Press release
Light Emitting Diode (LED) Market Trends, Top Companies, Share, Growth And Forecast 2032 | OSRAM Licht AG, Cree Inc., Lumiled holding B.V, Cooper Industries, Virtual Extension
Light Emitting Diode Market Analysis
As per the light emitting diode market report by The Business Research Company, 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 size will grow from $70.11 billion in 2022 to $78.23 billion in 2023 at a compound annual growth rate (CAGR) of 11.6%. 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, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global light emitting diode (LED) market size is expected to grow to $110.73 billion in 2027 at a CAGR of 9.1%.
Read More On The Light Emitting Diode Market Report Here:
https://www.thebusinessresearchcompany.com/report/light-emitting-diode-global-market-report
Major competitors in the Light Emitting Diode market include 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 Light Emitting Diode 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
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Light Emitting Diode market.
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A light emitting diode (LED) is a semiconductor device that emits light as an electrical current pass through it. LEDs are very small, consume less electric power, and can emit lights of different colours based on the semiconductor used in it. It is widely used in the backlighting of TV, mobile phones, automotive lighting, and display boards.
The Table Of Content For The Light Emitting Diode Market 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
The "Global Light Emitting Diode Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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