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Light Emitting Diode (LED) Market Is Likely To Witness A Rise In Growth And Industry Size By 2031 | OSRAM Licht AG, Cree Inc., Phillips Lighting Holding
Light Emitting Diode (LED) Market
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The global light emitting diode (LED) market report by the business research company identifies the increased government focus on saving energy contributed to the growth of the light emitting diode (LED) market. LED lamps are more efficient in terms of energy consumption and provides high luminous intensity. LED consumes less power when compared to incandescent bulbs that reduces the load on electric power plants, which in turn reduces the amount of fuel being burnt to generate electricity.
The global light emitting diode (led) market grew from $61.33 billion in 2021 to $69.03 billion in 2022 at a compound annual growth rate (CAGR) of 12.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The light emitting diode (led) market is expected to grow to $96.17 billion in 2026 at a CAGR of 8.6%.
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Asia Pacific was the largest region in the light emitting diode market in 2021. North America was the second-largest region in the light emitting diode market. The regions covered in the light emitting diode market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Major players in the light emitting diode market are 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, and General Electric Company.
The global light emitting diode (led) market is segmented -
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
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The Light Emitting Diode (LED) Market Report Contents Include
1. Executive Summary
2. Light Emitting Diode (LED) Market Characteristics
3. Light Emitting Diode (LED) Market Trends And Strategies
4. Light Emitting Diode (LED) Market - Macro Economic Scenario
5. Light Emitting Diode (LED) Market Size And Growth
....
26. Africa Light Emitting Diode (LED) Market
27. Light Emitting Diode (LED) Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Light Emitting Diode (LED) Market
29. Light Emitting Diode (LED) Market Future Outlook and Potential Analysis
30. Appendix
This report covers the trends and market dynamics of the light emitting diode (LED) market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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