North America indoor LED lighting market is expected to register a CAGR of 9.8% in the forecast period of 2019 to 2026

North America indoor LED lighting market is expected to register a CAGR of 9.8% in the forecast period of 2019 to 2026
North America Indoor LED Lighting Market Report 2019 Explaining Sales, Segmentation, Application, Competitors etc

A light-emitting diode is a semiconductor diode which emits light on conducting current. It is used in indoor and outdoor lighting, electronic displays among others. In other words, light-emitting diodes are small devices that convert electrical energy into near-UV and visible wavelengths when packaged and connected to an electrical circuit.

They are made from semiconductor materials that are crystals made of two or three elements combined, for instance, gallium indium nitride (GaInN) or gallium phosphide (GaP). These unique combinations of elements have distinctive crystalline structures that can accommodate both holes (positively charged electron vacancies) and electrons (negatively charged), that are separated by a band-gap since they exist at different energy levels.

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Key Players in North America:

  • Signify Holding
  • General Electric
  • OSRAM GmBH
  • Cree, INC.
  • Eaton
  • Hubbell
  • Dialight
  • Zumbotel
  • Syska
  • NEPTUN LIGHT.INC
  • delviro energy
  • iGuzzini
  • SmartRay Inc
  • Bamford Lighting
  • Contrac Lighting
  • interLED
  • Dextra Group Plc
  • Astute Lighting Ltd
  • Sondia Lighting
  • Ecoled Ltd among others

Recent developments:

  • In December 2018, OSRAM GMBH announced the launch of the IoT platform for the lighting and building market, which would help in getting the more market share and expansion.
  • In December 2018, OSRAM GMBH announced the launch of lighting and sensing applications for the microSNAP by Rinspeed, as it would be beneficial for the company as.
  • In November 2018, OSRAM GMBH announced the launch of Osconiq S3030, Osram Opto Semiconductors, it would be beneficial for OSRAM as it would meet professional demands in general lighting applications.

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Segmentation:

  • Offering
  • Installation type
  • Wattage type
  • Application

On the basis of offering, the market is segmented into

  • Hardware
  • Software
  • Services

The hardware segment is sub-segmented into

  • Lamps
  • bulbs tubes
  • luminaries
  • surface mounted
  • wall mounted
  • free standing
  • downlight
  • linear and others

In March 2017, Signify Holding has announced the launch of the LED Luminous vinyl flooring, which would allow the floor to send the message, suitable for retail and hospitality environment, it would help to engage shoppers, visitors and employees.

On the basis of installation type, the market is segmented into

  • new installation
  • retrofit installation

In September 2017, Cree Inc. launched the high lumen directional LED bulbs i.e. BR30 100W replacements and R20 75W lamps for the rooms with high ceilings.

On the basis of application, the market is segmented into

  • automotive
  • residential
  • commercial and others.

The commercial segment is further sub-segmented into

  • parking
  • airport
  • sports stadium
  • hotel and others.

The commercial segment is expected to hold the major share of this market in 2019, and this trend is expected to continue in the forecasted years 2019 to 2026.

In October 2018, Cree Inc. announced the launch of Linear High-Bay Luminaires, the LXB Series which is suitable for high ceilings, high ambient temperatures and high-profile spaces, would expand the product portfolio of the company.

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