LED Lamp Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Choose License

Report Code: ZMR-1860 | Report Format : | Status : Upcoming |


Global LED Lamp Market: Overview

LED lamps make use of a semiconductor device emitting visible light when an electric current passes through it. Advancements in LED lamps in terms of its output, efficiency, and cost have made them appropriate for large-scale use in various fields such as household, business, and other places. Comparatively, they are more environment-friendly and are more durable having the ability to replace incandescent or halogen bulbs. Owing to their advantages, LED lamps to have their presence in a wide range of applications ranging from indoors, outdoors, to business, to mention a few.

Global LED Lamp Market: Growth Factors

Strict government regulations to ban inefficient lighting systems that consume more energy is the major factor propelling the growth of the global LED lamps market. Low prices of such energy-efficient lamps are making large organizations to adopt them on a large-scale. In addition, government support seen for energy-efficient lighting via various subsidies such as UJALA scheme by Indian Government has further resulted in these lamps to be made available at lower prices for the sole purpose of saving energy. Several countries taking up initiatives to build better roadways, smart cities, and flyovers for the development of their infrastructure further impacts the growth of the global LED lamps market in a positive way. Owing to their advantages such as low heat emitted, high efficacy, and longer life, the demand for LED lamps is increasing rapidly. Conversely, the dominance of fluorescent bulbs and no or low awareness of LED lamps among users may hamper the growth of the global LED lamp market.

Global LED Lamp Market: Segmentation

The global LED lamp market is segmented on the basis of product type, application, and region. Based on the product type, the global market is segmented as decorative, general purpose, and specialty. On the basis of application, the global LED lamps market is segmented as indoor, outdoor, and industrial. The indoor segment is further sub-segmented as residential, retail, commercial, healthcare, and hospitality. The outdoor segment is sub-segmented as public places, highways, and others. Geographically, the global market is segmented as North America, Latin America, Europe, Asia-Pacific, and the Middle East and Africa.

Global LED Lamp Market: Regional Analysis

Europe is anticipated to dominate the global LED lamp market in terms of revenue. This is mainly attributed to the fact that modernization in Europe has rapidly increased the demand for smart lighting and smart homes options. Moreover, benefits provided by LED lamps such as low operational costs, energy-efficient lighting, and long product life cycle are the major factors boosting the growth of the global LED lamps market in this region. The European Commission has come up with requirements for energy-efficient lighting solutions in industrial, residential, and public areas. This has also impacted the global market growth in Europe in a positive way.

Global LED Lamp Market: Competitive Players

Some of the major players in the global LED lamps market include General Electric Company, Phillips Lighting Holding BV, OSRAM Licht AG, Cooper Industries Inc., and Cree Inc.

Global LED Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Report Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

Related Reports

Body Sensor Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Price : $ 3599.00 | Report Code: ZMR-2694 | Report Format:

Global Body Sensor Market: Overview A body sensor is basically a wireless system related to wearable computing devices. These gadgets or devices can be installed within the body implants and can be surface-mounted within the body in a settled point. The body sensors are a wearable invention, whi...Read More

Autonomous Robot Market by Mode of Operation (Human Operated and Autonomous), by Mobile Product (Unmanned Ground Vehicle, Unmanned Aerial Vehicle, and Unmanned Marine Vehicle); for Application (Industrial & Manufacturing, Aerospace & Defense, Oil & Gas, Logistics & Warehouse, Medical & Healthcare, Mining & Minerals, Forest & Agriculture, and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024

Mar-2018 | Price : $ 4199.00 | Pages: 110 | Report Code: ZMR-2675 | Report Format:

Report Brief The report covers the forecast and analysis for the autonomous robot market on a global and regional level. The report includes the positive and the negative factors that are influencing the growth of the market. Future opportunities for the market are discussed in the report. Th...Read More

Nanophotonics Market by Product (LED, OLED, NFO, Photovoltaic Cells, Optical Amplifier, Optical Switches, Holographic Data Storage System and Others) for Consumer Electronics, Material Science, Non Visible Wavelength Instruments, Non Visual Applications, Indicators and Other Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2016-2022

Feb-2018 | Price : $ 4199.00 | Pages: 110 | Report Code: ZMR-2615 | Report Format:

The report covers forecast and analysis for the nanophotonics market on a global and regional level. The study provides historic data of 2014-2016 along with a forecast from 2017 to 2022 based on revenue (USD Billion). The study includes drivers and restraints for the nanophotonics market along wi...Read More

Home Automation Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Price : $ 3599.00 | Report Code: ZMR-2582 | Report Format:

Global Home Automation Market: Overview The rising requirement for functions such as the exceptional experience provided by smart home automation and convenience of remote operation is expected to boost the global home automation market. This industry is anticipated to see an elevation in share ...Read More

Why Choose Us ?

24/5 Research support

Resolved your research queries from industry expert. Request for a free research sample before report purchase.

Custom research service

Ask the Analyst to customize an exclusive study to serve your research needs.

Quality & Accuracy

Zion Market Research reports offers best quality reports based on various authentic and accurate data findings.

Customer Satisfaction

We ensure that our client's all research needs are met with customized, in-depth analysis solutions.

Information security

We never share your personal and confidential information. Your personal information is safe and secure with us.

Quick Inquiry