Global LED Market to Reach US$ 101 Billion by 2022

20/mar/2017 07:24:43 Expert Market Research Contatta l'autore

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LEDs represent electronic components that can convert electric energy into light. They have today gained prominence across all the regions on account of their potential advantages over other lighting sources such as incandescent bulbs and CFLs. LEDs stay much cooler than incandescent lights, reducing the risk of combustion or burns. As they are made with epoxy lenses, they are highly resistant to breakage. Besides this, they are energy-efficient, long-lasting and easy to install.

With technological advancements, manufacturing efficiency and decline in the prices, the global market for LEDs has witnessed a strong growth over a period of time. According to a new report by Expert Market Research, the global LED market reached a value of US$ 53 Billion in 2016 and is further expected to reach US$ 101 Billion by 2022. Owing to the growing environmental concerns and increasing expenses on electricity generation, governments’ regulations have become more stringent, encouraging the penetration of energy-efficient light sources like LED lights. Moreover, a rising demand for LEDs in high-tech products such as flat TVs, digital cameras, smart phones and automotives has also propelled the growth aspects of the LED market.

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Key findings from the report:

  • The two lighting products are LED lamps and modules, and LED fixtures.
  • The major end-uses of LED lights are in retrofit, retail and hospitality, outdoor, office, architectural, homes, industry and others. In 2016, retrofit was the biggest end-use sector with a share of more than a third of the global market. It was followed by retail and hospitality, outdoor, offices, architectural, homes, industry and others.
  • Region-wise, China dominated the market with a share of more than one-fifth of the global LED market. It was followed by Europe, North America, Asia-Pacific, Japan, Middle East & Africa and Latin America.
  • Being fragmented in nature, the global LED market is surrounded by a number of small and big players. In 2016, Nichia was the biggest player in the market with a share of nearly a fifth of the total LED sales. It was followed by Osram, Samsung Electronics, Everlight Electronics, LG Innotek, Epistar, Seoul Semiconductor, Cree, Lumileds, Mulinsen and others.

Read complete LED Market Research Report with TOC: http://www.expertmarketresearch.com/reports/led-market

 

Expert Market Research has analysed the global LED market according to lighting product, end-use, major regions and top players:

 

Market breakup by Lighting Product

LED Lamps and Modules

LED Fixtures

 

Market breakup by End-use

Retrofit

Retail and Hospitality

Outdoor

Office

Architectural

Homes

Industry

Others

 

Market breakup by Region

China

Europe

North America

Asia Pacific

Japan

Middle East and Africa

Latin America

 

Top players

Nichia

Osram

Samsung Electronics

Everlight Electronics

LG Innotek

Epistar

Seoul Semiconductor

Cree

Lumileds

Mulinsen

Browse latest technology & media market research reports: http://www.expertmarketresearch.com/categories/technology-market-reports

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With a keen focus on the qualitative aspect as well as accuracy of the reports, we align our resources and services as per the client’s requirement and offer a flexible engagement model that best suits their needs. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical & Materials, Energy & Mining, Packaging and Agriculture.

 

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