Press release
LED Packaging Market 2022 Growth, Prominent Players: Samsung Electronics Co. Ltd, OSRAM Opto Semiconductors GmbH, Dow Corning
The LED Packaging Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the LED Packaging market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the LED Packaging market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the LED Packaging market.The LED Packaging Market has registered a CAGR of 6% over the forecast period 2021 - 2026.
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Top Leading Companies of LED Packaging Market are - Samsung Electronics Co. Ltd, OSRAM Opto Semiconductors GmbH, Nichia Corporation, LG Innotek, Seoul Semiconductor Co. Ltd, Stanley Electric Co. Ltd, Lumileds Holding BV, Everlight Electronics Co. Ltd, Toyoda Gosei Co., Dow Corning, Citizen Electronics Co. Ltd, TT Electronics PLC and others.
Industry News and Updates:
- November 2018 - Nichia launched color temperature tunable COB LED series. It includes COB packaged, which itself controls the light emission color of the tunable LED series.
- January 2018 - Lumileds announced a new 5/5-mm packaged LED. The 2W product has high-power specifications and targets outdoor and industrial solid-state lighting (SSL) applications, which are typically served by high-power LEDs.
Key Market Trends:
Increasing Demand from Residential Segment to Drive the Market
- The residential sector outlook has largely been optimistic, driven by a shift in consumer demand toward energy-effective lightings, such as LEDs. Moreover, recent government initiatives and growing awareness among consumers are expected to have a significant impact on the industry.
- Out of all the lighting sources, LED lights hold a major share. The growing awareness and increasing policies of the various governments have globally increased the penetration rate of LEDs. The global LED penetration is on the continuous surge YoY. According to Goldman Sach, the penetration rate is expected to cross 60% by 2020.
Asia-Pacific to Witness the Fastest Growth
- Currently, Asia-Pacific is experiencing a tremendous shift in lighting systems, as companies in this region are adopting LED lighting systems in the industries, owing to their improved efficiency.
- China had gradually reduced the sale of incandescent light bulb products, during the last five years. This ensures that outdated technology is soon to be replaced by more advanced and profitable technology.
- The Indian government's plan of deploying cost-effective LED’s across the end users received a decent response. The country is on the verge of replacing all street lamps with LED and adopting smart LEDs for traffic signals. This move is likely to increase the demand for local LED manufacturers, leading to the growth of the LED packaging market.
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- LED Packaging Market Size & Analysis (2016 - 2026)
- Market Share Analysis of LED Packaging Market (%),2016 - 2026
- LED Packaging Market Share, By Brand
- LED Packaging Market Share, By Company
- LED Packaging Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies LED Packaging Market Value Analysis & Forecast
- Promising LED Packaging Development by Major Companies
- Detailed LED Packaging Portfolio of the Major Companies
- Major Deals in the LED Packaging Market
- Major Companies Analysis
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We Offer Customization on Report Based on Specific Client Requirement:
- Country Level analysis for any 5 countries of your choice.
- Competitive analysis of any 5 key market players.
- 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 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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