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Light Emitting Diode Market Share, Trends Analysis, Key Players, Drivers And Forecast To 2032
Light Emitting Diode Market Analysis
The Business Research Company's Light Emitting Diode Global Market Report 2023 identifies xx- aging population as the major driver for the light emitting diode market's growth in the forecast period. The elderly population is increasing rapidly across the world, and it is expected to continue over the forecast period. By 2030, the population aged 65 year and above is expected to reach approximately 70 million in the USA.
the retirement communities market reached a value of nearly $189.3 billion in 2020, having increased at a compound annual growth rate (CAGR) of 0.1% since 2015. The retirement communities' market is expected to grow from $189.3 billion in 2020 to $285.1 billion in 2025 at a rate of 8.5%. The retirement communities' market is then expected to grow at a CAGR of 5.6% from 2025 and reach $374.7 billion in 2030.
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Major competitors 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.
A key trend in the light emitting diode market includes production of LEDs specifically for horticulture. 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.
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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.
The Business Research Company's "Global Light Emitting Diode Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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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
29. Key Mergers And Acquisitions In The Light Emitting Diode (LED) Market
29. Light Emitting Diode (LED) Market Future Outlook and Potential Analysis
30. Appendix
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