Sci-Tech

LED Market – Advanced Technologies & Growth Opportunities in Industry By 2024

Global LED market comprises of the LED based products that find application in lighting, displays, automotive, backlighting, signals and others. The price of the technology is the very important factor in any market. Decreasing prices of LED lamps is one of the major factors impacting the global LED market.

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Government bodies such as local government and municipal utilities and states provide rebates for promoting installation of renewable energy systems and energy efficiency measures. These programs provide funding for energy saving solutions such as bulbs, solar water heating and photovoltaic (PV) systems. Utility companies are also providing various rebates to their commercial and industrial customers for helping them cope with future energy cost increases provide significant energy and economic benefits to the utility system and ratepayers and reduce greenhouse gases. Therefore, this will drive the demand for the LED market.

Increase in government focus on energy saving solutions, increase in utility rebates, and Growing display and large screen backlighting market majorly drive the market. Despite such advantages, high initial cost tends to impede the growth of this market. In the near future, growth of smart lighting and high efficacy LED are factors expected to create lucrative opportunities for the key players operating in the LED market.

The LED market is segmented based on product type, device configuration, technology, end-user, application, and region. Based on product type, it is categorized into LED Lamps, LED Fixtures, based on device configuration, it can be categorized as Pinned LED, Chip on Board LED, Surface-mounted LED and Others. The technology segment is further segmented into basic LED, high brightness LED, OLED, Ultra Violet LED and polymer. The end-user segment is divided into residential, commercial, industrial, outdoor and architectural. The application segment is divided into automotive, general lighting, backlighting, signal & signage and others. Based on region, the market is analyzed across North America, Asia Pacific, Europe, and LAMEA.

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LED Market Key Segments:

By Product Type: LED Lamps, LED Fixtures

By Device Configuration: Pinned LED, Chip on Board LED, Surface-mounted LED, Others

By Technology: Basic LED, High Brightness LED, OLED, Ultra Violet LED, Polymer

By End-user: Residential, Commercial, Industrial, Outdoor, Architectural

By Application: Automotive, General Lighting, Backlighting, Signal & Signage, Others

By Country:

North America: U.S., Canada, Mexico

Europe: UK, Germany, France, Spain, Italy, Rest of Europe

Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific

LAMEA: Chile, Israel, South Africa, Rest of LAMEA

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Table of content:

CHAPTER 1: INTRODUCTION

CHAPTER 2: EXECUTIVE SUMMARY

CHAPTER 3: MARKET OVERVIEW

CHAPTER 4: LED MARKET, BY FILTER TYPE

CHAPTER 5: LED MARKET, BY APPLICATION

CHAPTER 6: LED MARKET, BY DISTRIBUTION CHANNEL

CHAPTER 7: LED MARKET, BY REGION

CHAPTER 8: COMPANY PROFILES

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