HOME Press Releases LED Lighting Market worth 92.40 Billion USD by 2022



LED Lighting Market worth 92.40 Billion USD by 2022


According to a new market research report "LED Lighting Market by Installation Type (New Installation and Retrofit Installation), End-Use Application (Indoor Lighting and Outdoor Lighting), Product Type (Lamps and Luminaires), and Geography - Global Forecast to 2022", the total LED lighting market, in terms of value, is expected to be valued at USD 92.40 Billion by 2022, growing at a CAGR of 13.66%; in terms of volume, the market size is expected to reach 14.01 Billion units by 2022, at a CAGR of 21.23% during the forecast period. The growing consumer demand for energy-efficient lighting system is expected to be the major factor driving the market.

    Request Sample    Request Sample

Browse 74 market data tables and 63 figures spread through 150 pages and in-depth TOC on LED Lighting Market - Global Forecast to 2022
https://www.marketsandmarkets.com/Market-Reports/led-lighting-market-201130554.html
Early buyers will receive 10% customization on reports.

Residential indoor lighting application expected to dominate the LED lighting market in terms of value

Increase in infrastructure-building activities, a large chunk of which is the residential sector, is the major factor contributing to the high growth of the residential indoor lighting end-use application.

Lamps segment expected to be the dominant during the forecast period

The lamps subsegment is expected to be the dominant market as it is the major light source and main component of an LED lighting system. Increasing consumer awareness about conserving energy and installing light systems with high energy efficiency is expected to boost the LED lighting market for lamps.

LED lighting market in APAC expected to grow at the highest rate during the forecast period

The market in APAC is expected to grow at the highest rate between 2016 and 2022. The high growth rate can be attributed to the rapid infrastructure-building activities being undertaken in the APAC region.

The key players in this market are Phillips Lighting Holding B.V. (Netherlands), General Electric Company (U.S.), OSRAM Licht AG (Germany), Cree, Inc. (U.S.), and Cooper Industries, Inc. (Ireland).

About MarketsandMarkets

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&Ms flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com

Connect Us

Follow us on LinkedIn  Follow us on Facebook   Follow us on Twitter 
Live Chat Support


US : 1-888-600-6441

Search reports