LED Lighting Market- Global Industry Analysis, Size, Demand Forecast 2030

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LED Lighting Market- Global Industry Analysis, Size, Demand Forecast 2030: SPER Market Research



 Published: Nov-2022
 Author: SPER Analyst


Global LED Lighting Market is projected to be worth USD 166.17 billion by 2030.

The Global LED Lighting Market is predicted to grow most rapidly in emerging economies because in both residential and commercial applications, LED lighting has surpassed the purchase of fluorescent lighting, and in the upcoming years, the proportion of LED technology is anticipated to rise. The sales of LED bulbs and lighting fixtures must achieve their maximum levels internationally in the following years in order to continue on the path toward net-zero emissions. As one of the main development factors for the LED lighting industry, this is anticipated to hasten the adoption of LED lighting technology in the upcoming years.

The coronavirus pandemic had a substantial influence on the world economy, including travel and labour restrictions, supply chain and industrial disruptions, and a fall in demand and consumer expenditure in a variety of industries. It is anticipated that a sharp fall in infrastructure installation and construction projects would stifle the growth of the LED industry in the residential, commercial, and industrial sectors. Delays in construction projects have a detrimental effect on the LED industry's pace of revenue growth. However, the outbreak increased demand for UV LED in the medical sector. It was thus projected that the LED Lighting Market would grow. The growth of the LED Lighting Market has been hampered by Original Equipment Manufacturers (OEMs) gradual output and a decline in demand for lighting systems as well as other electrical products. Lack of components and supplies has a big influence on the worldwide supply chain. The global financial system was also affected by cuts to various capital expenditures and delays in scheduled projects in various businesses.


The Global LED Lighting Market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Acuity Brands, Cree Inc., Everlight Electronics Co. Ltd., General Electric Company, Hubbell Lighting, Koninklijke Philips N.V., LG Innotek Co. Ltd., Lumens Co. Ltd., Lumileds Holding B.V., Nichia Corporation, Osram Licht AG, Savant Systems, Seoul Semiconductor Co. Ltd., Signify Holding.

SPER Market Research study aims to provide market dynamics, demand and supply with yearly forecast to 2030. This report provides data for growth estimates and forecasts for product type segment – By Application {Indoor (Commercial, Industrial, Residential, Others), Outdoor (Architectural Buildings, Sports Complexes, Streets and Roads, Tunnels, Others)}, By Product Type {Lamps (A-type, T-type, Others), Luminaries (Decorative, Directional, Downlighting, Others)}, By Installation (New, Retrofit), By LED Lighting (1600 Lumens, 1100 Lumens, 800 Lumens, 450 Lumens, High-Power LED, Lower-Power LED), By Sales Channel (Direct Sales, E-Commerce, Retail/Wholesale), By End User (Commercial, Industrial, Residential, Others).


This report also provides the data for key regional segments of North America, Europe, Asia-Pacific and Rest of the World. 

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

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SPER-IPSOS
SPER-Heineken
SPER-IQVIA
SPER-Kankar IMRB

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