to a company that produces a part or a subsystem of a product that is being used by another organization. Thermal insulation or simply insulation allows the product to cut down the heat gain or loss at the minimum by creating a barrier between the surfaces at the varying temperatures. There are wide range of applications and end-use verticals
More Releases for LED
LED Supply Chain
This report covers market size and forecasts of LED Supply Chain, including the following market information: Global LED Supply Chain Market Size, 2019-2021, and 2020 (quarterly data), (US$ Million) Global LED Supply Chain Market Size by Type and by Application, 2019-2021, and 2020 (quarterly data), (US$ Million) Global LED Supply Chain Market Size by Region (and Key Countries), 2019-2021, and 2020 (quarterly data), (US$ Million) Global LED Supply Chain Market Size by Company, 2019-
Global LED Packaging Market Size Detail Analysis focusing Market Segmentation li …
Global LED Packaging Market Size Detail Analysis focusing Market Segmentation like Lamp-LED, Side-LED, TOP-LED, High-Power LED, SMD-LED, and Flip-Chip LED & more The LED market is one of the quickly growing segments as they are replacing the traditional lighting equipment like bulbs due to their high efficiency and power saving capability. The LED packaging industry is also growing with innovations along with the LED industry as new technologies are being included
Global LED Driver (LED Lighting Driver) Market Research Report
This report studies the global LED Driver (LED Lighting Driver) market status and forecast, categorizes the global LED Driver (LED Lighting Driver) market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in United States, Europe, China, Japan, South Korea and Taiwan and other regions. Get sample copy of the report: https://www.marketdensity.com/contact?ref=Sample&reportid=68754 Table of Contents: Table of Contents Global LED Driver (LED Lighting Driver) Market Research Report
Global LED Packaging Market
Global LED Packaging Market is expected to reach US$ 34.29 Bn by 2026 from US$ 18.2 Bn in 2016 at a CAGR of 6.54%. The factors such as increasing demand for high power grade LED packages for lighting applications, rising demand for LED packages in the display panel market, growing government initiatives and regulations for adoption of energy-efficient LED lighting and increasing demand for smart LED lighting solutions are responsible
LED Lighting Optics Market
“Global LED Lighting Optics Market Insights, Forecast to 2025” This report researches the worldwide LED Lighting Optics Market size (value, capacity, production and consumption) in key regions like North America, Europe, Asia Pacific (China, Japan) and other regions. The report provides a unique tool for evaluating the Market, highlighting opportunities, and supporting strategies. This report recognizes that in this rapidly-evolving and competitive environment, up-to-date Marketing information is essential to monitor
LED Services Market - Energy Efficiency of LED Lighting Boosts Uptake
The world LED services market is projected to be highly competitive with many crucial market players vying to withstand the market competition with innovative product offerings and by improving the functionality of their already existing products. Sponsorship of industry events and various long term lighting contracts are some of the significant growth strategies for the success of this market. One of the significant growth promoting elements of the world market for