LED Light Engine Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

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LED Light Engine Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

Status : October, 2019 | Semiconductor & Electronics | PPT format

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Global LED Light Engine Market: Overview

The demand within the global LED light engine market has been expanding on account of advancements in the field of energy-efficient lighting systems. The presence of a growth-oriented energy sector has played a vital role in popularising LEDs, and this is a key dynamic of growth within the global LED light engine market. Several improvements in the domain of electronics and semiconductors have come to the fore in recent times. These advancements have directly influenced the growth of the global LED light engine market. New technologies for mounting LED chips on light engines have emerged over the past decade. This factor has led to increase in the volume of annual manufacturing of light engines. The total amount of revenues that would be generated within the LED light engine market could surpass all previous marks. Light engines are considered to be LED lamps that come in handy for a range of applications.

The LED light engine market is projected to attract voluminous investments from key stakeholders and venture capitalists. This is because LED-based systems are in great popularity across the world, and this shall be a strong driver of demand for the masses. Henceforth, it is safe to predict that the global LED light engine market is plush with opportunities for growth. Furthermore, regional governments have also directed funds towards the generation of an energy-efficient lighting sector. This factor shall also play a quintessentially vital role in the growth of the global LED light engine market.

The global LED light engine market can be segmented on the basis of the following parameters: product type, installation type, end-use application, and region. The forces operating in the LED light engine can be duly understood by delving into the aforementioned segments.

Global LED Light Engine Market: Notable Developments

The global LED light engine market has traced the following key developments in recent times:

Osconiq S3030 LED launched by OSRAM was manufactured with the intent to provide high-quality and durable lighting systems. The introduction of this LED light engine helped the OSRAM in achieving their annual sales goals for the launch year

GreenPower LEDs were introduced by Philips Lighting, commonly known as Signify, in the year 2018. The new addition to the company’s product portfolio helped them in expanding their consumer base to new regions.

Some of the most prominent competitors operating in the competitive landscape of global LED light engine market include –

  • TRILUX Lighting (Germany)
  • SDA Lighting (US)
  • LUMITECH (Austria)
  • AB Fagerhult (Sweden)
  • Helvar (Finland)
  • Gerard Lighting (Australia)
  • LEDRAbrands (US)

Global LED Light Engine Market: Growth Drivers

  • Need for Energy-Efficient Lighting Systems

The global energy flux has led to several transformations across a multitude of industries. This factor has also shifted the radar of focus on the lighting sector, and several researchers have come up with energy-efficient lighting models. LED lighting systems have been proved as the most efficient of systems, and this factor has played a key role in market growth.

  • Obsoleteness of Fluorescent Tubes

The use of fluorescent bulbs and tubes has run out of practice due to their high-electricity consumption. This factor has played a vital role in the growth of the global LED light engine market.

Global LED Light Engine Market: Regional Outlook

On the basis of geography, the global LED light engine market has been segmented into Latin America, North America, the Middle East and Africa, Europe, and Asia Pacific. The LED light engine market in North America is expanding on account of complete overhauling within the energy sector.

The global LED light engine market is segmented on the basis of:

 By Product Type

  • Lamps
  • Luminaries

Installation Type

  • New Installation
  • Retrofit Installation

End-Use Application

  • Indoor Lighting
  • Outdoor Lighting

Geography

  • North America
  • Latin America
  • The Middle East and Africa
  • Europe
  • Asia Pacific

The study presents reliable qualitative and quantitative insights into:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand chain of the market
  • Market valuation (revenue and/or volume)
  • Key trends/opportunities/challenges
  • Forces defining present and estimated future state of the competitive landscape
  • Technological developments
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa

The vast market research data included in the study is the result of extensive primary and secondary research activities. Surveys, personal interviews, and inputs from industry experts form the crux of primary research activities and data collected from trade journals, industry databases, and reputable paid sources form the basis of secondary research. The report also includes a detailed qualitative and quantitative analysis of the market, with the help of information collected from market participants operating across key sectors of the market value chain. A separate analysis of macro- and micro-economic aspects, regulations, and trends influencing the overall development of the market is also included in the report.

Highlights of the report:

  • A detailed analysis of key segments of the market
  • Recent developments in the market’s competitive landscape
  • Detailed analysis of market segments up to second or third level of segmentation
  • Historical, current, and projected future valuation of the market in terms of revenue and/or volume
  • Key business strategies adopted by influential market vendors
  • Outline of the regulatory framework surrounding and governing numerous aspects of the market
  • Growth opportunities in emerging and established markets
  • Recommendations to market players to stay ahead of the competition

Note: Immense care has been taken to present data with the highest levels of accuracy in all TMRResearch reports. Nevertheless, recent developments related to market/vendor landscape may take time to reflect in the analysis.

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