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The global LED lighting market has been witnessing a healthy growth on account of various initiatives undertaken by government. This can also be attributed to the advantages of LED lighting which include consuming less energy, producing less heat and surviving for a longer duration.
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3. Report DescriptionReport Description and Highlights
Global LED Lighting Market Overview:
Over the recent years, the global LED lighting market has been witnessing a healthy growth on account
of various initiatives undertaken by government. This can also be attributed to the advantages of LED
lighting which include consuming less energy, producing less heat and surviving for a longer duration. A
light-emitting diode (LED) is a semiconductor, electroluminescence device that emits light when an
electric current is passed through it. Cost-effectiveness, reliability, minimal power consumption, and a
longer life-span are some of the key benefits offered by LED lights when compared with the
conventional lighting systems, such as incandescent and compact fluorescent light (CFL) bulbs. Owing
to these benefits, these lights find extensive applications in both the outdoor and indoor settings
across various industry verticals, ranging from electronics to healthcare.
Global LED Lighting Market Trends
The global market is driven by the rising environmental consciousness across the globe, which has led
to an accelerated shift toward the adoption of energy-efficient lighting solutions. Other factors,
including technological advancements and the emerging trend of smart cities, are projected to drive
the market further.
4. Report DescriptionReport Description and Highlights
120.2
125.5 130.8 136.1 141.4 146.7 152.0 157.3
0
20
40
60
80
100
120
140
160
2011 2012 2013 2014 2015 2016 2017 2018
inBillionUS$
160.0 165.3 170.6 175.9 181.2 186.5
0
20
40
60
80
100
120
140
160
180
2019 2020 2021 2022 2023 2024
InBillionUS$
Furthermore, the implementation of favorable government policies promoting the utilization of LED
lighting systems, along with significant investments by both the government and non-governmental
sectors, is creating a positive impact on the market.
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plant/requestsample
5. Report DescriptionReport Description and Highlights
LED Lighting Market Segmentation
Market Segmentation by Application
• Retrofit
• Retail and Hospitality
• Outdoor
• Offices
• Architectural
• Homes
• Industry
On the basis of application, the market has been segmented as retrofit, retail and hospitality, outdoor,
offices, architectural, homes and industry. Currently, retrofit represents the largest segment as it has
gained immense popularity across the globe. Conventional lighting systems ranging from indoor to
outdoor lighting are being replaced by the retrofitting of existing lighting fixtures with LEDs.
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6. Report DescriptionReport Description and Highlights
Market Segmentation by Region
• India
• China
• Europe
• United States
• Japan
• Brazil
• Russia
Region-wise, the market has been segmented into India, China, Europe, United States, Japan, Brazil
and Russia. Amongst these, China is the leading producer as well as consumer of LED lighting products
across the globe.
Competitive Landscape:
The competitive landscape of the market has also been examined with some of the key players.
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Partial List of Clients
9. A partial List of our Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
Partial List of Clients