LED Lighting Market Leading Companies are Philips Lighting Holding B.V., Osram Licht AG, GE Lighting, LG Innotek, Cree, Cooper Industries

The Global LED Lighting market was valued at US$ 32.7 Billion in 2016 and is expected to grow at a CAGR of 16.61% to reach a market size of over US$ 120 Billion by 2025 due to the rising consumer requirement for energy-efficient lighting systems, technological innovation, and increased demand in automotive industry of LEDs as a light source are expected to drive the growth of this market.

Download PDF Brochure of Research Report: www.coherentmarketinsights.com/insight/request-pdf/959

one of the major drivers for LED Lighting market include growing LED adoption in automotive industry, increasing demand for energy efficient lighting systems, technology innovation and performance improvements. LED Lights demand in Automotive industry is boosting due to advancement in head lighting, dynamic beam functionality, laser head lighting, front and rear lighting signature design, ADAS and autonomous driving and other technology. It is forecasted that by 2025 over 75% of global cars have modern and smart LED lighting systems.

LED Bulb Segment Holds the Highest Market Share

On the basis of product type, the LED bulb segment is expected to hold the largest market for LED lighting, as bulbs form the major light source and key component of an LED lighting system.

Installation Services Segment Holds a Dominant Position

On the basis of service type, the installation segment is expected be the dominant segment in the market, owing to rising demand for energy-efficient light sources such as LED bulbs. The old generation lamps are installed with LED bulbs, as they consume less energy and have longer working life.
Commercial Segment is Expected to be the Fastest Growing Segment
Among end-users, the commercial segment is estimated to exhibit the highest growth rate during the forecast period (2017–2025), owing to increasing infrastructural activities globally, which in turn attracts high activity of commercial segment in transporting and other related works to LED bulb.

Outdoor LED Lighting System Accounted Major Market Share

On the basis of application, the outdoor segment held the highest position in 2016, with a market share of 31.5%. The major factor for expansion of outdoor LED lighting system is its increasing popularity and usage in roadways, traffic lights, tunnels, parking lots, garages, which is extensive as compared to residential applications. Residential applications for LED lighting include lighting for smart home, HDR 4K, and ultra-slim, curved, and high gamut display TVs.

Asia Pacific accounted for the largest market share

Asia Pacific held the largest share of the LED lighting market in 2016, and the market in Europe is projected to emerge as the second largest market by 2025. The relatively high standard of living and high disposable income among the populace in Europe, increases their inclination towards investments in smart homes with innovative LED lighting systems.

Key Companies in the Global LED Lighting Market

Major players operating in the global LED light market include Philips Lighting Holding B.V., Osram Licht AG, GE Lighting, LG Innotek, Cree, Inc., Cooper Industries, Inc., Seoul Semiconductor, Samsung Electronics, and Lightning Optoelectronic.

Request for Customization of Research Report: https://www.coherentmarketinsights.com/insight/request-customization/959

Detail LED Lighting Market Segmentation:

• Global LED Lighting Market, By Product Type:

o LED Bulbs
o Bare LED Tubes
o LED Fixtures
o LED Down lights
o Others

• Global LED Lighting Market, By End Use:

o Residential
o Commercial
o Industrial

• Global LED Lighting Market, By Application:

o Outdoor
o Indoor
o Backlighting
o Automotive
o Others

• Global LED Lighting Market, By Geography:

o North America
o Europe
o Asia Pacific
o Latin America
o Middle East & Africa

About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com

This release was published on openPR.