#led lighting market size

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LED Lighting Market Overview

The LED Lighting market sizeis forecast to reach USD 128 billion by 2030, after growing at aCAGR 7.5% during the forecast period 2024-2030. The shift towards energy efficient lighting across commercial, industrial & residential spaces along with the blooming adoption of smart homes are analyzed as the key factors driving the LED lighting market. Additionally, the higher longevity and durability of the products as compared to conventional lighting is also playing a key role in the shift of customer preference towards these products. Apart of this, technological advancements such as adoption of GaN substrate-based LED lights which features exceptional product life, higher energy efficiency and superior illumination compared to traditional substrate-based LED lights, is also analyzed to play a key role in driving the market growth during 2024-2030.

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Report Coverage

The report “LED Lighting Market– Forecast (2024-2030)”, by IndustryARC, covers an in-depth analysis of the following segments of LED lighting.

By Product Type: Lamps, Luminaries

By LED Type: Surface mounted device (SMD) LED, Chip on Board (COB LED), Others

By Application:Indoor, Outdoor

By Wattage: Upto 5W, 6 to 8W, 9 to 15W, 16 to 20W, 21 to 24W, 25 to 28W, >28W

By Luminous Efficacy: <125 lm/W, 125 to 175 lm/W, 175 to 205 lm/W, >205 lm/W

By CRI: <80, 80 to 90, >90

By End User: Automotive, Residential, Hospitals, Hospitality, Transport, Industrial, Commercial offices, Retail, Public Infrastructures, Others

By Geography:  North America, South America, Europe, APAC, and RoW.

[researchrealmblog]

LED Lighting Market Will Reach USD 152,842.0 Million by 2030

The global LED lighting market was valued at USD 68,954.7 million in 2022, and this number is expected to reach USD 152,842.0 million by 2030, advancing at a CAGR of 10.5% during 2022–2030, as per P&S Intelligence.

The increasing need for energy-effective solutions along with the development in infrastructure, the snowballing government initiatives regarding the acceptance of LED lights, and the mounting sales of horticulture lighting are major reasons driving the sales of such lights.

The declining cost of lights is an additional key reason for the market growth. The reduced cost has led to their advanced usage for numerous applications, such as industrial, residential, and commercial lighting. Because of the enhancements in technologies, the cost of production is significantly reduced while the effectiveness and lifespan of LED lights have enhanced remarkably in the past few years. Because of this, there has been a notable drop in the cost of lights. 

In 2022, the luminaire category held the highest revenue in the market of above USD 40 billion. This is credited to the extensive demand for luminaires, mainly from newly built commercial and residential buildings. Additionally, with increasing government initiatives regarding their adoption, the manufacturing of such luminaires is estimated to surge in the future. These lights are installed on tunnels, high bays, troffers, tracks, streets, and others.

The retrofit installation category is projected to experience higher growth, advancing at a rate of 10%, in the coming years. This can be ascribed to the increasing replacement of sodium-vapor lamps and incandescent bulbs with LEDs in several countries, including India, South Korea, China, South Korea, and the U.S. Furthermore, with the phasing out of incandescent bulbs in such countries, the demand for lamps for retrofit deployment is growing, which enhanced the sales in this category.

APAC is leading the LED lighting market, accounting for the largest revenue share, of approximately 50%, in 2022. This is credited to the snowballing demand for LEDs from the housing sector, principally in countries like India, South Korea, and China, due to increasing per capita income, the presence of a large number of businesses functioning in such countries, and the development in the construction of residential establishments.

Furthermore, because of the growing population, promising infrastructure growth activities in emerging economies, and increasing government initiatives with a concentration on energy effectiveness, the demand for industrial and commercial applications is rising, hence driving the manufacturing of LEDs in the region.

Hence, the increasing need for energy-effective solutions along with the development in infrastructure, the snowballing government initiatives regarding the acceptance of LED lights, and the mounting sales of horticulture lighting are major factors that will drive the LED lighting market in the future. 

Source: P&S Intelligence

[bishtmeenakshi]

Brightening Spaces: Exploring the Applications of LED Lighting in France

Discover how LED lighting is transforming spaces in France. Explore the France lighting market, the outdoor area lighting market size, and the impact of LED technology on the indoor lighting market. Brighten your understanding of lighting trends in France.

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Automotive LED Lighting Market Growth Forecast at XX% CAGR | Global Growth Insights Insights

""Automotive LED Lighting Market""provides in-depth analysis on the market status of Automotive LED Lighting Market, including best facts and figures, overview, definition, SWOT analysis, expert opinions, and the most recent developments worldwide. The report also computes market size, Price, Revenue, Cost Structure, Gross Margin, Automotive LED Lighting Market Sales, and Market Share, Forecast and Growth Rate. The report helps to determine the revenue generated by the sale of this report and technologies across various application segments.

