openPR Logo
Press release

Global LED Lighting Market 2018 Analysis By Top Key Players - Nichia, Osram, Samsung Electronics, Everlight Electronics and LG Innotek

10-11-2018 10:22 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: IMARC Group

Global LED Lighting Market 2018 Analysis By Top Key Players -

Over the recent years, the global LED lighting market has been witnessing a healthy growth on account of various initiatives undertaken by government. This can also be attributed to the advantages of LED lighting which include consuming less energy, producing less heat and surviving for a longer duration.

According to the latest report by IMARC Group, titled “LED Lighting Market - Global Industry Trends, Manufacturing Process, Plant Setup, Machinery, Raw Materials, Cost and Revenue”, the global LED lighting market reached a value of more than US$ 62 Billion in 2017. LED, an abbreviation for Light Emitting Diode, refers to a directional source of light which is associated with several attributes like compact size, releasing less heat, consumption of less energy and serving a longer time-span. Owing to its innumerable advantages, LED lights are widely used for industrial, commercial and residential purposes across the globe. In comparison with other conventional sources of lights, like incandescent and fluorescent lights, LED lights are environment-friendly, they save up to 90% of the energy and emit no heat or greenhouse gas.

Want more information about this market? Request a free report sample: https://www.imarcgroup.com/request?type=report&id=540&flag=B

On account of increasing power consumption across the globe, the LED lighting market is experiencing a vibrant growth. This surge in the power consumption can be accredited to the increasing population worldwide, huge subsidies offered by governments across several nations and limited efforts for rationalising the consumption. The increasing electricity consumption and inadequate electricity production has resulted in a power crisis. As a result, government and consumers are consistently seeking solutions for conserving electricity, therefore, bolstering the demand for efficient lighting products like LED. Moreover, an increase in the initiatives undertaken by manufacturers via newspapers and television commercials, along with encouragement from the regulatory bodies have led to the wider product awareness amongst consumers. Apart from this, owing to rapid urbanisation and infrastructural improvements, LED lights are extensively used in numerous end-use industries. Looking forward, the market value is projected to exceed US$ 112 Billion by 2023, expanding at a CAGR of 9% during 2018-2023.

Browse Full Report with Table of Content & List of Figure: https://www.imarcgroup.com/led-manufacturing-plant

Market Summary:

On the basis of application, the market has been segmented as retrofit, retail and hospitality, outdoor, offices, architectural, homes and industry. Currently, retrofit represents the largest segment as it has gained immense popularity across the globe. Conventional lighting systems ranging from indoor to outdoor lighting are being replaced by the retrofitting of existing lighting fixtures with LEDs.

Region-wise, the market has been segmented into India, China, Europe, United States, Japan, Brazil and Russia. Amongst these, China is the leading producer as well as consumer of LED lighting products across the globe.

The competitive landscape of the market has also been examined with some of the key players being Nichia, Osram, Samsung Electronics, Everlight Electronics and LG Innotek. The LED lighting market is concentrated in nature with the presence of only few manufacturers who are holding the majority of the market share.

Browse related reports:

UAE LED Lights Market Research Report: https://www.imarcgroup.com/led-lights-market-uae

Saudi Arabia LED Lights Market Research Report: https://www.imarcgroup.com/saudi-arabia-led-lights-market

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact us

IMARC Group
309 2nd St, Brooklyn, NY 11215, USA
Website: www.imarcgroup.com
Email: sales@imarcgroup.com
USA: +1-631-791-1145
Follow us on twitter: @imarcglobal

This release was published on openPR.

