Press release
US LED Market 2022 Competitive Insights and Outlook- Emerson Electric Co., Signify Holding (Philips Lighting), OsRam GmbH, Nichia Corporation
The report considers the present scenario of the US LED Market and its dynamics for the forecast period 2022-2026. US LED Market covers a detailed overview of several growth enablers, restraints, and trends in the market. The research report highlights the market’s current and potential key opportunities along with crucial insights.The US LED Market was valued at USD 9.89 billion in 2020 and expected to reach USD 17.06 billion by 2026 and to register a CAGR of 9.6% over the forecast period 2021 to 2026.
The US LED market is highly competitive and consists of a number of major players. Companies like Emerson Electric Co., Signify Holding (Philips Lighting), OsRam GmbH, Nichia Corporation, Acuity Brands Inc., Cree Lighting (IDEAL INDUSTRIES INC.), ABB Inc., Savant Systems Inc., Hubbell Incorporated, US LED Ltd, Titan LED Lighting Solutions Amongst Others.
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https://www.marketinsightsreports.com/reports/02082591512/us-led-market-growth-trends-covid-19-impact-and-forecasts-2021-2026/inquiry?Mode=Iris
Key Developments:
- February 2020 - Signify Holdings introduced a new integrated Philips Combo Charge Controller for streetlights, enabling the emergence of a hybrid solar system. With this innovation, the company aimed at creating a new market for solar-powered outdoor lightings in Asia, Africa, South America, Australia, and Spain, where the company had already installed solar-powered lighting solutions.
- May 2019 - Osram Fluence LED horticultural lighting was launched in Europe, the Middle East, and Africa (EMEA), supported by its experienced team of technical advisers to help growers produce the best crops possible to meet the market demands in the region.
Key Market Trends:
Residential Sector to Play a Significant Role
- The commercial segment mainly consists of LED applications in the residential and commercial segments. In these areas, LEDs have been commonly used in residential kitchens, hallways, and bathrooms, and in several office and commercial settings. DOE estimated that there have been at least 500 million recessed downlights installed in the US homes, and more than 20 million are sold each year.
- LED technology can decrease downlight wattage by 75% or more. The growing trend of smart building and green buildings and Smart Home is expected to fuel the adoption in the studied segment. Recessed Troffer LED Light and LED-wall Pack Light are some examples.
- In the United States, most of the projected energy savings in 2035 may be driven by the increased use of LED lighting in commercial and residential buildings and outdoor lighting applications - applications characterized by high light output and long operating hours.
Browse the Full report description and TOC at:
https://www.marketinsightsreports.com/reports/02082591512/us-led-market-growth-trends-covid-19-impact-and-forecasts-2021-2026?Mode=Iris
What are the market factors that are explained in the report?
–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a regional scale.
–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
–Analytical Tools: US LED Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
Finally, US LED Market report is the believable source for gaining the Market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request and Market development rate and figure and so on. This report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.
We Also Offer Customization on report based on specific client Requirement:
– Free country Level analysis for any 5 countries of your choice.
– Free Competitive analysis of any 5 key market players.
– Free 40 analyst hours to cover any other data point.
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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 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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