Global Light Engine Market | Industry Crucial Players - Philips Lighting Holdings B.V., OSRAM Licht Group, Fulham Co., Inc., Tridonic, MaxLite, Inc., General Electric Company, Thomas Research Products, Fusion Optix, Inc., RS Components Pty Ltd.
Request Free Sample on Light Engine Market Research Report @ https://www.mrrse.com/sample/4756
Global light engine market is expected to reach US$ 6,384.9 Mn by 2026. The market is projected to expand at a CAGR of 9.61% during the forecast period from 2018 to 2026. According to the report, the global light engine market is expected to continue to be influenced by a range of factors such as rising popularity and adoption of LED lighting worldwide. Additionally, multiple regulations passed by government bodies for increasing the adoption of LED lighting is helping the expansion of the global light engine market. The market in North America is estimated to expand at a CAGR of over 10% through 2026.
Commercial Sector is expected to be More Lucrative for the Global Light Engine
In terms of application, the global light engine market can be classified into residential, industrial, commercial, and others. The residential sector is expected to contribute significantly to revenue by 2026, owing to increased urbanization and rise in the number of smart city projects across the globe. Rise in adoption of LED lighting in the residential sector is one of the primary reasons for the market expansion over the forecast period. The commercial segment is anticipated to expand at a significant CAGR over the forecast period. Multiple initiatives undertaken by the government for creating awareness regarding LED lighting and removal of traditional lamps is one of the primary reasons for the expansion of the commercial sector during the the forecast period from 2018 to 2026. For instance, in 2017, the U.S. Energy Information Administration in one of its report stated the importance of LED lighting across multiple applications and discussed the benefits of adopting it in the commercial sector. This report is expected to have a positive impact on the implementation of LED lighting in the commercial sector in the coming years.
Rigid Segment is expected to dominate the Light Engine Market around the Globe
Based on form, the light engine market can be segmented into flexible and rigid. The rigid segment can be further divided into round, linear, and others. Owing to the increased use of flexible light engines in residential and commercial sectors, the market is projected to expand at significant rate over the forecast period. Moreover, the prominent use of linear and round light engines in multiple areas across residential, commercial, and industrial sectors is likely to have a significant positive impact on the rigid segment of the global light engine market. Furthermore, the increasing use of rigid light engines across industries such as automotive and horticulture is expected the rigid segment of the global light engine market. Moreover, increased use of LED lighting in street lighting across the globe is also benefitting the rigid segment.
Browse Complete Detail on Light Engine Market Research Report with TOC @ https://www.mrrse.com/light-engine-market
North America to Continue to Hold Significant Share in Overall Market
North America is expected to hold substantial market share of the light engine market during the forecast period. This is mainly due to the presence of well-established players across the region. North America is home to many well-established players from the light engine domain including General Electric Company, Cree Inc, Fulham Co., Inc., and Fusion Optix, Inc. Furthermore, North America is witnessing higher adoption of the light engine, owing to the continuous advancements in light engines by well-stablished lighting providers in the region and multiple initiatives taken by governments for increasing the adoption of LED lighting. For instance, in 2016, the California Energy Commission adopted new standards updating the 2015 Appliance Efficiency Regulations for lighting appliances. The updates will roll out in two tiers with Tier 1 effective by January 1, 2018 and Tier 2 to be effective by July 1, 2019. These updates are significantly focused on the optimal adoption of LED-based solutions in California. This initiative is expected to have a positive impact on the light engine market in North America.
The Asia Pacific region is expected to hold a significant market share in 2026. China, India, and Japan are anticipated to play a significant role in the region’s prominent share. The factors contributing to the expansion in Asia Pacific are multiple initiatives taken by numerous government bodies for promoting the use of LED lighting. For instance, ‘Ujala,’ an initiative by the Indian government for boosting LED adoption across India, is helping the adoption of LED lighting across the country. Additionally, in 2017, as per the Street Light National Program of the Indian government, 21 lakh LEDs were installed across India. Such initiatives are expected to drive the light engine market in the Asia Pacific region. Furthermore, the increasing population of China and the rising adoption of LED lighting in the country is estimated to play a significant role for light engine market in the region.