Permanent link to this press release:

Copy
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 Lighting Market 2018 Analysis By Top Key Players - Nichia, Osram, Samsung Electronics, Everlight Electronics and LG Innotek here

News-ID: 1293650 • Views:

More Releases from IMARC Group

GCC Pet Food Market Size is Expected to Reach USD 422.9 Million By 2033 | CAGR: 5.3%
GCC Pet Food Market Size is Expected to Reach USD 422.9 Million By 2033 | CAGR: …
GCC Pet Food Market Overview Market Size in 2024: USD 266.2 Million Market Size in 2033: USD 422.9 Million Market Growth Rate 2025-2033: 5.3% According to IMARC Group's latest research publication, "GCC Pet Food Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", the GCC pet food market size was valued at USD 266.2 Million in 2024. Looking forward, IMARC Group estimates the market to reach USD 422.9 Million by 2033, exhibiting a
GCC Residential Real Estate Market Size to Worth USD 147.77 Billion by 2033 | With a 7.50% CAGR
GCC Residential Real Estate Market Size to Worth USD 147.77 Billion by 2033 | Wi …
GCC Residential Real Estate Market Overview Market Size in 2024: USD 73.31 Billion Market Size in 2033: USD 147.77 Billion Market Growth Rate 2025-2033: 7.50% According to IMARC Group's latest research publication, "GCC Residential Real Estate Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", the GCC residential real estate market size was valued at USD 73.31 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 147.77 Billion by
GCC Drones Market Size to Surpass USD 2,005.3 Million by 2033 | With a 13.3% CAGR
GCC Drones Market Size to Surpass USD 2,005.3 Million by 2033 | With a 13.3% CAG …
GCC Drones Market Overview Market Size in 2024: USD 588.2 Million Market Size in 2033: USD 2,005.3 Million Market Growth Rate 2025-2033: 13.3% According to IMARC Group's latest research publication, "GCC Drones Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", The GCC drones market size was valued at USD 588.2 Million in 2024. Looking forward, IMARC Group estimates the market to reach USD 2,005.3 Million by 2033, exhibiting a growth rate of
Medical Imaging Market to Surpass USD 70.8 Billion by 2033, at a CAGR of 5.03%
Medical Imaging Market to Surpass USD 70.8 Billion by 2033, at a CAGR of 5.03%
Market Overview: The medical imaging market is experiencing rapid growth, driven by Growing Burden of Chronic and Age-Related Diseases, Expansion of Government-Funded Health Infrastructure and Technological Advancements in Imaging Modalities. According to IMARC Group's latest research publication, "Medical Imaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", The global medical imaging market size reached USD 44.5 Billion in 2024. Looking forward, IMARC Group expects the market to reach

All 5 Releases


More Releases for LED

HSC LED Successfully Delivers Taxi LED Displays to Moldova
HSC LED [https://www.hscled.com/] is pleased to announce the successful completion of a major project involving the delivery of taxi LED displays to Moldova. This achievement underscores our dedication to providing high-quality, innovative LED display solutions to global markets. Image: https://www.abnewswire.com/upload/2025/03/c632e02b61fa3f45fb036d4012a026b5.jpg This project involved the production and deployment of state-of-the-art taxi top LED displays, designed for high visibility, durability, and intelligent operation. Equipped with high brightness levels, waterproof protection, and efficient heat dissipation,
Enhancing LED Lighting: What is a reflective LED light?
Nowadays, LED lights [https://www.cnblight.com/products/] have become the mainstream of lighting. There is an interesting question, why do LED lights in homes nowadays, whether they are desk lamps, pendant lamps, ceiling lamps, etc., often need to add a lamp shell? You should know that LED lights emit solid light, unlike traditional lamps such as incandescent lamps and fluorescent lamps, which require a lamp shell on the outside. There are many reasons that
Global Backlight LED Market| Global Backlight LED Industry | Backlight LED Marke …
The backlight LED market comprises of sales of Backlight LED & related services. LED backlight is a flat panel display that uses LED backlighting instead of cold cathode fluorescent (CCFL) backlighting. LED backlight displays also use thin-film-transistor liquid-crystal display (TFT LCD) technologies that offer better contrast and brightness, reduced energy consumption, greater color range more quick response to changes in the scene, and photorefractive effects. These displays are small chips
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
LED Driver And Chipset Market - Tax Exemptions For LED Technology Encourage Use …
Transparency Market Research, in a report titled “LED Driver and Chipset Market - Global Industry Analysis, Trend, Size, Share and Forecast 2015 - 2021,” states that the global LED driver and chipset market is projected to expand at a remarkable CAGR of 23.20% during the forecast period. The report states that the outstanding growth of the overall LED market in recent times will push the value of the LED driver