It is projected that between 2024 and 2032, The Global Automotive LED Lighting Market would grow at a significant rate. In 2023, the market is likely to grow rapidly and over the estimated horizon due to the growing adoption of strategies by major players. This research provides a detailed analysis of the market size, characteristics, and growth of the Automotive LED Lighting Market industry from 2024 to 2032. It is segmented based on the product type, downstream application, and consumption area of Automotive LED Lighting Market. Along with introducing industry participants from a value chain viewpoint, the research also examines the top businesses.

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Automotive LED Lighting Market in these regions till the forecast period

North America

Middle East and Africa

Asia-Pacific

South America

Europe

For more Click Here : https://www.globalgrowthinsights.com

Key Attentions of Automotive LED Lighting Market Report:

The report offers a comprehensive and broad perspective on the global Automotive LED Lighting Market.

The market statistics represented in different Automotive LED Lighting Market segments offers complete industry picture.

Market growth drivers, challenges affecting the development of Automotive LED Lighting Market are analyzed in detail.

The report will help in the analysis of major competitive market scenario, market dynamics of Automotive LED Lighting Market.

Major stakeholders, key companies Automotive LED Lighting Market, investment feasibility and new market entrants study is offered.

Development scope of Automotive LED Lighting Market in each market segment is covered in this report. The macro and micro-economic factors affecting the Automotive LED Lighting Market

Advancement is elaborated in this report. The upstream and downstream components of Automotive LED Lighting Market and a comprehensive value chain are explained.

Browse More Details On This Report at:-  https://www.globalgrowthinsights.com/market-reports/automotive-led-lighting-market-101362

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Global LED Light Bulbs for Residential Market 2024 Key Players, Analysis, Share, Trends And Forecast To 2034

The LED Light Bulbs for Residential market report offered by Reports Intellect is meant to serve as a helpful means to evaluate the market together with an exhaustive scrutiny and crystal-clear statistics linked to this market. The report consists of the drivers and restraints of the LED Light Bulbs for Residential Market accompanied by their impact on the demand over the forecast period. Additionally, the report includes the study of prospects available in the market on a global level.

With tables and figures helping evaluate the Global LED Light Bulbs for Residential market, this research offers key statistics on the state of the industry and is a beneficial source of guidance and direction for companies and entities interested in the market. This report comes along with an additional Excel data-sheet suite taking quantitative data from all numeric forecasts offered in the study.

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Key players offered in the market: Osram Yankon Lighting Philips Acuity Brands Eaton GE Lighting Toshiba Cree Sharp

Additionally, it takes account of the prominent players of the LED Light Bulbs for Residential market with insights including market share, product specifications, key strategies, contact details, and company profiles. Similarly, the report involves the market computed CAGR of the market created on previous records regarding the market and existing market trends accompanied by future developments. It also divulges the future impact of enforcing regulations and policies on the expansion of the LED Light Bulbs for Residential Market.

Scope and Segmentation of the LED Light Bulbs for Residential Market

The estimates for all segments including type and application/end-user have been provided on a regional basis for the forecast period from 2024 to 2034. We have applied a mix of bottom-up and top-down methods for market estimation, analyzing the crucial regional markets, dynamics, and trends for numerous applications. Moreover, the fastest & slowest growing market segments are pointed out in the study to give out significant insights into each core element of the market.

LED Light Bulbs for Residential Market Type Coverage: - Below 5W 5W-10W 10W-15W Above 15W

LED Light Bulbs for Residential Market Application Coverage: - Bedroom Sitting Room Restaurant Bathroom Other

Regional Analysis:

North America Country (United States, Canada) South America Asia Country (China, Japan, India, Korea) Europe Country (Germany, UK, France, Italy) Other Countries (Middle East, Africa, GCC)

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The comprehensive report provides:

Complete assessment of all opportunities and threats in the global market.

LED Light Bulbs for Residential Market recent advancements and major events.

A thorough study of business policies for the growth of the LED Light Bulbs for Residential Market leading players.

Concluding study about the growth plot of LED Light Bulbs for Residential Market for upcoming years.

Detailed understanding of LED Light Bulbs for Residential Market particular drivers, restraints, and major micro markets.

Favorable impression inside vital technological and market latest trends hitting the LED Light Bulbs for Residential Market.

