Press release
Light Emitting Diode (LED) Market 2021 Advancement And Precise Outlook- OSRAM Licht AG; Cree, Inc.; Phillips Lighting Holding; Lumiled holding B.V; Cooper Industries
Global Light Emitting Diode (LED) Market Size and Forecast to 2021 – 2030 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data. The research analysts provide a detailed description of the value chain and its distributor analysis. This Market study provides comprehend Light Emitting Diode (LED) data that enhances the understanding, scope, and application of this report.The study includes market share analysis and profiles of players such as OSRAM Licht AG; Cree, Inc.; Phillips Lighting Holding; Lumiled holding B.V; Cooper Industries; Virtual Extension; Dialight plc; Zumtobel Group AG; Samsung; Sharp Corporation; LG Innotek; General Electric Company; everylight electronics; Nichia Corporation.
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The global light emitting diode (led) market is expected to grow from $71.25 billion in 2020 to $78.29 billion in 2021 at a compound annual growth rate (CAGR) of 9.9%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $124.7 billion in 2025 at a CAGR of 12%.
Market Overview:
The light emitting diode (LED) market consists of sales of light emitting diode (LED) and related services. It is widely used in backlighting of TV, mobile phones, automotive lighting and display boards. A light emitting diode (LED) emits light as electrical current passes through it. LEDs are very small, consumes less electric power and can emit lights of different colors based on the semiconductor used in it.
The light emitting diode market covered in this report is segmented by product type into led lamps and led fixtures. It is also segmented by technology into basic LED, high brightness LED, OLED, polymer and ultra violet LED and by end-user into residential, commercial and industrial.
Production of LEDs specifically for horticulture is an emerging trend in the light emitting diode (LED) market. Light plays an important role in promoting the plant’s growth and LEDs have the capability to control the spectrum of the light provided to the plants irrespective of the season. The LED lights used in horticulture not only promotes growth of the fruits and plants but also enhances flavor, color and yields in a shorter time. For instance, in 2019, Cree Inc., a USA-based manufacturer of lighting class LEDs and lighting products, launched its next generation XLamp XP-E2 photo red (660 nanometre) and far red (730 nanometre) LEDs, to improve crop production under LED lights that helps to provide a unique combination of optical control, light output and high power LED reliability to be used in horticulture.
Industry News and Update:
In 2019, Signify, a Dutch-based based provider of connected LED lighting systems, software and services, announced its decision to acquire Cooper Lighting Solutions for $1.4 Billion. Signify is expected to close the deal in the first quarter of 2020.Through the acquisition, signify aims to strengthen its market position in North America by utilizing the broad indoor and outdoor lighting solutions provided by Cooper Lighting Solutions. Cooper Lighting Solutions headquartered in United States, is a provider of professional lighting, lighting controls, and connected lighting.
in 2019, Cree Inc., a USA-based manufacturer of lighting class LEDs and lighting products, launched its next generation XLamp XP-E2 photo red (660 nanometre) and far red (730 nanometre) LEDs, to improve crop production under LED lights that helps to provide a unique combination of optical control, light output and high power LED reliability to be used in horticulture.
Market Scope:
1) By Product Type: LED Lamps; LED fixtures
2) By Technology: Basic LED; High Brightness LED; OLED; Polymer; Ultra violet LED
3) By End-user: Residential; Commercial; Industrial
Browse the report description and TOC:
https://www.marketinsightsreports.com/reports/08103166912/light-emitting-diode-led-global-market-report-2021-covid-19-impact-and-recovery-to-2030-including-1-by-product-type-led-lamps-led-fixtures-2-by-technology-basic-led-high-brightness-led-oled-polymer-ultra-violet-led-3-by-end-user-residential-commercial-industrial-covering-osram-licht-ag-cree-inc-phillips-lighting-holding-lumiled-holding-b-v-cooper-industries?Mode=A28
Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the Organic Soft Drinks market.
Region Coverage: Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Countries Coverage: USA, France, Germany, UK, China, Australia, India, Indonesia, Japan, South Korea, Russia, Brazil
The study objectives of this report are:
To study and analyze the global Light Emitting Diode (LED) size (value and volume) by the company, key regions/countries, products and application, history data from 2020 to 2025, and forecast to 2030.
To understand the structure of Light Emitting Diode (LED) by identifying its various sub-segments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Focuses on the key global Light Emitting Diode (LED) manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
To analyze the Light Emitting Diode (LED) with respect to individual growth trends, future prospects, and their contribution to the total market.
To project the value and volume of Light Emitting Diode (LED) submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
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Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.
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Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
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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