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LED Thermal Products market was valued at US$ 2268 million in 2022 and is anticipated to reach US$ 4809.3 million by 2029, witnessing a CAGR of 11.2% - Valuates Reports
The global LED Thermal Products market was valued at US$ 2268 million in 2022 and is anticipated to reach US$ 4809.3 million by 2029, witnessing a CAGR of 11.2% during the forecast period 2023-2029.Get sample report - https://reports.valuates.com/request/sample/QYRE-Auto-4S13081/Global_LED_Thermal_Products_Sales_Market_Report_2023
Most of the electricity in an LED becomes heat rather than light (about 70% heat and 30% light). If this heat is not removed, the LEDs run at high temperatures, which not only lowers their efficiency, but also makes the LED less reliable. Therefore, LED Thermal Products are used to remove or decrease the heat that created by LED.
The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global LED Thermal Products key players include Sunonwealth, Aavid Thermalloy, Cree Inc., SiTime(Mega), etc.
China is the largest market, with a share nearly 30%, followed by Europe and North America, both have a share over 45 percent.
In terms of product, Heat Sink covered over 35 % of the market share, and is projected to dominate the market. And based on of application, the largest application is Residential, followed by Office, etc.
This report aims to provide a comprehensive presentation of the global market for LED Thermal Products, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding LED Thermal Products.
The LED Thermal Products market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global LED Thermal Products market comprehensively. Regional market sizes, concerning products by type, by application and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the LED Thermal Products manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.
Segment by Type
Heat Sink
Ceramic PCB
Fansink
Thermal Clad Board
Thermally Conductive Pad
Others
Segment by Application
Residential
Office
Industrial
Shop
Automotive
Others
Get detailed report - https://reports.valuates.com/market-reports/QYRE-Auto-4S13081/global-led-thermal-products-sales
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