Reasons to Purchase LED Light Bulbs for Residential Market Research Report

Develop a competitive approach based on the competitive landscape

Build business strategy by identifying the high growth and attractive LED Light Bulbs for Residential market classifications

Identify potential business partners, gaining targets and business buyers

Design financial investment policies based on estimated high potential segments

Prepare management and tactical presentations using the LED Light Bulbs for Residential market data

Plan for new product promotion and portfolio in advance

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[businessindustry]

Light-Emitting Diode (LED) Mounter Market Growth and Industry by 2024-2032

The Reports and Insights, a leading market research company, has recently releases report titled “Light-Emitting Diode (LED) Mounter Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.” The study provides a detailed analysis of the industry, including the global Light-Emitting Diode (LED) Mounter Market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the Light-Emitting Diode (LED) Mounter?

As per Reports and Insights analysis, the light-emitting diode (LED) mounter market is expected to grow at a CAGR of 9.7% during the forecast period of 2024 to 2032.

What are Light-Emitting Diode (LED) Mounter Market?

A light-emitting diode (LED) mounter, also known as an LED pick-and-place machine, is an automated device used in electronics manufacturing to precisely place LED components onto printed circuit boards (PCBs). Equipped with advanced vision systems and precision robotic arms, the machine picks LEDs from feeders and positions them accurately on the PCB as per design specifications. This process ensures high-speed and precise placement of small, delicate LEDs, essential for producing LED displays, lighting solutions, and various electronic devices. Automation by the LED mounter significantly reduces manual labor, enhances production efficiency, and minimizes assembly errors.

Request for a sample copy with detail analysis: https://www.reportsandinsights.com/sample-request/1909

What are the growth prospects and trends in the Light-Emitting Diode (LED) Mounter Market industry?

The light-emitting diode (LED) mounter market growth is driven by various factors and trends. The light-emitting diode (LED) mounter market is rapidly growing, fueled by the increasing demand for LED displays, lighting solutions, and advanced electronic devices. The expanding automotive, consumer electronics, and telecommunications industries drive the need for efficient, high-speed, and precise LED assembly. Innovations in LED technology and advancements in automation and robotics further accelerate market growth. The trend towards miniaturizing electronic devices also requires highly accurate placement machines. The Asia-Pacific region, especially China and Japan, leads the market due to its strong electronics manufacturing presence, while North America and Europe show robust demand driven by technological advancements and high adoption rates. Hence, all these factors contribute to light-emitting diode (LED) mounter market growth.

What is included in market segmentation?

The report has segmented the market into the following categories:

By Product Type:

High-speed LED mounters

Medium-speed LED mounters

Low-speed LED mounters

By Application:

Consumer electronics

Automotive

Aerospace and defense

Industrial

Healthcare

Others

By End-use Industry:

Electronics manufacturing services (EMS)

Original equipment manufacturers (OEMs)

By Organization Size:

Small and Medium Enterprises (SMEs)

Large Enterprises

Market Segmentation By Region:

North America:

United States

Canada

Europe:

Germany

The U.K.

France

Spain

Italy

Russia

Poland

BENELUX

NORDIC

Rest of Europe

Asia Pacific:

China

India

Japan

South Korea

Australia

New Zealand

ASEAN

Rest of Asia Pacific

Latin America:

Brazil

Mexico

Argentina

Rest of Latin America

Middle East & Africa:

Saudi Arabia

United Arab Emirates

South Africa

Egypt

Israel

Rest of MEA.

Who are the key players operating in the industry?

The report covers the major market players including:

ASM Pacific Technology Ltd.

Fuji Machine Mfg. Co. Ltd.

Juki Corporation

Panasonic Corporation

Mycronic AB

Yamaha Motor Co., Ltd.

Hanwha Precision Machinery Co., Ltd.

Nordson Corporation

Kulicke & Soffa Industries, Inc.

HAN'S Laser Technology Industry Group Co., Ltd.

Hitachi High-Tech Corporation

Nordson Corporation

Essemtec AG

OMRON Corporation

ITW EAE

Discover more: https://www.reportsandinsights.com/report/light-emitting-diode-led-mounter-market

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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United States LED lighting market size is projected to exhibit a growth rate (CAGR) of 9.95% during 2024-2032. The increasing awareness of energy conservation and sustainability, declining prices of LED products, growing emphasis on reducing carbon footprint, imposition of supportive government initiatives, and the introduction of smart and connected lighting solutions represent some of the key factors driving the market.

[bishtmeenakshi]

How Will Energy-Efficient LED Lighting Impact China's Future?

