Industrial LED Market 2021 Top 10 Companies, Trends, Growth Factors, Size, Share, Merger and Forecast To 2026

According to the report published by Allied Market Research, the global industrial LED market generated $5.57 billion in 2018, and is estimated to reach $20.16 billion by 2026, registering a CAGR of 16.8% from 2019 to 2026. The report offers an extensive analysis of changing market dynamics, key winning strategies, company profiles, major segments, and competitive heat map.

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Rise in demand for energy conservation and cost effective LED lights, initiative by government toward the adoption of LED, and need of replacement of traditional lights drive the growth of the global industrial LED market. However, high initial investment and voltage sensitivity of LED hinder the market growth. On the other hand, increase in implementation of smart lighting technology creates new opportunities in the coming years.

Allied Market Research recently published a report titled, “Industrial LED Market: Global Opportunity Analysis and Industry Forecast 2020-2027’’.The market report presents the top factors and market trends that are real behind the growth of the market. It also offers an extensive study of evolving market dynamics, top investment pockets, key sections, competitive scenarios, value chain, and major investment prospects. These figures and data are helpful for startups, stakeholders, investors, and the key market players to obtain useful understandings and visions on the market and implement necessary strategies based on the same.

Industrial LED Market Competitive Analysis:

Leading market players analyzed in the research include Deco Lighting, Inc., Cree Inc., Eaton Corporation, Osram Licht AG, Dialight Plc, Koninklijke Philips N.V., General Electric, Zumtobel Group AG, Toshiba Corporation, and Syska.

Covid-19 Impact on the Global Industrial LED Market:

Industrial LED Market Research Report offers an outline of the market based on basic parameters such as market size, sales analysis, and key drivers. The market is expected to expand on a large scale during the forecast period (2021-2024). This report includes COVID-19 impacts on the market. The unprecedented arrival of the coronavirus pandemic (COVID-19) has troubled the complete lifestyles. This in turn has affected some of the market situations along with introducing new norms. The broad view of the research report, therefore, provides the users with the total impacts of covid19 on the industry and the market players.

Covid-19 scenario:

The demand for the industrial LEDs has been reduced during the coronavirus pandemic due to the operational restrictions in the industrial areas across the globe.

The operational and manufacturing disruptions in the electronics industry due to lockdown have impacted the industrial LED demand.

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Industrial LED Market Segmentation:

The report offers a detailed segmentation of the global industrial LED market based on product, application, end user, and region.

Based on product, the LED lamps segment contributed to the largest share in 2018, accounting for more than half of the total share, and is estimated to maintain its dominant position during the forecast period. However, the LED fixtures segment is expected to register the highest CAGR of 19.0% from 2019 to 2026.

Based on application, the indoor lighting segment accounted for the largest share in 2018, holding nearly three-fourths of the total share, and is expected to maintain the largest share throughout the forecast period. However, the outdoor lighting segment is estimated to portray the highest CAGR of 18.2% during the forecast period.

Industrial LED Market Geographical Analysis:

The report also provides a regional analysis of the market along with the competitive setting in each region. The research report encompasses regions including North America (the United States, Canada, and Mexico), Europe (Germany, France, UK, Russia, and Italy), Asia-Pacific (China, Japan, Korea, India, and Southeast Asia), South America (Brazil, Argentina, and Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa). These segmentations aid the market players in framing respective tactics, thus leading way to lucrative opportunities to attain their objectives.

Based on region, Asia-Pacific contributed the highest share, accounting for nearly two-fifths of the total market share in 2018, and will maintain its dominance throughout the forecast period. However, LAMEA is expected to grow at the highest CAGR of 20.2% from 2019 to 2026.

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Global Industrial Led Market Segmentation

By Product

LED Lamps
LEL Fixtures

By Application

Indoor Lighting
Outdoor Lighting
By Industry Vertical
Oil & Gas
Mining
Pharmaceutical
Manufacturing
Others

By Region

North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Russia
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology

1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings

3.2.1. Top impacting factors
3.2.2. Top investment pockets

3.3. Porter’s five forces analysis
3.4. Patent Analysis

3.4.1. By Region (2019)
3.4.2. By Applicant

3.5. Market share analysis (2018)
3.6. Market dynamics

3.6.1. Drivers

3.6.1.1. High demand for cost-effective & energy-saving LED lighting
3.6.1.2. Government campaign toward LED adoption
3.6.1.3. Surge in need to replace traditional lighting

3.6.2. Restraint

3.6.2.1. Voltage sensitivity & temperature dependence
3.6.2.2. High initial cost of LEDs

3.6.3. Opportunity

3.6.3.1. Surge in adoption of smart lighting technology

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