LED Lighting Market 2021 Global Insights and Business Scenario – Heliospectra AB, Dialight PLC, Nichia Corporation, Savant Systems Inc., OSRAM GmbH

The LED Lighting Market was valued at USD 75.81 billion in 2020 is expected to reach USD 160.03 billion by 2026 at a CAGR of 14.25% over the forecast period 2021 - 2026. By transitioning to energy-efficient LEDs, an estimated savings of USD 18 billion in electricity costs can be achieved. Furthermore, more than 160 million metric tons of carbon dioxide emissions can be avoided every year.

- Lighting accounts for nearly 10% of electricity usage in households and 18-40% of commercial premises. There is a growing need for energy saving across the globe, which is creating scope for the market. It is expected that the transition to energy-efficient lighting would reduce the global electricity demand for lighting by 30-40% in 2030.

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The prominent players in the global LED Lighting market are:

Heliospectra AB, Dialight PLC, Nichia Corporation, Savant Systems Inc., OSRAM GmbH, Signify NV (Philips Lighting), Panasonic Corporation, Acuity Brands Inc., Hubbell Incorporated

- July 2020 - Savant Systems Inc, has completed the acquisition of GE Lighting from GE creating GE Lighting, a Savant company. This acquisition will support both these companies to provide a unique and cost-effective intelligent lighting and smart home solutions to its customers.

- March 2020 - Panasonic Life Solutions launched its first exclusive store in Hyderabad, India largely spread across 6,000 sq. ft. The new store showcases products ranging from advanced Electrical Wiring Devices, Switchgear, Wires, LED lighting solutions, IAQ (Fans) and Water Heaters for the residential, commercial, and industrial segment. The move supplements the brands plan to augment its retail presence in India. The company plans to open 130 such stores across Tier 1 and Tier 2 markets in India by end of FY21-22 to cater to the growing need of the ECM (Electrical and Construction Material) Industry.

Market segment by Types:

LED Lenses
LED Lens Array
LED Collimator Lens
LED Light Guides
LED Reflectors
Others

Market segment by Applications:

Residential Lighting
Commercial Lighting
Industrial Lighting

 Top of FormMarket Segmentation by Region:

North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Europe, Germany, France, UK, Italy, Russia, Rest of Europe, Central & South America

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Global LED Lighting Market Overview:

The report considers the various factors based on secondary sources, market size, key data parameters such as the market positioning of key players in terms of the regional revenue, segmental revenue. Geographic penetration also shows the market potential, market risk, industry trends, and opportunities. Secondary sources mainly include journals, companies’ annual reports, websites, public and paid databases, and press releases.

There are some useful suggestions and recommendations provided in the report that will help players to strengthen their market position. The report serves its readers both ways, i.e. by offering quick data and information and by providing comprehensive analysis. This helps the report to cater to the needs or expectations of different buyers. Moreover, the report can be customized according to the requirements of buyers. Market players use it to plan out new strategies or amend their existing ones for improving sales and profit margins.

Furthermore, Global LED Lighting Market following points are involved along with a detailed study of each point: –

– Global LED Lighting Market Overview, Drivers, Restraints and Opportunities, Segmentation overview

– Global LED Lighting Market competition by Manufacturers (2020-2026)

– Production and Consumption by Regions

– Complete profiling and analysis of Manufacturers (2020-2026)

– Manufacturing cost analysis, Materials analysis, Region-wise manufacturing expenses

– Industrial Chain, Sourcing Strategy and Downstream Buyers

– Marketing Strategy Analysis, Distributors/Traders

– Global LED Lighting Market Effect Factors Analysis (2020-2026)

– Global LED Lighting Market Forecast (2020-2026)

– Global LED Lighting Market Research Findings and Conclusion

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyses key emerging trends and their impact on present and future development.

All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234
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sales@marketinsightsreports.com
irfan@marketinsightsreports.com

MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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