Mexico LED Lighting Market Analysis by Recent Developments and Demand 2021 – Acuity Brands, Inc, Signify Holdings BV, General Electric Company, Dialight PLC, Opple Lighting

The Mexico LED Lighting report provides overall structure and business outlook of the global and regional industries. The study also involves the important Achievements of the market, Research & Development, new product launch, product responses and regional growth of the leading competitors operating in the market on a global and local scale. This study provides information about the growth and revenue during the historic and forecasted period of 2015 to 2025. The structured analysis contains graphical as well as a diagrammatic representation of global Mexico LED Lighting Market with its specific geographical regions.

The Mexico LED lighting market is expected to witness a growth at a CAGR of 17.1% over the forecast period (2020-2025).

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Top leading Manufactures Profiled in Mexico LED Lighting Market Report are: Acuity Brands, Inc, Signify Holdings BV, General Electric Company, Dialight PLC, Opple Lighting, ASSIC Group, Eaton Corporation, OSRAM GmbH

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Segmentation by type: breakdown data from 2016 to 2021, in Section 2.3; and forecast to 2026 in section 11.7.
Spot Light
Led Luminaires
Street light
Bulbs
FL tube

Segmentation by application: breakdown data from 2016 to 2021, in Section 2.4; and forecast to 2026 in section 11.8.
Residential
Office
Industrial
Shop
Hospitality
Others

Regional Analysis for Mexico LED Lighting Market:

For a comprehensive understanding of market dynamics, the global Mexico LED Lighting market is analyzed across key geographies namely the United States, Europe, China, Japan, Southeast Asia, India, Central & South America. Each of these regions is analyzed based on market findings across major countries in these regions for a macro-level understanding of the market.

Mexico LED Lighting Market Overview:

- The National Public Lighting Program to replace traditionally lightings with LED aimed at sustainable use of energy.The National Public Lighting Program in support from CONUEE, and the Federal Electricity Commission for guidance on implementation, verification, and financing of efficient lighting projects.

- According to the World Bank, Over 2.6 million high-efficient light bulbs were sold to the residential customers for a subsidized cost of 60% in two cities (Guadalajara and Monterrey) as part of the pilot project demonstration for efficient LED lighting. This project - ILUMEX has surpassed its physical targets and successfully demonstrated the feasibility of reducing both greenhouse gas emission and reduction in electricity consumption.

- Nevertheless, due to the availability of low-cost materials and a recovering economy, global players are setting up their manufacturing facilities in the region. For instance, in June 2019, a USD 1 billion plant in the State of San Luis Potosi, Mexico, was unveiled, which will be BMWs second in Americas when production starts in early 2021.

- However, the market has been affected by the recent outbreak of COVID 19, and companies have been forced to restructure their strategies to deal with the ongoing pandemic. Companies like Signify were the worst hit due to this pandemic. Signify in February 2020 had planned to upgrade their solar connected street light to toggle between solar and grid power by using Philips Combo Charge Controller. But the company has gone into financial crunch due to the COVID outbreak, the company in March 2020 had announced a 20 percent pay cut of all their employees.

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News and Latest Developments

The Mexico LED lighting market is highly fragmented, with the presence of a large number of domestic as well as international players in the country. Due to the fragmented nature of the market, the competition among the players is high.

- March 2020 - Signify announced the completion of the acquisition of Cooper Lighting Solutions from Eaton for USD 1.5 billion. With this acquisition, the company has planned to focus on the innovation of connected lightings and systems. This is estimated to drive the revenue growth of the company in the North American market with an aimed increase in professional revenues from 42% to 53%.

- February 2020 - Signify introduced a new integrated Philips Combo Charge Controller for streetlights, enabling the emergence of a hybrid solar system. With this innovation, the company is aiming at creating a new market for solar powered outdoor lightings in Asia, Africa, South America, Australia, and Spain, where the company has already installed solar-powered lights.

Table of Contents:

-Mexico LED Lighting Market Overview

-Economic Impact on Industry

-Market Competition by Manufacturers

-Production, Revenue (Value) by Region

-Supply (Production), Consumption, Export, Import by Regions

-Production, Revenue (Value), Price Trend by Type

-Market Analysis by Application

-Manufacturing Cost Analysis

-Industrial Chain, Sourcing Strategy and Downstream Buyers

-Marketing Strategy Analysis, Distributors/Traders

-Market Effect Factors Analysis

-Mexico LED Lighting Market Forecast

Years considered for this report:
Historical Years: 2015-2019
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2020-2025Top of Form

In conclusion, Mexico LED Lighting market report presents the descriptive analysis of the parent market supported elite players, present, past and artistic movement information which is able to function a profitable guide for all the Mexico LED Lighting Industry business competitors. Our expert research analyst’s team has been trained to provide in-depth market research report from every individual sector which will be helpful to understand the industry data in the most precise way.

What is the Impact of Covid-19 Outbreak on the Mexico LED Lighting?

– Optimistic Scenario: COVID-19 is contained by May or June, With Normalcy returning to global operations through the End of Q2.

– Conservative Scenario: COVID-19 Remains Prevalent, with Continued Impacts Lasting into Q4.

– Estimated Impact of the Coronavirus (COVID-19) Epidemic on the Global Mexico LED Lighting.

– Mexico LED Lighting Market Size in 2021

– Corporate Strategy the Manufacturers Should Be Thinking About Right Now.

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