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Electroluminescent Lighting Market : Analysis and Forecast upto 2024
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Acquisitions with leading electroluminescent lighting display companies to use there assets to supply the need of high volumes of printed lights for automotive, transportation, medical lighting applications etc. In addition to all these advertising industry also finds a multiple applications for electroluminescent lighting in sign boards, banners, posters, billboards, POP signs in stores, trade show booths, special offer signs, podium in front of booth area etc. they are also expected to grow during forecast period contributing to the growth of electroluminescent lighting market.
Textile market which includes outerwear, men’s women’s and children’s clothing, toys, footwear, clothing accessories and sports gears etc. has seen a use of electroluminescent lighting. These markets generate more than $250 billion annually and anticipated to drive electroluminescent lighting market. Development and innovations in printed lights, OLED and LEDs can act as a restraints for the growth of electroluminescent lighting market.
In terms of geography, the electroluminescent lighting market has been divided in to five key regions including North America, Latin America, Europe, Asia-Pacific and Middle East & Africa. The electroluminescent lighting market is expected to register healthy CAGR during the forecast period. North America is anticipated to be the dominant market for electroluminescent lighting market followed by Asia Pacific and Europe. The market in Asia-Pacific region is expected to grow at highest CAGR over the forecast period. Countries like China and India are major manufacturing hubs for various electronic, automotive and consumer goods and are likely to provide abundant opportunities for the growth of the electroluminescent lighting market.
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Some of the key players in the electroluminescent lighting market are Technomark, RSP, Inc., LumaMedia,intl., ASM Circuits Pvt. Ltd. Etc.
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