LED Indoor Lighting Market Is Expected to Grow at a CAGR of 14.5% During (2019-2026): Top Players: Emerson Electric, Hubbell Lighting, Cree, Toshiba, GE Lighting, Philip
A closer look at the overall LED Indoor Lighting business scenario presented through self-explanatory charts, tables, and graphics images add greater value to the study.
New York, NY -- (SBWire) -- 02/21/2019 --This study gives an all-encompassing view of the global LED Indoor Lighting market along with its forecasted growth. The report gives an in-depth view of the growth of the industry over the years with reference to historical data and trends gathered from trusted sources and an analysis of the present standing of the industry. The global industry for LED Lighting has been experiencing a steady growth and is forecasted to give a CAGR of 14.5% in the span of a decade. The lighting sector has gone through an extensive evolution, with the recent addition of LED, which promises energy-conservation and longer life when compared to the older variants of lighting. Globally, the demand for LED lighting is escalating due to extensive usage of the same on the domestic as well as industrial front.
An LED or Light Emitting Diode emits light using electroluminescence effect and are utilised in various places – indoor spaces being one of them. The indoor lighting includes different kinds of lighting depending on various factors and even has a variety of shapes, sizes and voltage. The LED lighting market is now well established and has a consumer-base that extends to major regions. Key producer companies are located in USA, Asia Pacific and Europe and contribute a significant share to its global demand.
As compared to compact fluorescent lamp (CFL), the LED lights are more energy-efficient as they consume 80% lesser amount of energy, emit 1/10th of the heat emitted by CFLs and possesses better durability making it more affordable. These factors give the LED industry the edge they need in the market and promise a stable growth. The LED indoor lighting business experienced a boost in its demands in the past few years and according to our estimate, it shall experience a steady-paced rise.
In market segmentation by manufacturers, the LED Indoor Lighting report covers the following
DECO Lighting, RAB Lighting, LSI, MaxLite, Osram, Emerson Electric, Bravoled, GEMCORE, Acuity Brands, Hubbell Lighting, HUGEWIN, XtraLight, Havells Sylvania, Ligman Lighting, Cree, Westinghouse, Toshiba, GE Lighting, Philips
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Market split by Type, can be divided into:
- <60w
- 60w-100w
- >100w
Market split by Application, can be divided into:
- Healthcare Indoor Lighting
- Commercial Indoor Lighting
- Industrial Indoor Lighting
- Home Indoor Lighting
The trends seen during the analysis of the market show a steep increase in its demand in the past and the forecast shows a possible CAGR of almost 20% in the first half of the next decade. The companies that are reviewed and profiled here are Acuity Brands, Osram, Cree, Toshiba, GE Lighting, Philips Lighting, Bravoled, MaxLite, Emerson Electric among others. These companies own major shares and are responsible for a sizeable growth in production. Geographically, the industry is based mostly in USA, Asia Pacific and Europe, which are included in the regions examined here. As per our analysis, the size of the LED indoor lighting industry is forecasted to increase substantially over the coming years.
The study offers accurate data collected from trusted sources, an evaluation of the same and an extensive analysis based on this information with the trends recorded and fluctuations observed. The analysis of LED Indoor Lighting market promises exceeding growth in its demand in the near future. It shall witness growth in its size and share in the market worldwide. With an extensive product line, the industry is spreading into diverse sectors of the business. The report gathers historical data from the year 2016 to 2017, while considering 2018 as its base years and gives forecasts till the year 2026. The industry has many opportunities to expand into new regions as there is a lot of potential for the same. The trends observed in the historical data and statistics along with the industry's current standing in the industry have been broadly analysed to deduce the forecast and track the future growth and trends of the company.
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Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:
- United States
- Europe
- China
- Japan
- Southeast Asia
- India
We can also provide the customized separate regional or country-level reports, for the following regions:
North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa
In this study, the years considered to estimate the market size of LED Indoor Lighting are as follows:
History Year: 2013-2017
Base Year: 2017
Estimated Year: 2018
Forecast Year 2019 to 2026
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