LED Lighting Market is expected to reach $134 bn by 2031, growing at a CAGR of 9.1% between 2021-2031.
Global LED Lighting Market report from Global Insight Services is the single authoritative source of intelligence on LED Lighting Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
LED lighting is a type of lighting that uses light–emitting diodes (LEDs) as the source of light. LEDs are semiconductor devices that convert electrical energy into visible light. LED lighting is more energy–efficient and has a longer lifespan than traditional lighting such as incandescent and fluorescent lighting.
COVID-19 Impact:
The impact of covid on LED lighting market was mainly felt in the short term, as the lockdown led to a decrease in demand from the construction and hospitality sectors. However, the long-term impact is expected to be positive, as the move to LED lighting is seen as a way to reduce energy costs.
To remain ‘ahead’ of your competitors, request for a sample: https://www.globalinsightservices.com/request-sample/GIS10050/
Key Trends and Drivers:
- The growing number of smart city projects around the world is driving up demand for smart lighting solutions for highway and roadway applications. Governments in a number of nations, including India, Italy, Germany, and China, are focused on strategic partnerships to construct smart cities, thereby increasing market representation.
Market Segments:
By Product:
- Lamps
- Luminaries
By Application:
- Commercial
- Residential
- Industrial
By Distribution Channel:
- Online
- Distributors
- Retailers
Key Companies:
- Acuity Brands Lighting Inc.
- Dialight
- Hubbell
- Panasonic Corporation
- Siteco GmbH
- MIC Electronics Ltd.
- Havells India Ltd.
- InstaPower Ltd.
- Phillips Lighting Holding B.V.
Get a Customized Scope to Match Your Need Ask an Expert: https://www.globalinsightservices.com/request-customization/GIS10050
With Global Insight Services, you receive:
- 10-year forecast to help you make strategic decisions
- In-depth segmentation which can be customized as per your requirements
- Free consultation with lead analyst of the report
- Excel data pack included with all report purchases
- Robust and transparent research methodology
Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario
About Global Insight Services:
Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.
Contact Us:
Global Insight Services LLC
16192, Coastal Highway, Lewes DE 19958
E-mail: [email protected]
Phone: +1–833–761–1700
Website: https://www.globalinsightservices.com/