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2020 Global Light Emitting Diode (LED) Market Growth: Drivers And Trends Analysis by TBRC
Light Emitting Diode (LED) Market
The global light emitting diode (LED) market was worth $68.5 billion in 2019. It is expected to grow at a compound annual growth rate (CAGR) of 15.97% and reach $123.89 billion by 2023.
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The light emitting diode (LED) market consists of sales of light emitting diode (LED) and related services. It is widely used in backlighting of TV, mobile phones, automotive lighting and display boards. A light emitting diode (LED) emits light as electrical current passes through it. LEDs are very small, consumes less electric power and can emit lights of different colors based on the semiconductor used in it.
The increased government focus on saving energy contributed to the growth of the light emitting diode (LED) market. LED lamps are more efficient in terms of energy consumption and provides high luminous intensity. LED consumes less power when compared to incandescent bulbs that reduces the load on electric power plants, which in turn reduces the amount of fuel being burnt to generate electricity. For instance, in 2019, in India, the government of India under its energy efficiency program distributed 21 crores (0.21 billion) LED bulbs in the country. Also, in 2019, in Europe, the EU government banned all halogen bulbs in an effort to promote the use of LED bulbs to save energy. Thus, the increased focus of government on saving energy positively drives the growth of LED market.
Light Emitting Diode (LED) Market Segmentation: -
By Product Type
LED Lamps
LED fixtures
By Technology
Basic LED
High Brightness LED
OLED
Polymer
Ultra violet LED
By End-user
Residential
Commercial
Industrial
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Few Points From Table Of Content
1. Executive Summary
2. Light Emitting Diode (LED) Market Characteristics
3. Light Emitting Diode (LED) Market Size And Growth
4. Light Emitting Diode (LED) Market Segmentation
5. Light Emitting Diode (LED) Market Regional And Country Analysis
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.
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25. Light Emitting Diode (LED) Market Competitive Landscape And Company Profiles
26. Key Mergers And Acquisitions In The Light Emitting Diode (LED) Market
27. Light Emitting Diode (LED) Market Trends And Strategies
28. Light Emitting Diode (LED) Market Future Outlook and Potential Analysis
29. Appendix
The report covers the trends and market dynamics of the Light Emitting Diode (LED) Market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the Light Emitting Diode (LED) Market are OSRAM Licht AG, Cree, Inc., Phillips Lighting Holding, and Lumiled holding B.V, Cooper Industries, Virtual Extension, Dialight plc, Zumtobel Group AG, Samsung and Sharp Corporation.
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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