LED Tube Lights Market Size Worth USD 8230 Million by 2023

The Global LED Tube Lights Market is expected to reach USD 8230 Million by 2023 from USD 4690 Million in 2017, at a CAGR grow of roughly 9.8% over the next five years.

An LED Tube Light is a light-emitting diode (LED) product which is assembled into a Tube Light for use in lighting fixtures. LED Tube Lights have a lifespan and electrical efficiency which are several times greater than incandescent Tube Lights, and are significantly more efficient than most fluorescent Tube Lights, with some chips able to emit more than 300 lumens per watt.

Philips Lighting, Lendvance, GE Lighting are the top production value share spots in the LED Tube Lights market in 2017. Philips Lighting dominated with 13.54% production value share, followed by Lendvance with 10.74% production value share and GE Lighting with 5.92% production value share.

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Market dynamics include policy, economic, market penetration rate, etc. In order to promote energy conservation, the government is strongly advocating the use of LED light with a series of preferential policies, such as reducing enterprise tax rate. LED Lighting industry presents differential permeability in different regions. The permeability in North America, Europe, Singapore, is obviously greater than that of India, Southeast Asia (ex. Singapore), Africa, etc.

Overcapacity has aggravated the vicious intensification of enterprises, resulted in price of the product has been declining. The profit margin of the enterprise is also decreasing. In order to solve these problems and seize market share, the integration of international lighting giants is increasing, such as MLS purchasing Lendvance from Osram.

LED Tube Lights used in industry including Commerical Use and Residential Use. Report data showed that 92.61% of the LED Tube Lights market demand in Commerical Use in 2017.

As downstream demand grows and technical barriers become less, there will be a huge market space for LED Tube Lights. To grab more market, the little companies have to expand the technology, capital investment and brand influence. To meet the challenge of little companies and keep their leading stage, leading companies need to increase the technology innovation and speed up the product upgrading. In the future, LED Tube Lights market will still be a market of fierce competition.

Scope of the Report:
This report focuses on the LED Tube Lights Market, especially in North America, Europe, Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, types and applications.

LED Tube Lights Market Segment by Top Manufacturers Including:
Philips Lighting, Lendvance, GE Lighting, Panasonic, Opple, Toshiba, NVC (ETI), Sharp, Cree, Yankon Lighting, Shanghai Feilo Acoustics, FSL, PAK, MLS & Dongguan Kingsun Optoelectronic.

LED Tube Lights Market Segment by Regions, regional analysis covers:
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

LED Tube Lights Market Segment by Type covers
• T5
• T8
• Others

Market Segment by Applications can be divided into:
• Commercial Use
• Residential Use

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There are 15 Chapters to deeply display the global LED Tube Lights market.

Chapter 1, to describe LED Tube Lights Market Introduction, product scope, market overview, market opportunities, market risk, market driving force;

Chapter 2, to analyze the top manufacturers of LED Tube Lights, with sales, revenue, and price of LED Tube Lights, in 2016 and 2017;

Chapter 3, to display the competitive situation among the top manufacturers, with sales, revenue and market share in 2016 and 2017;

Chapter 4, to show the global market by regions, with sales, revenue and market share of LED Tube Lights, for each region, from 2013 to 2018;

Chapter 5, 6, 7, 8 and 9, to analyze the key regions, with sales, revenue and market share by key countries in these regions;

Chapter 10 and 11, to show the market by type and application, with sales market share and growth rate by type, application, from 2013 to 2018;

Chapter 12, LED Tube Lights market forecast, by regions, type and application, with sales and revenue, from 2018 to 2023;

Chapter 13, 14 and 15, to describe LED Tube Lights sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source

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