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COVID-19 Impact on LED Lighting Market 2020 | Samsung Electronics, LG Innotek Co., Nichias Corp, OSRAM LICHT, Everlight Electronics

08-12-2020 10:35 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: IMARC Group

COVID-19 Impact on LED Lighting Market 2020 | Samsung

The global LED lighting market reached a value of US$ 80.8 Billion in 2019. Looking forward, the market is expected to continue its moderate growth during the next five years., according to a new report by IMARC Group.

A light-emitting diode (LED) refers to a solid-state device that comprises compound semiconductor materials. LED lighting generates non-coherent and narrow-spectrum light when an electric current is passed through it. Nowadays, LED lighting is extensively used in a wide variety of domestic and industrial products ranging from screens and walls to ceilings and wearables.

Get a PDF Sample for more detailed market insights: https://www.imarcgroup.com/led-manufacturing-plant/requestsample

LED Lighting Market Trends:

Rising environmental consciousness is one of the key factors driving the market growth of LED lighting across the globe. LED lighting has zero mercury content and emits considerably less amount of carbon monoxide, owing to which it is rapidly replacing the conventional lighting systems such as CFLs. Furthermore, governments of several nations are taking initiatives to promote the usage of LED lighting as an environment-friendly lighting solution, which is acting as another major growth-inducing factor. The emerging trend of smart cities, ongoing rural electrification projects in various countries, and the advent of Li-fi technology, which uses light waves instead of radio waves to transmit data, are some of the other factors that are expected to provide a positive thrust to the market in the coming years.

Note: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

View Report TOC, Figures and Tables: https://www.imarcgroup.com/led-manufacturing-plant

Key Market Segmentation:

Performance of Key Regions

India
China
Europe
United States
Japan
Brazil
Russia

Market by Application

Retrofit
Retail and Hospitality
Outdoor
Offices
Architectural
Homes
Industry

Some of the major players operating in the industry include:

Nichias Corp (5393:Tokyo)
OSRAM LICHT AG NA O.N. (OSR.DE)
Samsung Electronics (SSNLF )
Everlight Electronics Co., Ltd. (TPE: 2393)
LG Innotek Co., Ltd. (KRX: 011070)

Key highlights of the report:

Market Performance

Market Outlook

Porter’s Five Forces Analysis

Market Drivers and Success Factors

SWOT Analysis

Value Chain

Competitive Structure

Profiles of Key Players

Do You Have Any Query or Specific Requirement? Ask to Our Industry Expert: https://www.imarcgroup.com/request?type=report&id=540&flag=C

Browse related reports:

https://marketresearchpublicist.com/led-street-lights-market-growth-industry-trends-outlook-demand-keyplayer-analysis-and-opportunity-imarc-group/

https://www.feedsfloor.com/imarc-group/united-states-led-downlight-market-research-report

Contact US: IMARC Group
30 N Gould St, Ste R
Sheridan, WY 82801, USA
Website: https://www.imarcgroup.com/
Email: sales@imarcgroup.com
USA: +1-631-791-1145
Follow us on twitter: @imarcglobal
Linkedin: https://www.linkedin.com/company/imarc-group

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

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