Press release
LED Tube Light Market Report, Top Manufacturers, Global Survey, Business Strategies and Forecast 2022-2027
LED Tube Light Market
Light-emitting diode or LED tube light refers to one of the most energy-efficient and affordable linear tube lighting systems. They are available in various types, such as T5, T8, T12, etc. LED tube light solutions work perfectly well with control systems and have high energy efficiency and longer life as compared to their conventional counterparts. They are eco-friendly, provide maximum light output and energy savings, and facilitate an extensive array of color temperatures. LED tube light products are extremely lightweight and durable, require virtually no maintenance or warm-up time, and remain stable even in extremely cold conditions. Consequently, they find widespread applications across numerous sectors, including residential, commercial, hospitality, industrial, etc.
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Market Trends:
The inflating prices of electricity across the globe and the launch of multiple awareness campaigns and policies for environmental protection and energy conservation by government bodies are primarily driving the LED tube light market. In addition to this, the rising expenditure on research and development (R&D) activities by leading market players to design advanced LED lighting products is acting as another significant growth-inducing factor. Apart from this, the introduction of innovative marketing and promotional strategies through newspapers and televisions to improve product awareness among consumers is also positively influencing the market growth. Moreover, the escalating product demand from the corporate segment, on account of their enhanced ambiance lighting and control features and reduced maintenance costs, is further stimulating the global market. Besides this, the elevating product employment for street lighting solutions is anticipated to bolster the LED tube light market over the forecasted period.
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Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
• Acuity Brands, Inc.
• Eaton Corporation PLC
• Foshan Electrical and Lighting Co., Ltd
• GE Lighting
• Iris Ohyama Inc.
• Koninklijke Philips NV
• Ledvance Lighting Company
• Opple Lighting
• OSRAM
• Panasonic Corporation
• Syska LED
• Toggled
• Yankon Lighting
• Zumtobel Group
LED Tube Light Market Segmentation:
Our report has categorized the market based on region tube type and application.
Breakup by Tube Type:
• T5
• T8
• T12
• Others
Breakup by Application:
• Residential
• Office
• Industrial
• Hospitality
• Others
Breakup by Region:
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
Note: We are updating our reports, If you want latest primary and secondary data (2023-2028) with Cost Module, Business Strategy, Competitive landscape, etc. Click request free sample report, the report will be delivered to you in PDF format via email within 24 to 48 hours after the payment confirmation.
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About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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