Press release
High Brightness LED Market In Europe Will Grow At 4.4% CAGR Up To 2023 | Nichia, Kingbright Electronic, Broadcom, Cree, And Seoul Semiconductor, Samsung Electronics, Sharp, And Moritex
High Brightness LED Market
Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/401
Increasing use in heat sensitive applications including textile and food illumination is poised to impel High Brightness LED Market growth over the predicted period. The high initial cost may hamper the acceptance and growth across the industry. High brightness LED bulbs are robust, efficient and are likely to have a greater life span as compared to other types. They aid more than 50% energy savings over conventional technologies. All these features are anticipated to boost the market demand in the next few years. Longer life span leads to low replacement costs. Low prices HB LED will be a key strategy for manufacturers to further the demand over the projected time frame.
Rise in sales due to swift penetration of HB LEDs in downlights, replacement lamps, outdoor lights, commercial, and industrial products is likely to propel the lighting application market to register a CAGR of 6% between 2016-2023. High brightness LED market from the lighting application is estimated to generate a revenue share of over USD 7.4 billion by 2023.
Growing awareness and government initiatives concerning energy conservation are likely to propel the demand in the near future. The report comprises of an overview of the market with in-depth analysis of key factors and key trends driving the market. It also includes the current market scenario, forecast, and estimations for the projected period. According to a new study by Global Market Insights Inc., High Brightness LED Market size is anticipated to surpass USD 22 billion, at 4.9% by 2023.
Browse key industry insights spread across 81 pages with 57 market data tables & 20 figures & charts from the report, “High Brightness LED Market” in detail along with the table of contents @ https://www.gminsights.com/industry-analysis/high-brightness-HB-LED-market
Growing concerns regarding energy saving and rising number of initiatives toward increasing green construction are expected to provide ample growth prospects in the regional landscape of high brightness LED market. Asia Pacific high brightness LED industry is projected to register a CAGR of 5.5% over the period of 2016-2023. China and Japan are the prominent countries which are actively seeking a fundamental shift in their energy policies by encouraging improved LED manufacturing, attractive initiatives, and huge financial subsidies.
Glimpse of Table of Content (ToC)
Chapter 3 High Brightness LED Industry Insights
3.1 Industry segmentation
3.2 Industry size and forecast, 2012 - 2023
3.3 Industry ecosystem analysis
3.3.1 Vendor landscape
3.4 HB LED market dynamics
3.4.1 Growth drivers
3.4.1.1 Positive regulatory outlook
3.4.1.2 High replacement demand
3.4.1.3 Growing consumption across application areas
3.4.2 Industry pitfalls & challenges
3.4.2.1 Cost concerns
3.5 Growth potential analysis
3.6 Porter’s analysis
3.7 Key competitor analysis, 2015
3.8 PESTEL analysis
Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/high-brightness-HB-LED-market
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: https://www.gminsights.com
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.
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 High Brightness LED Market In Europe Will Grow At 4.4% CAGR Up To 2023 | Nichia, Kingbright Electronic, Broadcom, Cree, And Seoul Semiconductor, Samsung Electronics, Sharp, And Moritex here
News-ID: 1838446 • Views: …
More Releases from Global Market Insights
Acoustic Diaphragm Market slated to observe traction for polypropylene material …
With a seismic rise in the demand for consumer products such a loudspeakers, mobile phones and earphones, acoustic diaphragm market size is slated to surge in the next five years. Notably, acoustic diaphragm tends to inter-convert mechanical vibration to sounds and has become highly popular in headphones and speakers.
Market penetration of materials such as paper, polycarbonate, polypropylene, carbon fiber and aluminum has become more pronounced in the past several…
How will increasing demand for stainless steel transform the Ferroalloys Market …
One of the recent breakthroughs in the global ferroalloys market is the potential acquisition of Ferro Alloys Corporation by Vedanta- a natural resource company early this year. As per reliable sources, the acquisition is expected to complement Vedanta’s current steel business considering the fact that integration of Ferro manufacturing capabilities would offer the possibility to generate significant efficiencies.
Meanwhile, yet other company, Boston Metal has declared having raised over USD 20…
Polyphenylsulfone Market 2021 | Regional Insights & Growth Forecast To 2025
The polyphenylsulfone market will witness significant expansion with the rise in healthcare concerns and the growing requirement for biocompatible products. Polyphenylsulfone is a high-performance thermoplastic that is amorphous, heat-resistant, and transparent. It showcases high sterilization properties and is widely employed as an alternative for polyetheretheketone and polyaryletherketone. Furthermore, the polymer sees large adoption across various verticals of the healthcare sector to offer superior dimensional stability and higher resistance against…
Cosmetic Contact Lens Market 2021: Industry Growth, Competitive Analysis, Future …
Increasing trend of using colored contact lenses may have a positive impact on cosmetic contact lens market outlook. Rising popularity of customized lenses with attractive colors, shades and textures for improving eye appearance is likely to propel industry size. Proliferation of entertainment, online and social media platforms are helping boost the adoption of such lenses.
Cosmetic contact lenses are available in several colors such as blue, green, brown, hazel, grey, violet…
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…
