Press release
Industrial LED Market Demand for its End-Products to Increase at a Higher Rate in Developing Countries
Industrial LED Market
Full Access @ https://www.alliedmarketresearch.com/industrial-led-market-A06054
Allied Market Research recently published a report, titled, "Industrial LED Market by Product (LED Lamps and LED Fixtures), Application (Indoor Lighting and Outdoor Lighting), and Industry Vertical (Oil & Gas, Mining, Pharmaceutical, Manufacturing, and Others): Global Opportunity Analysis and Industry Forecast, 2019-2026". According to the report, the global industrial LED industry was pegged at $5.57 billion in 2018, and is projected to garner $20.16 billion by 2026, growing at a CAGR of 16.8% from 2019 - 2026.
Major driving factors for the market growth
High demand for cost-effective & energy-saving LED lighting, government campaign toward LED adoption, and surge in need to replace traditional lighting have boosted the growth of the global industrial LED market. However, voltage sensitivity & temperature dependence, and high initial cost of LEDs hamper the market growth. On the contrary, surge in adoption of smart lighting technology is expected to create lucrative opportunities in the near future.
Download Report Sample (Tables, Figures with Insights): https://www.alliedmarketresearch.com/request-sample/6419
The LED lamps segment dominated the market
Based on product, the LED lamps segment held the largest share in 2018, accounting for more than half of the global industrial LED market, owing to the increased demand for LED lamps and rapid development of smart cities. However, the LED fixtures segment is projected to register the highest CAGR of 19.0% during the forecast period. This is due to features such as longest life rating, best visual lighting, and rise in demand for the LED fixture
The outdoor lighting segment to manifest the fastest CAGR through 2026
Based on application, the outdoor lighting segment is anticipated to portray the fastest CAGR of 18.2% during the forecast period, owing to surge in need for longer service life of light panel/bulbs along with brighter light in outdoor applications. However, the indoor lighting segment held the largest share in 2018, accounting for nearly three-fourths of the global industrial LED market, owing to the features such as flexible design, energy efficiency, and prolonged durability of LEDs.
Asia-Pacific, followed by Europe and North America, held the lion's share
The market across Asia-Pacific held the largest share in 2018, contributing to nearly two-fifths of the market. This is due to technological development in the LED market and a surge in demand for low-power consumption lighting solutions. However, the market across LAMEA is estimated to register the fastest CAGR of 20.2% during the forecast period, owing to the inclination toward advanced technological products, increase in investments in the various industry verticals, and growth in R&D facilities in the region. The global industrial LED market across North America held more than one-fifth of the total market share.
Interested to Procure the Data? Enquire Here: https://www.alliedmarketresearch.com/purchase-enquiry/6419
Major market players
Cree, Inc
Dialight
Deco Lighting, Inc
General Electric
Eaton Corporation
OSRAM
Koninklijke Philips N.V.
Toshiba Corporation (Toshiba Tec Corporation)
Syska
Zumtobel Group AG
Contact:
David Correa
Portland, OR, United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Industrial LED Market Demand for its End-Products to Increase at a Higher Rate in Developing Countries here
News-ID: 2777659 • Views: …
More Releases from Allied Market Research
Winter Footwear Market 2026 : Expeditious Growth Expected in 2021 - 2031 | UGG, …
According to a new report published by Allied Market Research, titled, "Winter Footwear Market," The winter footwear market was valued at $8.6 billion in 2021, and is estimated to reach $13.6 billion by 2031, growing at a CAGR of 4.7% from 2022 to 2031.
"Numerous varieties of winter footwear are expected to boost the market growth in the foreseeable future. Moreover, incorporation of customization, as well as innovative winter footwear is…
Ergonomic Chair Market Research Insights: Uncovering CAGR and USD Growth Drivers …
An ergonomic office chair is mostly utilized in different firms and other business areas where employees operate in a sitting position for extended hours. Adjustable seats, brackets and natural postures, which minimize back discomfort and stress in the lengthy seating time, are the ergonomic chairs. Currently, the offices are selecting ergonomic office chairs over the standard office chair to make the workplace healthier, happier, and to boost employer productivity. The…
Ethnic Wear Market Forecasting Essentials: Interpreting CAGR and USD Projections …
According to a new report published by Allied Market Research, titled, "Ethnic Wear Market," The ethnic wear market size was valued at $89.3 billion in 2021, and is estimated to reach $177.2 billion by 2031, growing at a CAGR of 7.2% from 2022 to 2031.
