Global LED Market 2018-2022| Luminaires Segment Dominates the Global Market| Technavio
LONDON--(BUSINESS WIRE)--Jul 30, 2018--According to the latest market research report released by Technavio, the global LED market is expected to accelerate at a CAGR of almost 16% during the forecast period. The declining manufacturing cost of LEDs is one of the key factors triggering the growth of the market.
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Technavio has published a new market research report on the global LED market from 2018-2022. (Graphic: Business Wire)
This research report titled ’ ’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. It also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
The market research analysis categorizes the global LED market into the following products:Luminaires Lamp
In 2017, the luminaries segment accounted for more than 75% share of the global market and is projected to decline to 73% by 2022, exhibiting almost 2% decrease in market share. This decline is due to the increasing use of lamps in the industrial setup.
Global LED market: Top emerging trend
The growing number of households and urbanization is an emerging trend in the LED market. The rise in urbanization is driving the installation of new lamps and LED luminaires, which, in turn, will lead to an increase in unit shipments and thereby boosting the demand for LED products. The LED market in China is expected to witness a high growth due to the swelling demand for luxury homes and high-end residential societies, which is expected to accelerate the demand for LED lamps and luminaries. Besides China, Southeast Asian countries such as Singapore, Malaysia, and Thailand are also observing a high demand for LED lighting, as the economies of these nations grow. All these factors are expected to boost the growth of the LED market during the forecast period.
Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
Technavio’s report provides expert market research on the following topics:
Executive ReportMarket Outline Global LED Market Overview
Market InsightsMarket Sizing and Forecasts Market Growth Market Drivers and Challenges Key Emerging Trends
Market Segmentation AnalysisRegional comparison (APAC, Americas, and EMEA) Key leading countries (India and China) Market segmentation by product (luminaires and lamp) Market segmentation by application (general lighting, backlighting, and automotive lighting)
Vendor LandscapeVendor classification Market positioning of vendors Competitive scenario Analysis of top vendors (OSRAM, Cree, GENERAL ELECTRIC, LG INNOTEK, and Lumileds Holding)
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PUB: 07/30/2018 10:22 AM/DISC: 07/30/2018 10:22 AM