Press release
LED Lighting Market: Global Size, Share, Industry Analysis, Covid-19 Impact, Business Growth, Future Trends, Emerging Technologies and Regional Forecast to 2023
LED Lighting Market
Market Research Future (MRFR), in its latest “LED Lighting Market” report, reveals the growth scope of the market. As per MRFR findings, the global LED lighting market can expand at 145 CAGR across 2017 to 2023. By 2023, the worldwide market of LED lighting can achieve a valuation above USD 105 Bn. The design of LED lights aids in achieving greater efficacy. The light-emitting diode in can emit about 90% more light than incandescent bulbs. The rapid replacement of traditional bulbs with LEDs is identified as a major factor that can push the LED lighting market growth. The affordability of LED technology is likely to spur the growth of the light-emitting diode (LED) lighting market. Increase in strong support by governments across the globe, more focus on LED standardization, booming real estate business, better organized retail market, improvement in rural electricity supply, and the expansion of the world population are other drivers that can prompt the global LED lighting market growth
Get Free Sample at:
https://www.marketresearchfuture.com/sample_request/2860
Key Players:
MRFR identified some reputed names in the LED lighting market. They are; General Electric Company (U.S.), Phillips Lighting Holding B.V. (Netherlands), Cree Inc. (U.S.), Osram Licht AG(Germany), Virtual Extension (Israel), Cooper Industries, Inc. (Ireland), Dialight Plc. (U.K.), Samsung (South Korea), Zumtobel Group AG (Austria), Sharp Corporation (Japan), and others. The rise in competition among global LED lights dealers can benefit the market.
Segmental Study:
The LED lighting market is studied by product, installation type, and application.
The installation type-based segments of the market are retrofit installation and new installation. The retrofit installation segment can generate high profit for the market. Retrofit installation involves a series of tasks before consumers can start using LEDs. For retrofit installation, unique set of circumstances are required to be fulfilled. The determination of scope and design of the cabling installation in retrofit installation can be extensive. Some retrofits installation includes simple expansion of data network or a phone system. Others might involve security and fire-alarm systems, voice and data systems, and an upgraded horizontal-cabling infrastructure.
The product-based segments of the market are luminaires and lamps. The high rate of adoption of luminaires due to their aesthetic appeal is expected to support the global LED lighting market. The growing trend of effective and appealing light solutions as home décor can boost the global LED lighting market growth.
The application-based segments of the market are outdoor lighting and indoor lighting. High intensity of brightness, high reliability, low radiated heat, and longer life span are factors that are boosting the adoption of the LEDs for indoor and outdoor lighting.
Regional Analysis:
Asia Pacific LED lighting market can secure the pole position in the global market due to the rise in indoor farming trend. Technical developments and surge in horticulture practices are forces that can wind-in high revenue for the regional market. The booming semiconductor and manufacturing industries in economies, such as Taiwan, China, Taiwan, and South Korea among other APAC regions can drive the growth of the APAC LED lighting market. Europe LED lighting market can secure the second position in the global market. The high sales figure of LED products and rise in research budget by government can impel the expansion of the EU market through the assessment period. North America LED lighting market rise to expedite due to the presence of tech-savvy population and the growing inclination towards home décor applications of LEDs. Hike in annual income and rise in demand for luxury items can prompt the North America market.
Browse More Details on Report at:
https://www.marketresearchfuture.com/reports/led-lighting-market-2860
Table of Content:
1 MARKET INTRODUCTION
1.1 INTRODUCTION
1.2 SCOPE OF STUDY
1.2.1 RESEARCH OBJECTIVE
1.2.2 ASSUMPTIONS
1.2.3 LIMITATIONS
1.3 MARKET STRUCTURE
2 RESEARCH METHODOLOGY
2.1 RESEARCH TYPE
2.2 PRIMARY RESEARCH
2.3 SECONDARY RESEARCH
2.4 FORECAST MODEL
2.4.1 MARKET DATA COLLECTION, ANALYSIS & FORECAST
2.4.2 MARKET SIZE ESTIMATION
3 MARKET DYNAMICS
3.1 INTRODUCTION
3.2 MARKET DRIVERS
3.3 MARKET CHALLENGES
3.4 MARKET OPPORTUNITIES
3.5 MARKET RESTRAINTS
4 EXECUTIVE SUMMARY
5. MARKET FACTOR ANALYSIS
Continued.........
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients.
Contact:
+1 646 845 9312
Email: sales@marketresearchfuture.com
Blog: http://mrfrblog.com/
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 Lighting Market: Global Size, Share, Industry Analysis, Covid-19 Impact, Business Growth, Future Trends, Emerging Technologies and Regional Forecast to 2023 here
News-ID: 2203181 • Views: …
More Releases from Market Research Future (MRFR)
Payment Service Provider Market Projected to Hit USD 140.91 Billion at a 5.48% C …
Market Overview:
The Payment Service Provider (PSP) market has witnessed substantial growth over the past decade, driven by the explosive rise in digital commerce, mobile payments, and cross-border transactions. As businesses strive to streamline payment processes and deliver frictionless experiences to customers, the demand for robust, secure, and scalable PSP solutions has surged.
PSPs serve as intermediaries between merchants and financial institutions, enabling the acceptance of electronic payments via multiple methods…
Boundary Scan Hardware Market Poised for Growth, Reaching USD 3.16 Billion by 20 …
Market Overview:
The Boundary Scan Hardware Market has emerged as a crucial segment within the electronics testing and debugging industry, offering advanced solutions for fault detection and circuit verification in integrated circuits (ICs) and printed circuit boards (PCBs). Leveraging the IEEE 1149.1 standard, boundary scan commonly referred to as JTAG (Joint Test Action Group) provides a non-invasive and efficient testing methodology that minimizes the need for physical probes. Boundary Scan Hardware…
Metaverse for Automotive Market is Expected to Touch USD 123.51 Billion By 2034
Market Overview:
The Metaverse for Automotive Market is redefining how automakers, suppliers, and consumers interact in a digitally immersive world. With the integration of AR/VR, IoT, blockchain, and AI technologies, the automotive industry is stepping into the virtual realm to enhance everything from product design and manufacturing to marketing, sales, and customer service.
The global rise in digital transformation, coupled with increasing consumer demand for interactive and customized experiences, is fueling…
AGV Software Market to Grow at 10.82% CAGR, Hitting USD 6.46 Billion by 2034
Market Overview:
The AGV Software Market is rapidly evolving as industries shift towards intelligent automation and digital transformation in their logistics and material handling operations. AGV software acts as the brain of autonomous vehicles, enabling seamless navigation, scheduling, route optimization, fleet coordination, and task management. With the growing demand for efficient, contactless, and error-free logistics, AGV systems have found significant adoption across warehouses, manufacturing plants, ports, and healthcare facilities. AGV Software…
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…
