Press release
LED Lighting Market 2017-2025 Global Industry share, Key Players, Size, Demand, Growth Trends, Insights and Forecast | Philips Lighting Holding B.V., Osram Licht AG, GE Lighting, LG Innotek, Cree, Inc., Cooper Industries, Inc., Seoul Semiconductor, Samsun
LED Lighting
The scope of the report includes a detailed study of global and regional markets on Global LED Lighting Market with the reasons given for variations in the growth of the industry in certain regions.
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Global Forecast to 2025", is estimated to be valued at over US$ 120 billion by 2025 and expected to witness a CAGR of 16.61% during the forecast period from 2017 to 2025
Market Segment by Manufacturers, this report covers
Philips Lighting Holding B.V., Osram Licht AG, GE Lighting, LG Innotek, Cree, Inc., Cooper Industries, Inc., Seoul Semiconductor, Samsung Electronics, Lightning Optoelectronic and others.
Market Segment by Regions, regional analysis covers
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
LED Bulbs,
Bare LED Tubes,
LED Fixtures,
LED Down lights
Others
Market Segment by Applications, can be divided into
Consulting Services,
Installation Services
Maintenance & Support
Key Takeaways of the LED Lighting Market:
• The global LED Lighting market is projected to reach over US$ 120 billion by 2025, exhibiting a CAGR of 16.61% over the forecast period.
• Among product type, LED Bulb segment accounted highest market share in 2016, as it is the major lighting component of LED Lighting system. In 2016, global LED Bulb market demand was 150 million pcs and it is estimated that this LED Bulb market will grow at a higher CAGR during forecast period.
• By Service type of LED Lighting, Installation Services segment holds a dominant position in 2016, due to high demand for energy efficient light sources such as LED lamps for the replacement of incandescent lamps is the key factor boosting the growth of the market for Installation Services.
• Among the End-User industry of the global LED Lighting market, Commercial lighting is estimated to have a higher growth rate during forecast period by 2025.
• Residential applications for Indoor LED lighting include lighting for smart home; HDR 4K; ultra-slim, curved and high gamut display TVs etc.
• Asia-Pacific market accounted largest market share in global LED Lighting Market, due to high demand from developing countries such as China, Japan, and India. Asia-Pacific market is projected to grow at a highest CAGR from 2017 to 2025.
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