Light-Emitting Diodes Market 2022 Growth and Industry Outlook- PHILPS, COOPER, OSRAM, GE Lighting, Warom Technology, Senben, Tormin

Light-Emitting Diodes Market 2022 report helps the clients to take business decisions and to understand strategies of major players in the industry. The report also calls for market- driven results deriving feasibility studies for client needs. Market Insights Reports ensures qualified and verifiable aspects of market data operating in the real- time scenario. The analytical studies are conducted ensuring client needs with a thorough understanding of market capacities in the real- time scenario.

The LED lighting market was valued at USD 75.81 billion in 2020, and it is expected to reach USD 160.03 billion by 2026, at a CAGR of 14.25% over the forecast period 2021 - 2026. 

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The 200+ pages report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Light-Emitting Diodes Market: PHILPS, COOPER, OSRAM, GE Lighting, Warom Technology, Senben, Tormin, Ocean King Lighting and others.

Recent Developments

January 2021- Opple Lighting announced the launch of its new product line in India. The EcoMax COB Spotlight comprises an innovative lens for a clean beam, the V7 LED bulb has a wide beam angle greater than 180 degrees, the US Spot Utility is a flicker-free clean beam, and the 'HPB E-1' has a high lumen output of 100lm/w and is flicker-free.

February 2021- Orient Electric announced the launch of its emergency LED lights solutions which provide backup lighting for up to 4 hours during a power outage. The range includes LED Bulbs, LED Batten, LED Recess Panel, and Bulkhead.

Market Overview:

Light Emitting Diodes (LEDs) are used in variety of applications. A few years ago, application of LED was limited to certain specific lighting needs and had not entered the mainstream general lighting applications. Entrance of LED in applications such as general lighting has given a strong thrust to the market. LED is expected to take over the conventional CFL and CCFL lighting market due to advanced features. Moreover, it is a cost effective solution for all lighting as well as other application purposes such as backlighting in mobile devices and large screen displays, automotive lighting and many others. LED stands for light-emitting diode. LED lighting products produce light approximately 90% more efficiently than incandescent light bulbs, such as fluorescent and incandescent lights. About 95% of the energy in LEDs is converted into light, and only 5% is wasted as heat, which is leading consumers to opt for a more efficient form of lighting. 

Regional Insights:

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.

Market Segmented by Types:

Organic Light-Emitting Diodes

Polymer Light Emitting Diodes

Others

Market Segmented by Applications:

Electronics

Automotive

Industrial

Others

Regional Analysis:

– North America (United States, Canada, Mexico)

–Europe (Germany, UK, France, Italy, Spain, Russia)

–Asia-Pacific (China, Japan, South Korea, Australia, India)

–South America (Brazil, Argentina, Columbia)

–The Middle East and Africa (UAE, Egypt, South Africa)

Influence of the Light-Emitting Diodes market report:

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-Light-Emitting Diodes market recent innovations and major events.

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-Conclusive study about the growth plot of Light-Emitting Diodes market for forthcoming years.

-In-depth understanding of Light-Emitting Diodes market-particular drivers, constraints and major micro markets.

-Favorable impression inside vital technological and market latest trends striking the Light-Emitting Diodes market.

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Important Features that are under Offering and Key Highlights of the Reports:

– Detailed overview of Market

– Changing market dynamics of the industry

– In-depth market segmentation by Type, Application etc.

– Historical, current and projected market size in terms of volume and value

– Recent industry trends and developments

– Competitive landscape of Market

– Strategies of key players and product offerings

– Potential and niche segments/regions exhibiting promising growth

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