LED Lamp Market Key Players are: Philips, Osram, Samsung, Cree, Inc., Eaton Corporation, and General Electric
General purpose LED lamp market is expected to dominate the industry over the forecast time span owing to their multi-purpose applications. The advent of these lamps as a replacement of traditional counterparts is a major factor responsible for their grow
(EMAILWIRE.COM, August 08, 2018 ) Market Overview:-
LED Lamp Market is expected to cross USD 13 billion by 2024. Rising demand for enhanced lighting systems and wide adoption across varied applications including residential, commercial, and industrial will have a positive impact on the LED Lamp Market growth over the forecast timeframe. Features of these lamps, such as cost-effectiveness and longer illumination duration, are responsible for their heavy adoption across the globe. Stringent government norms and regulations in various regions regarding the ban of inefficient lamps will further fuel the LED lamp market growth.
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Extensive use of conventional fluorescent lamps and low awareness about benefits of LED lamps will hamper the industry growth over the forecast timeline. Excessive costs of these lamps as compared to traditional fluorescent and halogen lamps may have a negative impact on the LED lamp market growth.
Reduction in prices of these lamps has gained traction among large organizations resulting in the deployment of these lamps on a larger scale.
Top Key Players:-
Osram, Samsung, Philips, Cree, Inc., Eaton Corporation, and General Electric Company are among the prominent players in the LED lamp market. Joint ventures and acquisitions are the key strategies adopted by the industry participants to set their foothold. For instance, in April 2017, Cree, Inc., announced a joint venture with San’an Optoelectronics to manufacture high-performance LED packaged products to strengthen its global presence. In November 2012, General Electric Company acquired Albeo Technologies to expand its customer base and strengthen its presence in the industry.
Market share calculation in this report is not done based on companies covered in it. The calculation of LED lamp market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
Regional Segmentations: -
Europe is anticipated to dominate the LED lamp market share owing to the increasing demand for smart lighting and smart homes options. Various regulations in the region for implementation of these lamps in industrial, public, and residential sectors have further escalated the regional growth. North America is expected to showcase a considerable growth rate owing to the increasing adoption in outdoor applications. Asia Pacific will exhibit a significant growth rate owing to various government initiatives across the region for the implementation of LED lamps.
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/1565
Partial Chapter of the Table of Content
Chapter 1 Methodology & Scope
1.1 Methodology
1.1.1 Initial data exploration
1.1.2 Statistical model and forecast
1.1.3 Industry insights and validation
1.1.4 Definition and forecast parameters
1.2 Data Sources
1.2.1 Secondary
1.2.2 Primary
Chapter 2 Executive Summary
2.1 LED lamp industry 3600 synopsis, 2013 - 2024
2.1.1 Business trends
2.1.2 Product trends
2.1.3 Application trends
2.1.4 Regional trends
Chapter 3 LED Lamp Industry Insights
3.1 Industry segmentation
3.2 Industry growth landscape, 2013 - 2024
3.3 Industry ecosystem analysis
3.3.1 Distribution channel analysis
3.3.2 Vendor matrix
3.4 Technology landscape
3.4.1 Chip on board (COB) LED-array
3.4.2 OLED lighting
3.4.3 LED use in Li-Fi communication
3.5 Raw material analysis
3.6 Regulatory Landscape
3.6.1 U.S.
3.6.1.1 Institute of Electrical and Electronic Engineers (IEEE)
3.6.1.2 Illuminating Engineering Society of North America (IESNA)
3.6.1.3 American National Standards Institute (ANSI)
3.6.2 EU
3.6.2.1 Regulation 1194/2012
3.6.2.2 Energy Labels
3.6.2.3 Energy-related Products (ErP) Directive
3.6.3 China
3.6.3.1 GB30255-2013 regulations
3.6.3.2 GB/T2408-2014 regulations
3.7 Pricing analysis
3.7.1 Regional pricing trends
3.7.2 Cost structure analysis
3.8 Industry impact forces
3.8.1 Growth drivers
3.8.1.1 Reduction in LED prices
3.8.1.2 Increasing demand for energy efficient lighting
3.8.1.3 Favorable government initiatives
3.8.1.4 Infrastructure development projects
3.8.1.5 Growing usage in public spaces and street lightings
3.8.2 Pitfalls and challenges
3.8.2.1 Reduced replacement frequency
3.8.2.2 Effects of blue light
3.9 Innovation & sustainability
3.10 Growth potential analysis
3.11 Porter’s analysis
3.12 Competitive landscape, 2016
3.13 PESTEL analysis
Browse Full Report @ https://www.gminsights.com/industry-analysis/led-lamp-market
Government support plays a vital role in the industry. Various governments across the globe are launching various initiatives for the deployment of these lamps. For instance, in November 2015, Indian government launched an initiative, “The National Programme for LED-based Home and Street lighting” to increase their use across households and streets throughout the country. Under this scheme, the government desired to switch all street lights from the conventional to LED lamps across 100 cities that increased the production of these lamps in India by 30 times. Moreover, the Russian government is making huge investments for promoting the use of these lamps due to their energy efficiency.
