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