Philips Lighting Holdings B.V., OSRAM Licht Group, Fulham Co., Inc., Tridonic, MaxLite, Inc., General Electric Company, Thomas Research Products, Fusion Optix, Inc., RS Components Pty Ltd., and Cree Inc are some of the major players operating in the light engine market profiled in this study. Details such as financials, SWOT analysis, business strategies, recent developments, and other such strategic information pertaining to these players have been duly provided as part of company profiling. Various market players are establishing partnerships, entering in strategic M&A, and expanding to enhance the light engine offerings worldwide.
Enquire about this Report @ https://www.mrrse.com/enquiry/4756
Market Research Reports Search Engine (MRRSE) is an industry-leading database of Market Research Reports. MRRSE is driven by a stellar team of research experts and advisors trained to offer objective advice. Our sophisticated search algorithm returns results based on the report title, geographical region, publisher, or other keywords.
MRRSE partners exclusively with leading global publishers to provide clients single-point access to top-of-the-line market research. MRRSE’s repository is updated every day to keep its clients ahead of the next new trend in market research, be it competitive intelligence, product or service trends or strategic consulting.
90, State Street
Albany, NY - 12207
(United States) Telephone: +1-518-730-0559
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 Light Engine Market | Industry Crucial Players - Philips Lighting Holdings B.V., OSRAM Licht Group, Fulham Co., Inc., Tridonic, MaxLite, Inc., General Electric Company, Thomas Research Products, Fusion Optix, Inc., RS Components Pty Ltd. here
News-ID: 1418811 • Views: 1027
More Releases from MRRSE
Sales of Digital Printing for Packaging Market Motivated with Rising Demand from …
A recent market study published by MRRSE, “Digital Printing for Packaging Market: Global Industry Analysis 2014-2018 & Forecast 2019-2029” offers a comprehensive assessment of the most important market dynamics. After conducting thorough research on the historical, as well as current growth parameters of the digital printing for packaging market, the growth prospects of the market are obtained with maximum precision. Get Brochure of The Report @ https://www.mrrse.com/sample/3234 Chapter 01 – Executive Summary The
Biofuel Testing Services Market Insights Covering Market Dynamics and Competitiv …
A recent market study published by MRRSE “Biofuel Testing Services Market: Global Industry Analysis 2013-2017 & Forecast 2018-2028” offers a comprehensive assessment of the most important market dynamics. After conducting thorough research on the historic as well as current growth parameters of the biofuel testing services market, the growth prospects of the market are obtained with maximum precision. Chapter 01 – Executive Summary The report commences with the executive summary of the
Potassium Formate Market Growth Influenced by Burgeoning Opportunities from Prim …
A research study published by MRRSE provides readers with a comprehensive outlook of the global potassium formate market, to precisely gauge its futuristic development. It assesses the potassium formate industry on the historical and current scenario, and also includes a forecast for 2019 through to 2027. The report is designed to help key stakeholders make business decisions pertaining to the potassium formate market with the help of key findings and
Sales of Lithium-ion Battery Market Motivated with Rising Demand from Industrial …
MRRSE, in its recently published research report, brings forth actionable intelligence into the lithium-ion battery market. The business study is intended at equipping stakeholders in the lithium-ion battery market with distinguished insights, and help them in developing sustainable growth strategies for business advancement. This comprehensive research report provides an incisive outlook regarding the changing dynamics of the lithium-ion battery market, by identifying key drivers, restraints, opportunities, and threats. This study also
More Releases for LED
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
Global Led Writing Board
Global Led Writing Board: Led Writing Board Report by Material, Application, and Geography – Global Forecast to 2021 is a professional and in-depth research report on the world's major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, united Kingdom, Japan, South Korea and China). For sample report: http://www.reporthive.com/request-sample.php?id=809563 The report firstly introduced the Led Writing Board basics: definitions, classifications, applications and