The market for ethnic wear is mostly driven by the rising number of fashion influencers across the globe. It is difficult to overlook the importance of…
$8.9+ Billion Commercial Janitorial Equipment Market Value by 2031 with a 4.6% C …
According to a new report published by Allied Market Research, titled, "Commercial Janitorial Equipment Market," The commercial janitorial equipment market size was valued at $5.7 billion in 2021, and is estimated to reach $8.9 billion by 2031, growing at a CAGR of 4.6% from 2022 to 2031. There has been a surge in the number of restaurants, hotels, and hospitals across the globe, which further contribute to the demand for…
More Releases for LED
HSC LED Successfully Delivers Taxi LED Displays to Moldova
HSC LED [https://www.hscled.com/] is pleased to announce the successful completion of a major project involving the delivery of taxi LED displays to Moldova. This achievement underscores our dedication to providing high-quality, innovative LED display solutions to global markets.
Image: https://www.abnewswire.com/upload/2025/03/c632e02b61fa3f45fb036d4012a026b5.jpg
This project involved the production and deployment of state-of-the-art taxi top LED displays, designed for high visibility, durability, and intelligent operation. Equipped with high brightness levels, waterproof protection, and efficient heat dissipation,…
Enhancing LED Lighting: What is a reflective LED light?
Nowadays, LED lights [https://www.cnblight.com/products/] have become the mainstream of lighting. There is an interesting question, why do LED lights in homes nowadays, whether they are desk lamps, pendant lamps, ceiling lamps, etc., often need to add a lamp shell? You should know that LED lights emit solid light, unlike traditional lamps such as incandescent lamps and fluorescent lamps, which require a lamp shell on the outside.
There are many reasons that…
Global Backlight LED Market| Global Backlight LED Industry | Backlight LED Marke …
The backlight LED market comprises of sales of Backlight LED & related services. LED backlight is a flat panel display that uses LED backlighting instead of cold cathode fluorescent (CCFL) backlighting. LED backlight displays also use thin-film-transistor liquid-crystal display (TFT LCD) technologies that offer better contrast and brightness, reduced energy consumption, greater color range more quick response to changes in the scene, and photorefractive effects. These displays are small chips…
Global LED Packaging Market Size Detail Analysis focusing Market Segmentation li …
Global LED Packaging Market Size Detail Analysis focusing Market Segmentation like Lamp-LED, Side-LED, TOP-LED, High-Power LED, SMD-LED, and Flip-Chip LED & more
The LED market is one of the quickly growing segments as they are replacing the traditional lighting equipment like bulbs due to their high efficiency and power saving capability. The LED packaging industry is also growing with innovations along with the LED industry as new technologies are being included…
Global LED Driver (LED Lighting Driver) Market Research Report
This report studies the global LED Driver (LED Lighting Driver) market status and forecast, categorizes the global LED Driver (LED Lighting Driver) market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in United States, Europe, China, Japan, South Korea and Taiwan and other regions.
Get sample copy of the report:
https://www.marketdensity.com/contact?ref=Sample&reportid=68754
Table of Contents:
Table of Contents
Global LED Driver (LED Lighting Driver) Market Research Report…
LED Driver And Chipset Market - Tax Exemptions For LED Technology Encourage Use …
Transparency Market Research, in a report titled “LED Driver and Chipset Market - Global Industry Analysis, Trend, Size, Share and Forecast 2015 - 2021,” states that the global LED driver and chipset market is projected to expand at a remarkable CAGR of 23.20% during the forecast period. The report states that the outstanding growth of the overall LED market in recent times will push the value of the LED driver…