The future of China's lighting industry size will be significantly influenced by the growth of the LED lighting market and the expanding outdoor lighting market size. The shift towards energy-efficient LED lighting is a key factor propelling this transformation. The eco-friendly and cost-effective nature of LED lighting is driving its adoption, shaping the future landscape of China's lighting industry and contributing to substantial market growth.

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Australia $1.14 Billion LED Lighting Market Size, Opportunities And Key Segments

The Australia LED lighting market, valued at USD 1.14 billion in 2024, is a significant component of the global lighting industry. With a projected compound annual growth rate (CAGR) of 8.6% from 2024 to 2032, the sector is expected to reach USD 2.43 billion by the end of the forecast period(2024-2032).

Australia Lighting Market key players

Here are some of the key players in the Australia Led Lighting Market

Signify N.V. (Philips):A Dutch multinational known for its Philips brand of lighting products. They are a leader in general lighting, automotive lighting, and UV disinfection lighting.

Osram Pty Limited:A German multinational that designs and manufactures lighting products, including LED lamps, luminaires, and optoelectronic semiconductors.

Crompton Lighting:An Australia company that designs, manufactures, and distributes lighting solutions for residential, commercial, and industrial applications.

Sylvania Schreder:A French multinational company that specializes in outdoor lighting solutions, including streetlights, floodlights, and area lighting.

Thorn Lighting: An Australia manufacturer of commercial and industrial lighting solutions.

Havit Lighting: An Australia manufacturer of LED lighting solutions for commercial and industrial applications.

Mirabelle International: An Australia company that designs, manufactures, and distributes lighting solutions for a variety of applications, including commercial, residential, and industrial.

Aqualuma LED Lighting: An Australia company that specializes in LED lighting solutions for aquatic applications.

Haneco Lighting Australia Pty Ltd.: An Australia company that distributes lighting products from a variety of manufacturers.

BOSCO Lighting: A Chinese company that manufactures a wide range of lighting products, including LED lighting, solar lighting, and outdoor lighting market

Opportunities in Lighting market

LED Technology Adoption

Energy Efficiency: LED lights consume significantly less power compared to traditional lighting solutions, offering substantial energy savings.

Longevity: LEDs have a longer lifespan, reducing replacement frequency and maintenance costs.

Smart Lighting Systems

Automation and Control: Integration with home and building management systems allows for automated control, enhancing convenience and energy efficiency.

Customization: Smart lighting solutions enable users to adjust lighting based on time of day, presence, or activity, enhancing user experience and further saving energy.

Growth in Green Building Initiatives

Regulatory Support: Increased environmental regulations are pushing more buildings to adopt eco-friendly lighting solutions.

Certification Programs: Programs like LEED and BREEAM encourage the adoption of sustainable lighting technologies to gain points towards building certification.

Advancements in Lighting for Health and Wellbeing

Human-Centric Lighting: Developments in lighting that adjust to human circadian rhythms can enhance wellbeing, productivity, and health.

UV Disinfection: The COVID-19 pandemic has spurred interest in UV-C lighting solutions for disinfecting surfaces and air in public spaces, hospitals, and homes.

Expansion of Industrial and Commercial Applications

Industrial Spaces: High-bay LEDs for warehouses and manufacturing facilities can reduce costs and improve safety by providing better quality light.

Retail and Hospitality: Advanced lighting systems can enhance customer experiences and drive sales, with dynamic lighting that adapts to the time of day or the mood of an event.

You can also read about:- Australia LED Lighting Market Analysis And Segmentation, Industry Key Players

Key Segments In Australia LED Lighting Market

By Type of LEDs

Luminaires

Lamps

By Usage of LEDs

Indoor

Outdoor

Street Lighting

Building Exteriors/ Façade Lighting

Parking Lots and Garages

Others

By End User Sector

Commercial

Residential

Industrial

Healthcare

Hospitality

By Type of Sales

Project

Retail

Companies Covered

LEDEXPO Australia

Ledtec

MyEnergy Group

Dongguan City Tianhua Photoelectric Technology Co Ltd

Jiangsu ChuangXu Optoelectronics Technology Co., Ltd.

Shenzhen Guangshezhaoming Technology Co., Ltd

Ningbo ALVA Electric Appliance Co., Ltd.

Zhejiang Danse Electronic Technology Co., Ltd.

You can also read about:- Exploring India's Lighting Market Size, Trends and Future Outlook

Conclusion

The Australia LED lighting market is set for dynamic growth, driven by technological innovation, regulatory support, and increasing market demand across various sectors. As we move towards 2032, the industry looks to embrace more sustainable and efficient practices, heralding a bright future for LED lighting in Australia.