The global high power LED market size was USD 4.56 Billion in 2021 and is expected to register a revenue CAGR of 4.2% during the forecast period, according to latest analysis by Emergen Research. Increasing demand for smart lighting systems is the key factor driving market revenue growth. Smart lighting is seen as the new frontier of the worldwide lighting industry, as smart homes, Internet of Things (IoT), and other new advanced technologies are primary driving factors in the expansion of high power LED market. The industry is currently more focused on light intensity dimming, lighting color temperature control, environmental sensing, and monitoring as significant applications of smart lighting idea. However, smart lighting devices may be utilized as a hub and incorporated as a crucial component of IoT systems and smart home networks. Rising demand for smart lighting systems prompts manufacturers to introduce new products in the market. In October 2021, Universal Remote Control, Inc. (URC), a U.S based residential and commercial automation solution provider announced the introduction of its new smart home lighting system product line.
The high power LED Market Research Report published by Emergen Research has been formulated by analysis of key business details and extensive geographical spread of the high power LED industry. The study offers comprehensive coverage of the qualitative and quantitative analysis of the high power LED market along with crucial statistical data about the high power LED market. The research study provides historical data from 2017 to 2018 and offers accurate forecast estimation until 2027. The report also profiles established and emerging players of the market, covering the business overview, product portfolio, strategic alliances, and business expansion strategies.
Get a sample of the report @ https://www.emergenresearch.com/request-sample/1260
Some Key Highlights from the Report
The flip chip segment accounted for largest revenue share in the global high power LED market in 2021 due to rising adoption in automotive and general lighting applications. The revolutionary flip chip technology reduces prices and energy consumption while also reducing environmental footprint. The chip architecture improves heat dissipation, which reduces energy consumption even more, with up to 20% less energy consumed compared to existing LEDs.
The flash lighting segment is expected to register a steady revenue growth rate over the forecast period due to rising trend for capturing high-quality images using mobile phones. Flashlight provides additional light source to capture images in dim light. Conventional LEDs emit 6-7 lumens, whereas high power LEDs emit over 80 lumens.
The Asia Pacific is expected to register a significantly fast revenue growth rate during the forecast period due to rising government initiatives to promote LED lighting in countries across the region, particularly in China, Japan, and India. In addition, rapid development of smart buildings and residential infrastructure across the region creates high demand for LEDs. Around 800 smart city projects are now ongoing in China. In June 2015, the Indian government began a 100-smart-city program, which is planned to be completed in 2023.
On 01 June 2022, Cree LED, a U.S based LED products manufacturer introduced the XLamp Element G LEDs, which provide a new product class with unrivaled light output and efficiency for LEDs of this size. XLamp Element G LEDs are the most recent addition to Cree LED’s extensive array of lighting solutions, providing maximum light output and optical performance with unprecedented accuracy and control.
Prominent Players Analyzed in the Report:
Samsung, LG Innotek, Seoul Semiconductor Co., Ltd., Plessey Semiconductors, Stanley Electric Co., Ltd., Crescent Opto Private Limited, Vollong Electronics Co., Limited, Betlux Electronics Co., Ltd., OSRAM GmbH, Cree LED, an SGH company, Everlight Electronics Co., Ltd., and Lumileds Holding B.V.
Request a discount on the report @https://www.emergenresearch.com/request-discount/1260
Furthermore, the report divides the High Power LED market into key segments and sub-segments to offer an analysis of the product type and application spectrum of the industry. It also offers predictions about the segments expected to show significant growth during the projected timeline.
Emergen Research has segmented the global high power LED market based on packaging structure, wattage, application, and region:
Packaging Structure Outlook (Revenue, USD Billion; 2019-2030)
Flip Chip
Vertical
Mesa
Wattage Outlook (Revenue, USD Billion; 2019-2030)
1-2.9 W
3-4.9 W
5-10 W
>10 W
Application Outlook (Revenue, USD Billion; 2019-2030)
General Lighting
Automotive Lighting
Flash Lighting
Backlighting
Others
The report offers a comprehensive breakdown of the regional analysis of the market and subsequent country-wise analysis. The regional analysis of the market comprises of production volume information, consumption volume and patterns, revenue, and growth rate for the forecast period of 2022-2030. According to the regional analysis, the market is primarily spread over key geographical regions as follows:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Request customization of the report @https://www.emergenresearch.com/request-for-customization/1260
The report covers key points of the market, including the standards, regulations, and policy changes applied by the government on the industry for the coming years. The report encompasses thorough research carried out by the application of advanced analytical tools such as SWOT analysis and Porter’s Five Forces analysis to pinpoint the growth trends and patterns. Factors likely to influence the growth of the market, current trends, opportunities, restraining factors, and business landscape are discussed in-depth in the market study.
Overview of the High Power LED Market Report:
Introduction, Product Scope, Market Overview, and Opportunities
Analysis of the Manufacturers with sales, revenue, and price analysis
Comprehensive analysis of the competitive landscape
Extensive profiling of the key competitors along with their business strategies and market size
Regional analysis of the market along with sales, revenue, market share, and global position
Country-wise analysis of the market along with types, applications, and manufacturing
Strategic recommendations to established players as well as new entrants
In-depth analysis of the risks, restraints, and limitations in the High Power LED industry
Click here to Buy Now @https://www.emergenresearch.com/select-license/1260
Thank you for reading our report. Please connect with us to know more about the report or the customization of the report. Our team will ensure the report is best suited to meet your requirements.
Read similar reports by Emergen Research:
Lipid Nanodiscs Market
Multi Modal Imaging Market
Gel Documentation System Market
Gel Documentation System Market
Electronic Skin Patches Market
Near Infrared Spectroscopy Market
Hemodynamic Monitoring Devices Market
Biophotonics Market
Immunocytokines Market
Mammography Workstations Market
About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
Contact Us:
Eric Lee
Corporate Sales Specialist
Emergen Research | Web: www.emergenresearch.com
Direct Line: +1 (604) 757-9756
E-mail: [email protected]
Visit for More Insights: https://www.emergenresearch.com/insights
Explore Our Custom Intelligence services | Growth Consulting Services