The LED lighting market is segmented on the basis of installation type, product and application. On the basis of installation type it consists of retrofit installation. The retrofit installation involves a multitude of tasks that must complete, before the consumers begin to remove or install cable. The retrofit requires to address a unique set of circumstances, determined by the scope and design of the cabling installation. Some retrofits involves a simple expansion of a phone system or a data network. Others may involve voice and data systems, security and fire-alarm systems and an upgrade to the backbone or horizontal-cabling infrastructure.
The rapid advancement in technology, encourage the invention of better and cost effective technology. The light-emitting diode (LED) is one of today’s most energy-efficient and rapidly-developing lighting technologies. LED is a highly energy efficient lighting technology, and has the potential to fundamentally change the future of lighting. LED is very different from incandescent bulbs and CFLs, the differentiating factor is LEDs are the size of a fleck of pepper, and a mix of red, green, and blue LEDs is typically used to make white light.
The LED lighting Market is growing rapidly over 14% of CAGR and is expected to reach approximately at USD 105 billion by the end of forecast period.
The key drivers of LED lighting market is strong government support, focus on LED standardization, boom in real estate sector, organized retail market, improvement in rural electrictification and growing population are theignificant drivers of the LED lighting market. The advantages of LED lighting include high intensity of brightness, high energy efficiency, low radiated heat, high reliability, negligible UV rays and long life span.
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Major Key Players:
- Phillips Lighting Holding B.V. (Netherlands)
- General Electric Company (U.S.)
- Osram Licht AG (Germany)
- Cree Inc. (U.S.)
- Cooper Industries, Inc. (Ireland)
- Virtual Extension (Israel)
- Dialight Plc. (U.K.)
- Zumtobel Group AG (Austria)
- Samsung (South Korea)
- Sharp Corporation (Japan)
The LED lighting market has been segmented on the basis of product type and application. On basis of application the LED lighting consists of indoor lighting, outdoor lighting.
In outdoor lighting the fixture manufacturers developed models that integrate the electronic components of energy-efficient LEDs into their designs. The integrated LED fixtures are easier to find ever before. A few manufacturers invent high-tech technology by merging wireless controls with the models. The manufacturers made the components of the newest integrated LED fixtures replaceable to eliminate the need and cost. The outdoor lighting fixtures that accommodate incandescent light bulbs won’t disappear even though the bulbs will, because those same fixtures also accept more-efficient CFL and LED bulbs.
The regional analysis of LED lighting market is being studied for region such as Asia Pacific, Americas, Europe and Rest of the World. Rapid infrastructure activities across different industries has driven the market of LED lighting market in Asia-Pacific region followed by European region. Europe held the largest share of the global LED lighting market and is set to dominate the world marketplace. This growth is mainly attributed to the rising demand for outdoor application paired with stringent energy efficiency regulation.
Market Research Analysis:
Market Research Future Analysis shows that new adoptions of energy efficient and cost effective components result in sudden hike in LED lighting market. It has been observed that developments in LED lighting gives automotive designers an important new tool to differentiate their products. LED lighting market has encourage government to ban incandescent lamps and is expected to minimize the impact over the next few years.
Regional analysis for LED lighting market is studied in different geographic regions as North America Europe, Asia-Pacific and Rest of World. The European market is expected to be one of the leading players because there is demand for new lighting technology and solution in LED lighting, the application of it in hospitality business, architectural sights and lighting regulating in animal, plant and human biorhythms. North America is one of the prominent player in LED lighting market and is expected to witness noteworthy growth in the near future. Regulation over energy efficient product and high disposal income will help to drive demand for LED lighting for architectural application in North America region.
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- Networking and Communication Service Providers (CSPs)
- Investors and consultants
- System Integrators
- Government Organizations
- Research/Consultancy firms
- Technology solution providers
- IT Solution Providers
- Automobile Manufacturers
- Construction Companies
Table of Contents
1 Market Introduction
1.2 Scope of Study
1.2.1 Research Objective
1.3 Market Structure
2 Research Methodology
2.1 Research Type
2.2 Primary Research
2.3 Secondary Research
2.4 Forecast Model
2.4.1 Market Data Collection, Analysis & Forecast
2.4.2 Market Size Estimation
List of Tables
Table 1 Led Lighting Market, By Installation Type
Table 2 Led Lighting Market, By Product
Table 3 Led Lighting Market, By Application
List of Figures
Figure 1 Research Type
Figure 2 Led Lighting Market: By Installation Type (%)
Figure 3 Led Lighting Market: By Product (%)
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