openPR Logo
Press release

LED Lamp Market Explores New Growth Opportunities up to 2024 | key Players like Osram, Samsung, Philips, Cree, Eaton Corporation, General Electric Company

05-03-2019 10:59 AM CET | Industry, Real Estate & Construction

Press release from: Global Market Insights, Inc.

LED Lamp Market

LED Lamp Market

LED Lamp Market growth is driven by increasing trend of automation and the ‘smart city’ and ‘smart home’ initiatives have further added in the coming year. In this regard, the developed economies have contributed toward a major chunk of the overall market revenue. U.S. and Canada have been lucrative avenues for the LED lamps market growth over the recent years and are anticipated to display an upward path in the coming years as well. U.S. LED lamp industry is also projected to gain a significant traction via the horticulture lighting recognized as one of the major niche applications in this region. Marijuana trade, which is proliferating on account of its medicinal value, is being addressed as a significant investment spot for the LED lamp industry participants.

Request for a sample of this research report @ www.gminsights.com/request-sample/detail/1565

LED Lamp Market Growth in Europe will be escalated by various regulations in the region for implementation of these lamps in industrial, public, and residential sectors. Europe is also one of the prominent regions partaking in the LED lamp industry share. The energy standards set by the European Commission has propelled the adoption of LED lamps across residential, industrial, and public areas. As per the estimates, Europe accounted for 25% of the overall LED lamp industry in 2016 and is forecast to witness phenomenal gains over the years ahead. Apart from the Europe is anticipated to dominate the LED lamp industry share owing to the increasing demand for smart lighting and smart homes.

Residential sector is anticipated to exhibit a considerable industry share over the forecast timeline owing to the heavy adoption across the sector. The high revenue can be attributed to the continuous reduction in prices of these lamps over the years. Their availability in various color temperatures and easy dimmability are the other factors responsible for consumer inclination leading to LED lamp market growth.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Eaton
2. ASM Pacific Technology Ltd.
3. Cree
4. GE
5. OSRAM
6. Philips Lighting
7. Zumtobel Group
8. Sharp Corporation of Australia
9. Seoul Semiconductor
10. Nichia America Corporation
11. Everlight Electronics

Make an inquiry for purchasing this report @ www.gminsights.com/inquiry-before-buying/1565

General purpose LED lamp market is expected to dominate the industry over the forecast time span owing to their multi-purpose applications. The advent of these lamps as a replacement of traditional counterparts is a major factor responsible for their growth. Shifting consumer preference toward energy-efficient lighting will augment the general-purpose lamp demand in the coming years. Longer product life along with adjustable illumination settings will further escalate the demand. Decorative lamps will showcase a significant growth rate owing to their wide usage in residential applications, especially in pools, fountains, gardens, and statues. Moreover, their usage in functional applications, such as landscaping and building facades, will fuel their demand.

The emerging economies such as India and China are becoming popular platforms for the LED lamp market expansion. The rapid economic development, urban projects, and favorable government policies are the factors influencing the investments of the industry players in these regions. For instance, the Government of India, under the UJALA scheme, provides these lamps at lower prices, making it quite a viable option for the lower-income groups as well. Lighting Africa Program by the World Bank which enables sustainable lighting solutions access to 250 million people across sub-Saharan Africa, also provided a phenomenal impetus to LED lamp industry.

Starlite- a UK based lighting company claims LED lights as the greatest development since 1880, when Thomas Edison presented the world with electric lamp. As per the estimates, the LED lamp market is anticipated to generate revenue worth USD 13.5 billion by 2024. Furthermore, the retailers and manufacturers of the dynamic LED lamp industry are keen to bring their market strategies at play. Mergers and acquisitions and product diversification are the key strategies adopted by these market players to seize lucrative deals.

Companies operating in the LED lamp market include ASM Pacific Technology Ltd., Cree, Eaton, Everlight Electronics, GE, Nichia America Corporation, OSRAM, Philips Lighting, Seoul Semiconductor, Sharp Corporation of Australia, and Zumtobel Group.

Browse key industry insights spread across 162 pages with 269 market data tables & 18 figures & charts from the report, LED Lamp Market in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/led-lamp-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com
Blog: www.industry-source.org

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 LED Lamp Market Explores New Growth Opportunities up to 2024 | key Players like Osram, Samsung, Philips, Cree, Eaton Corporation, General Electric Company here

News-ID: 1726398 • Views: 454

More Releases from Global Market Insights, Inc.

Strontium Market to see 6% CAGR till 2024 | Solvay, BassTech, Prochem, Chemalloy …
Global Market Insights, Inc. says that strontium market will reach USD 650 million by 2025. However, strong government regulations regarding air pollution may hinder market growth over the forecast timeframe. Based on product segment, the strontium carbonate segment was reported to hold over 55% of the total market share in 2017. The product is extensively used in the production of flares and fireworks. Strontium carbonate is a tasteless and odorless white
Silver nanoparticles market to grow at 12% CAGR till 2024 | Top Vendors are Amer …
Rising preference for packaged food and proliferating demand for ready-to-eat products will drive the industry expansion. It is estimated that the food & beverage application segment will contribute over USD 300 million towards silver nanoparticles market share by 2024. With metal nanoparticles setting the trend in a slew of consumer goods, such as textiles, food, pastes and soaps, silver nanoparticles have gained popularity owing to its chemical, physical and biological attributes.
COVID-19 to Impact Demand Growth of Erdosteine Market | Top Key Players are Reci …
Global Market Insights, Inc. says that the erdosteine market could surpass USD 160 million by 2025. Driven by growing occurrences of common respiratory issues like cold, bronchitis, and cough, the global erdosteine market is estimated to observe significant profits through 2025. Erdosteine has a broad range of applications in the production of drugs to ameliorate and control the symptoms that arise due to excessive mucus production, which is likely to
Hydrophobing Agents Market to gain significant revenue by 2026
Global Market Insights, Inc says that Global Hydrophobing agents market share to cross USD 1.6 billion by 2026. Driven by increasing dispersion in the construction and buildings sector, the hydrophobing agents market is projected to witness massive gains through 2026. Apart from the construction sector, the use of these chemicals in personal care industries would push its demand over the forthcoming years. The hydrophobing agents are occlusive in nature, blocking lacerations

All 5 Releases


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