Light-Emitting Diode (LED) Lighting Market to Observe Prominent CAGR of 13.80% by 2030, Size, Share, Trends, Growth and Competitive Outlook

The newest report from Data Bridge Market Research, “Light-Emitting Diode (LED) Lighting Market” examines growth strategies, drivers, opportunities, key segments, Porter’s Five Forces analysis, and the competitive environment in detail. In order to thrive in the rapidly evolving marketplace, businesses today require innovative and exceptional solutions. The Light-Emitting Diode (LED) Lighting Market research report serves as an outstanding resource, offering up-to-date technical and financial insights into the industry until 2030. Clients gain an unparalleled understanding of the best market opportunities within their respective sectors through this comprehensive report. Market segmentation is extensively covered, considering multiple aspects that can greatly assist businesses.

Data Bridge Market Research analyses that the light-emitting diode (LED) lighting market is expected to reach USD 177.63 billion by 2030, which is USD 63.15 billion in 2022, registering a CAGR of 13.80% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

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Global Light-Emitting Diode (LED) Lighting Market Drivers

• Increasing usage of light-emitting diode (LED) technology

The light-emitting diode (LED) lighting is gaining high popularity in the floriculture sector owing to NASA, which continues to conduct experiments for the growth of the plant under light-emitting diode (LED) lighting. These light show huge potential as floriculture lighting fixtures because of less energy consumption, cool operation and the capability to customize spectral output to produce the specific wavelengths. The growing usage of light-emitting diode (LED) technology in the floriculture sector is expected to drive the market’s growth rate.

• Growing construction activities in the commercial sectors

Increasing construction activities and rapid urbanization in the commercial sectors of different nations are anticipated to fuel the demand light-emitting diode (LED) lighting in the market during the forecast period. For instance, Wipro Lighting has announced the establishment of a new business unit combining seating solutions and commercial lighting in June 2022. It proposes to provide more comprehensive solutions to its consumers in the B2B space and provide more value. Such expansions will further drive the growth of the market.

Top Leading Key Players of Light-Emitting Diode (LED) Lighting Market:

• Signify Holding (Netherlands)
• Digital Lumens, Incorporated (U.S.)
• OSRAM Gmbh (Germany)
• General Electric (U.S.)
• Toshiba Corporation (Japan)
• Eaton (Ireland)
• Koninklijke Philips N.V. (Netherlands)
• Cree LED (U.S.)
• EVERLIGHT ELECTRONICS CO. LTD. (Taiwan)
• Lumigrow (U.S.)
• Samsung (South Korea)
• Savant Systems Inc. (U.S.)
• Syska (U.S.)
• Sharp Corporation (U.S.)
• Dialight (U.K.)
• Zumtobel Group (Austria)
• Illumitex Inc, (U.S.)

Recent Development

• In 2022, SYSKA LED launched the Syska LED Recessed SMD Downlight (Glowslick-SSK-SLP). This is a perfect lighting solution for indoor purposes because it can be used in homes, showrooms, stores, malls and office spaces.
• In 2022, Signify entered a partnership with Gerard Lighting Group, a electrical lighting product producer. This acquisition intended to strengthen its position in the global lighting markets of New Zealand and Australia, as well as to offer growth opportunities, such as those between Signify’s connected lighting solutions and Pierlite’s luminaire offerings solutions.
• In December 2022, ARRI acquired Claypaky. With through this acquisition, ARRI intends to increase its lighting solution supply to the live entertainment and motion picture industry, improving the market presence of ARRI.

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Key Market Segments Covered in Light-Emitting Diode (LED) Lighting Industry Research

Product

• Lamps
• Luminaires

 Device Configuration

• Pinned
• Chip on Board
• Surface-mounted
• Others

 Technology

• Basic
• High Brightness
• Organic Light-Emitting Diode (OLED)
• Ultra Violet
• Polymer

Distribution Channel

• Direct Sales
• Wholesale/Retail

 Application

• Indoor
• Outdoor

End-Use

• Commercial
• Residential
• Industrial
• Others

Light-Emitting Diode (LED) Lighting Market Regional Analysis/Insights

The countries covered in the Light-Emitting Diode (LED) Lighting Market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and rest of South America as part of South America.

The country section of the report also provides individual market-impacting factors and changes in market regulation that impact the current and future trends of the market. Data point downstream and upstream value chain analysis, technical trends, porter’s five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.

Investing in this study would grant you access to valuable information, including:

• Comprehensive coverage of the Light-Emitting Diode (LED) Lighting Market, both globally and broken down by regions.
• Regional-level breakdowns of the market, including North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
• Country-specific market size splits for the most important countries with major market shares.
• Market share and revenue/sales data for the industry’s leading players.
• Analysis of market trends such as emerging technologies, products, and start-ups, as well as PESTEL Analysis, SWOT Analysis, Porter’s Five Forces, and more.
• Detailed market size data, including breakdowns by application/industry verticals.
• Projections and forecasts for the market’s future growth and development.

New Business Strategies, Challenges & Policies are mentioned in Table of Content, Request TOC: https://www.databridgemarketresearch.com/toc/?dbmr=global-led-lighting-market&Somesh=

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