LED Light Bulbs Market Demand Overview, Growth Innovation, Latest Trends and Business Forecast By 2027

The Global LED Light Bulbs Market 2021 by Regions, Type, and Application, forecast to 2027 research report is a comprehensive, methodical, and all-encompassing examination of the industry. The study's goal is to help key vendors, organisations, and end-users in the industry better grasp the benefits and complete features of market segments. It examines market dynamics and gives an overview to aid in the definition, categorization, and statistical analysis of markets. The present condition of the worldwide LED Light Bulbs market, as well as its future prospects.

In accordance with the LED Light Bulbs market is set to grow at a CAGR of 14.29% over the forecast period (2021-2027).

The report's authors used a unique and industry-leading research and analysis technique to conduct an in-depth analysis of the worldwide LED Light Bulbs market. From 2021 through 2027, this study anticipates demand, trends, and revenue growth at regional and country levels, as well as an examination of industry trends in each of the sub-segments.

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In the worldwide market, there are a number of important and rising LED Light Bulbs market Key players:

Osram, Philips, GE Lighting, Acuity Brands, Eaton, Cree, Panasonic, Toshiba, Sharp, Yankon Lighting, Opple, Hubbell, Zumtobel Group, NVC (ETI), Nichia, FSL, TCP, Havells, Mitsubishi, MLS

Industry News:

Philips has acquired 36 companies, including 16 in the last 5 years. A total of 13 acquisitions came from private equity firms. It has also divested 13 assets.

Philips’ largest acquisition to date was in 2007 when it acquired Respironics for $5.1B. It’s largest disclosed sale occurred in 2021 when it sold Koninklijke Philips - Domestic Appliances Business to Hillhouse Capital Management for $3.7B. Philips has acquired in 12 different US states, and 10 countries. The Company’s most targeted sectors include medical products (38%) and electrical equipment (10%).

Market segment by Type, covers:

Spot Light

Street Light

Tube Light

WALL Washer Light

Bulb

Others

The application covered in the report include:

Residential

Office

Shop

Hospitality

Others

Market Overview

The LED Light Bulbs market was valued at USD 75.81 billion in 2021, and it is expected to reach USD 160.03 billion by 2027, at a CAGR over the forecast period 2021 - 2027. An estimated savings of USD 18 billion in electricity costs can be achieved by transitioning to energy-efficient LEDs. 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 world, 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.
Countries across the world are widely adopting LED lighting. For instance, New York planned to replace 250,000 streetlights with LEDs, which was to be followed by the replacement of decorative lights in the urban areas. Barcelona (Spain) deployed more than 3,000 smart streetlights based on LED technology, which gathers information about pollution, humidity, noise, and the overall environment.​

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Latin America is Expected to Occupy Significant Market Share
In Latin America, nearly 80% of the total population resides in urban areas, which is expected to rise during the forecast period. By the end of 2045, urban dwellers are estimated to increase by two billion globally. Thus, in such a scenario, it becomes essential for countries to use energy more efficiently and fuel the market's growth.
The growth of the LED Light Bulbs market in the region can be attributed to the declining manufacturing cost of LEDs and the increasing demand for energy-efficient and sustainable lighting. For instance, Brazil, which used to export LEDs, has now set up many manufacturing facilities to accelerate its adoption in commercial, industrial, and government public sectors.

Regional Outlook:

This research report focuses on LED Light Bulbs market volume and value at regional Opportunity and company Trends From a global perspective, this report Study represents overall market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: Americas, Europe, Asia-Pacific, Middle East & Africa and ROW.

Europe would enjoy the second spot where several factors like automation and better technical inclusion and Scope. The Asia Pacific region has better prospect in growing with a high CAGR in the coming years as the regional market would witness several changes in the infrastructure.

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Table of Contents: LED Light Bulbs Market

Chapter 1: Global LED Light Bulbs Market Overview

Chapter 2: Economic Impact on Industry

Chapter 3: LED Light BulbsMarket Competition by Manufacturers

Chapter 4: Production, Revenue (Value) by Region

Chapter 5: Supply (Production), Consumption, Export, Import by Regions

Chapter 6: Production, Revenue (Value), Price Trend by Type

Chapter 7: LED Light Bulbs Market Analysis by Application

Chapter 8: Manufacturing Cost Analysis

Chapter 9: Industrial Chain, Sourcing Strategy and Downstream Buyers

Chapter 10: Marketing Strategy Analysis, Distributors/Traders

Chapter 11: LED Light Bulbs Market Effect Factors Analysis

Chapter 12: Research Conclusions of Global LED Light Bulbs Market

Impact of COVID-19:

The COVID-19 epidemic has impacted markets and customer behaviour in a short period of time, and it is having a significant influence on economies and society. With offices, educational institutions, and manufacturing facilities closed indefinitely, big sports and events postponed, and work-from-home and social distance rules in place, businesses are increasingly seeking technology to assist them to get through these trying times. The COVID-19 epidemic is wreaking havoc on companies all around the world.

Report Customization:

The Global LED Light Bulbs Market report may be modified to meet your specific business needs. Because we understand what our clients want, we provide 25% customization for any of our MID reports at no additional cost to all of our clients.

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