Report Ocean recently added a research report on “Industrial LED Market”. The report includes an extensive analysis of the market’s characteristics, COVID-19 impact, size and growth, segmentation, regional and country breakdowns, competitive environment, market shares, trends, and strategies. In addition, it traces the development of the market over time and projects regional market growth. It compares the market to other markets and situates it in relation to the larger market. ➤ Download Free Sample ➤
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Industrial LED Market size was valued at $5.57 billion in 2018, and is projected to reach $20.16billion by 2026, registering a CAGR of 16.8% from 2019 to 2026. An LED is a semiconductor device, the output of which ranges from blue violet (about 400 nanometer (nm)) to red (about 700 nm). Some LEDs are called infrared-emitting diodes (IREDs), emitting infrared (IR) energy, which is greater than or equal to 830 nm. An LED consists of two elements of processed material called N-type semiconductors and P-type semiconductors, which are placed in direct contact to form a region called P-N junction. Lighting consumes approximately 15% of total global power consumption. Moreover, lights produce around 5% of global carbon emission.
Thus, the United Nations Environment Programme (UNEP) has released certain guidelines on energy-saving lighting solutions to reduce carbon emissions. With rapid urbanization and rapid economic growth, the lighting industry is expected to grow exponentially over the next two decades, resulting in high demand for LED based lighting. Thus, need for more LED-based lighting for effective energy saving and cost saving is expected to drive the growth of the market in the coming years.
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Industrial LED market trends such as high demand for cost-effective and energy-saving LED lighting, due to high consumption of power and lighting and production around 5% of global carbon emission. Also, with rapid urbanization and rapid economic growth, the lighting industry is expected to grow exponentially over the next two decades, resulting in high demand for LED based lighting. In addition, taking government campaign toward the adoption of LEDs, due to high deploying LED technology-based lights to curb cost and pollution and positive attitude of various countries toward the adoption of LED technology propels the growth of the global market. For instance, in India, several test labs have been established to overcome the barrier of lack of testing protocols, facilities, and accredited laboratories at the national level. Conversely, surge in need for smart lighting is expected to offer lucrative opportunities for the market globally.
The global industrial LED market size is segmented based on product, application, industry vertical, and region. By product, the market is categorized into LED lamps and LED fixtures. The applications covered in this report include indoor lighting and outdoor lighting. The industry verticals discussed in this study are oil and gas, mining, pharmaceutical, manufacturing, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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KEY BENEFITS FOR STAKEHOLDERS
– This study includes the analytical depiction of the global industrial LED market forecast along with the current trends and future estimations to determine the imminent investment pockets.
– The report presents information regarding the key drivers, restraints, and opportunities in the lithography metrology equipment market.
– The industrial LED market growth is quantitatively analyzed from 2019 to 2026 to highlight the financial competency of the industry.
– Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.
GLOBAL INDUSTRIAL LED MARKET SEGMENTATION
BY PRODUCT:
– LED Lamps
– Led Fixtures
BY APPLICATION:
– Indoor Lighting
– Outdoor Lighting
BY END USER
– Oil & Gas
– Mining
– Pharmaceutical
– Manufacturing
– Others
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BY REGION
– North America
o U.S.
o Canada
o Mexico
– Europe
o UK
o Germany
o France
o Russia
o Rest of Europe
– Asia-Pacific
o China
o Japan
o India
o Australia
o Rest of Asia-Pacific
– LAMEA
o Latin America
o Middle East
o Africa
Table of Content
- Introduction
- Study Assumptions
- Scope of the Study
- Research Methodology
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Industry Attractiveness – Porter’s Five Forces Analysis
- Market Segmentation
- Competitive Landscape
- Vendor Market Share
- Company Profiles
- Market Opportunities and Future Trends
- Industrial Chain, Downstream Buyers, and Sourcing Strategy
- Marketing Strategy Analysis
………Continued…!
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The report answers a number of crucial questions, including:
- What are the key factors driving the market growth?
- What are the challenges and limitations faced by the market?
- What are the emerging opportunities in the market?
- What are the potential threats and risks that could impact the market?
- What is the current market size and growth rate?
- What are the market segments and their respective sizes?
- Which region or regions are projected to experience the highest growth and market share?
- What is the market-affecting variables specific to different geographical areas?
- Who are the major players in the market and what are their market rankings?
- What recent partnerships, product/service launches, business expansions, and acquisitions have occurred among the companies profiled?
- What are the comprehensive profiles of the top market players, including their business overview, insights, product benchmarking, and SWOT analysis?
- What is the present market outlook, considering recent changes and growth possibilities?
- What are the drivers, obstacles, and restrictions in both developing and emerging regions?
- How does the market analysis utilize Porter’s five forces analysis?
- How does the Value Chain provide insights into the market dynamics?
Market Insights and Tools:
- The projected and forecasted revenue values are provided in constant U.S. dollars without adjustment for inflation.
- The estimation of product values and regional market sizes is conducted by market analysts, data analysts, and industry experts based on companies’ revenue and market applications.
- The data sources used for this research include reports from companies, international organizations, governments, market surveys, and relevant industry news.
- The analysis encompasses global market trends, incorporating historical data, estimations for 2024, and projections of compound annual growth rates (CAGRs) up to 2032.
- The market research encompasses historical and forecast data concerning demand, application details, price trends, and company shares by geography. Special emphasis is placed on key regions such as the United States, European Union, China, and others.
- Furthermore, the report offers insights into the primary drivers, challenges, opportunities, and risks in the market, along with supplier strategies. The profiles of key players are also presented, including discussions on their market shares in the global market.
Key Benefits of This Market Research:
- Industry drivers, restraints, and possibilities included in the study
- Neutral point of view on the market performance
- Recent enterprise developments and developments
- Competitive panorama and techniques of key players
- Potential and area of interest segments and areas exhibiting promising increase covered
- Historical, current, and projected market size, in phrases of value
- In-depth evaluation of the Market
- Overview of the regional outlook of the Market
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