General purpose LED lamp market is expected to dominate the industry over the forecast time span owing to their multi-purpose applications. The advent of these lamps as a replacement of traditional counterparts is a major factor responsible for their growth. Shifting consumer preference toward energy-efficient lighting will augment the general-purpose lamp demand in the coming years. Longer product life along with adjustable illumination settings will further escalate the demand. Decorative lamps will showcase a significant growth rate owing to their wide usage in residential applications, especially in pools, fountains, gardens, and statues. Moreover, their usage in functional applications, such as landscaping and building facades, will fuel their demand.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
LED Lamp Market is expected to cross USD 13 billion by 2024. Rising demand for enhanced lighting systems and wide adoption across varied applications including residential, commercial, and industrial will have a positive impact on the LED Lamp Market growth over the forecast timeframe. Features of these lamps, such as cost-effectiveness and longer illumination duration, are responsible for their heavy adoption across the globe. Stringent government norms and regulations in various regions regarding the ban of inefficient lamps will further fuel the LED lamp market growth.
Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/1565
Extensive use of conventional fluorescent lamps and low awareness about benefits of LED lamps will hamper the industry growth over the forecast timeline. Excessive costs of these lamps as compared to traditional fluorescent and halogen lamps may have a negative impact on the LED lamp market growth.
Reduction in prices of these lamps has gained traction among large organizations resulting in the deployment of these lamps on a larger scale.
Top Key Players:-
Osram, Samsung, Philips, Cree, Inc., Eaton Corporation, and General Electric Company are among the prominent players in the LED lamp market. Joint ventures and acquisitions are the key strategies adopted by the industry participants to set their foothold. For instance, in April 2017, Cree, Inc., announced a joint venture with San’an Optoelectronics to manufacture high-performance LED packaged products to strengthen its global presence. In November 2012, General Electric Company acquired Albeo Technologies to expand its customer base and strengthen its presence in the industry.
Market share calculation in this report is not done based on companies covered in it. The calculation of LED lamp market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
Regional Segmentations: -
Europe is anticipated to dominate the LED lamp market share owing to the increasing demand for smart lighting and smart homes options. Various regulations in the region for implementation of these lamps in industrial, public, and residential sectors have further escalated the regional growth. North America is expected to showcase a considerable growth rate owing to the increasing adoption in outdoor applications. Asia Pacific will exhibit a significant growth rate owing to various government initiatives across the region for the implementation of LED lamps.
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/1565
Partial Chapter of the Table of Content
Chapter 1 Methodology & Scope
1.1 Methodology
1.1.1 Initial data exploration
1.1.2 Statistical model and forecast
1.1.3 Industry insights and validation
1.1.4 Definition and forecast parameters
1.2 Data Sources
1.2.1 Secondary
1.2.2 Primary
Chapter 2 Executive Summary
2.1 LED lamp industry 3600 synopsis, 2013 - 2024
2.1.1 Business trends
2.1.2 Product trends
2.1.3 Application trends
2.1.4 Regional trends
Chapter 3 LED Lamp Industry Insights
3.1 Industry segmentation
3.2 Industry growth landscape, 2013 - 2024
3.3 Industry ecosystem analysis
3.3.1 Distribution channel analysis
3.3.2 Vendor matrix
3.4 Technology landscape
3.4.1 Chip on board (COB) LED-array
3.4.2 OLED lighting
3.4.3 LED use in Li-Fi communication
3.5 Raw material analysis
3.6 Regulatory Landscape
3.6.1 U.S.
3.6.1.1 Institute of Electrical and Electronic Engineers (IEEE)
3.6.1.2 Illuminating Engineering Society of North America (IESNA)
3.6.1.3 American National Standards Institute (ANSI)
3.6.2 EU
3.6.2.1 Regulation 1194/2012
3.6.2.2 Energy Labels
3.6.2.3 Energy-related Products (ErP) Directive
3.6.3 China
3.6.3.1 GB30255-2013 regulations
3.6.3.2 GB/T2408-2014 regulations
3.7 Pricing analysis
3.7.1 Regional pricing trends
3.7.2 Cost structure analysis
3.8 Industry impact forces
3.8.1 Growth drivers
3.8.1.1 Reduction in LED prices
3.8.1.2 Increasing demand for energy efficient lighting
3.8.1.3 Favorable government initiatives
3.8.1.4 Infrastructure development projects
3.8.1.5 Growing usage in public spaces and street lightings
3.8.2 Pitfalls and challenges
3.8.2.1 Reduced replacement frequency
3.8.2.2 Effects of blue light
3.9 Innovation & sustainability
3.10 Growth potential analysis
3.11 Porter’s analysis
3.12 Competitive landscape, 2016
3.13 PESTEL analysis
Browse Full Report @ https://www.gminsights.com/industry-analysis/led-lamp-market
Government support plays a vital role in the industry. Various governments across the globe are launching various initiatives for the deployment of these lamps. For instance, in November 2015, Indian government launched an initiative, “The National Programme for LED-based Home and Street lighting” to increase their use across households and streets throughout the country. Under this scheme, the government desired to switch all street lights from the conventional to LED lamps across 100 cities that increased the production of these lamps in India by 30 times. Moreover, the Russian government is making huge investments for promoting the use of these lamps due to their energy efficiency.
General purpose LED lamp market is expected to dominate the industry over the forecast time span owing to their multi-purpose applications. The advent of these lamps as a replacement of traditional counterparts is a major factor responsible for their growth. Shifting consumer preference toward energy-efficient lighting will augment the general-purpose lamp demand in the coming years. Longer product life along with adjustable illumination settings will further escalate the demand. Decorative lamps will showcase a significant growth rate owing to their wide usage in residential applications, especially in pools, fountains, gardens, and statues. Moreover, their usage in functional applications, such as landscaping and building facades, will fuel their demand.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Information:
Global Market Insights, Inc.
Arun Hegde
Tel: 1-888-689-0688
Email us
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Global Market Insights, Inc.
Arun Hegde
Tel: 1-888-689-0688
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results