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Global LED Panel Market Analysis Covers Cost Structure, Demand Rate, Growth, Trends, and Forecast till 2028 || Key Participants- Havells India Ltd., Philips Lighting, Hubbell, Innovative Lighting, Cree, Baja Designs, Deco Lighting Inc., Grote, LSI Industr
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The efficiency of LED panels is determined by the lumens divided by power. Lumens are the measure of total light output. Higher the lumens, higher the light output. Higher the ratio of lumens per watt, higher the efficiency of the LED panel. The color temperature denotes how the light from LED panels will look and is represented in Kelvin (K). The most common LED panel is the cool white LED panel. Cool white LED panels are of 4000-5000K and are used in schools, offices, retails, commercial areas and others. Warm white LED panels are another type of LED panels that are of 2700-3000K. They are mostly used in hospitals and nursing centers. Integral LED panels are provided with a non-dimmable LED driver. A separate dimmable driver and controller are required to control the dimming. LED panels are also used during emergencies. Several developments in LED panels with reference to technology, the steady growth of the market as well as recent developments & innovations are among factors expected to drive the global LED panel market during the forecast period.
LED Panel Market: Drivers and challenges
One of the major drivers of the global LED panel market is government regulations for the installation of LED panels in offices, commercial buildings, hospitals and other places. LED panels are also used as emergency lights. In case of power failure, LED panels provide light for at least three hours. Some of the other factors creating demand for LED panels and significantly contributing to market growth are shock resistance, high durability, ultra-thin, low carbon emissions, energy saving, low maintenance and easy installation, among others.
One of the major challenges for LED panels is that they project a full range of strong & striking light from the front and the light output is abundant. However, vendors are continuously focused on improving the above-mentioned challenge and are expected to overcome it by the end of the forecast period.
LED Panel Market: Segmentation
Segmentation based on the application:
Based on application, the LED panel market is segmented into hospitals, educational institutes, commercial, residential and others.
Segmentation based on the color:
Based on color, the LED panel market is segmented into cool white, pure white, warm white and others.
Segmentation based on the installation:
Based on installation, the LED panel market is segmented into surface mounted, suspended and others.
LED Panel Market: Key Players
Some of the key players of the LED panel market are Havells India Ltd.; Philips Lighting; Hubbell; Innovative Lighting; Cree, Inc.; Baja Designs; Deco Lighting, Inc.; Grote; LSI Industries Inc. and OSRAM GmbH.
LED Panel Market: Regional Overview
Europe and North America are expected to hold the major market share of the LED panel market during the forecast period. High adoption of LED panels in hospitals and the commercial sector is creating high demand in these regions. APEJ is expected to project the highest growth in the LED panel market during the forecast period. Upcoming government initiatives to adopt LED panels in developing countries, such as China and India, are expected to contribute significantly to the growth of the global LED panel market during the forecast period.
To know more about the LED Panel Market Trends, visit this link- https://www.factmr.com/report/1840/led-panel-market
The report covers exhaustive analysis on:
LED Panel Market Segments
Market Dynamics
Historical Actual Market Size, 2013 - 2017
Market Size & Forecast 2018 to 2028
Value Chain
Market Current Trends/Issues/Challenges
Competition & Companies involved
Market Drivers and Restraints
Regional analysis for market includes development in the following regions:
North America
US
Canada
Latin America
Brazil
Mexico
Argentina
Chile
Peru
Rest of Latin America
Europe
EU – 4 (Germany, France, Italy, Spain)
UK
BENELUX (Belgium, Netherlands, Luxemburg)
NORDIC (Norway, Denmark, Iceland, Sweden)
Eastern Europe (Poland, Ukraine, Czech Rep. etc.)
Rest of Europe
The report is a compilation of first-hand information, qualitative & quantitative assessment by industry analysts, as well as inputs from industry experts & industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Ask our Industry Expert on this Report- https://www.factmr.com/connectus/sample?flag=AE&rep_id=1840
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FactMR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market insights reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
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