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

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

Abstract

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

Vision Guided Robots Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Price : $ 3599.00 | Report Code: ZMR-2291 | Report Format:

Vision Guided Robots Market: Overview The vision guided robots are the robots that work on the technology where the functionality of the sensor is performed by the camera by providing the feedback to the robot supervisor in order to accurately move an object to destined location. The basic funct...Read More

Electric Sub-meter Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Price : $ 3599.00 | Report Code: ZMR-2283 | Report Format:

Electric Sub-meter Market: Overview The electric-sub meter helps in recording and measuring the consumption of the electricity for the individual component of the construction instead of having an individual meter that will measure the entire consumption of the energy in the construction. Instal...Read More

Bimodal Identity Management Solutions Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Price : $ 3599.00 | Report Code: ZMR-2282 | Report Format:

Bimodal Identity Management Solutions Market: Overview The bimodal identity management solutions integrate the conventional enterprise identity architectures with the added security layer. With the help of the solutions companys integral information system is safeguarded. Bimodal Identity Mana...Read More

Portable Solar Charger Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Price : $ 3599.00 | Report Code: ZMR-2274 | Report Format:

Portable Solar Charger Market: Growth Factors The portable solar chargers have the following features they are small, wearable and handy thus can easily carried by the consumers; it offers portability and enhances the mobile applications of the product which results in the quality end user exper...Read More

Microelectromechanical Systems (MEMS) Market for Automotive, Consumer Electronics, Industrial, Healthcare, aerospace & defense, and Other Applications: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2016 – 2022

Sep-2017 | Price : $ 4199.00 | Pages: 110 | Report Code: ZMR-2257 | Report Format:

The report covers forecast and analysis for the microelectromechanical systems market on a global and regional level. The study gives historical data of the year 2014, 2015, 2016 and forecast for 2017-2022 on the basis of revenue (USD Billion). The study includes drivers and restraints for the mic...Read More

Choose License Type:
Latest Published Reports

View All Published Reports