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
Request for Table of Content- https://www.factmr.com/connectus/sample?flag=T&rep_id=1840
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
Historical Actual Market Size, 2013 - 2017
Market Size & Forecast 2018 to 2028
Market Current Trends/Issues/Challenges
Competition & Companies involved
Market Drivers and Restraints
Regional analysis for market includes development in the following regions:
Rest of Latin America
EU – 4 (Germany, France, Italy, Spain)
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
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.
11140 Rockville Pike
Rockville, MD 20852
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 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 here
News-ID: 1263619 • Views: 292
More Releases from Fact.MR
PCR and Real-time PCR Molecular Diagnostics Market to Surpass US$ 6 Bn by 2030, …
As per data from the World Health Organization, millions of deaths can be attributed to diseases such as cancer and HIV each year. Further, the recent outbreak of the COVID-19 virus has also created massive demand for effective diagnostics processes. The PCR and real-time PCR molecular diagnostics market has been gaining traction in recent years on the back of investments by PCR diagnostic test manufacturers towards the incorporation of molecular
Biobanking Market to Soar to US$ 3.5 Bn by 2027, Notes Fact.MR
Biobanks are a type of repository which is used in the storage of biological samples, including human and animal tissues, which primarily find use in research applications. Consequently, the process of biobanking has become a very important part of medical research and has played a major role in modern science fields such as personalized medications, and genomics. The global biobanking market is expected to grow at a healthy CAGR of ~
Mini LED Market to Expand 7.5X by 2030, Finds New Study by Fact.MR
In recent years, increasing popularity of OLED TVs in China and India has been significantly influencing growth of the mini LED market. With an increase in disposable income of a majority of the population in these countries, the inclination towards smart screens with higher lifespan and better performance is expected to open up numerous growth opportunities for the mini LED market. Moreover, aspiring and affluent households have increased their spending
Uncertainty Surrounding COVID-19 to Shave-off Growth in Electrical Steel Market …
The global electrical steel market has utilized the opportunities in the market over the last decade with sales of electrical steel pegged at US$ 20.4 Bn in 2019. However, sales are set to plummet during in the middle two quarters of 2020 owing to COVID-19. In addition, several automakers have shuttered their production units, causing incalculable loss to the electrical steel market in 2020. However, the demand of electrical steel
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