LEDs Set To Ignite The Big Board

Grand View Research’s recent report says the global LED lighting market size is expected to reach $108.99 billion by 2025 and will register a CAGR of 14.4% during the forecast period. Continuous development of energy-saving capabilities, introduction of Standard Deviation Color Matching (SDCM) control, and longer lifespan compared to CFL lamps have accelerated demand for LED lamps at a global level. Introduction of smart/connected lighting and its multiple uses in residential, commercial, and industrial sectors has also spurred market growth.

 

Findings and Projections

Sponsored by Digi-Key

TE Connectivity Horticultural Lighting Solutions Available Now from Digi-Key

TE connector, relay and filter solutions can help create a fine maze network of power-cabling to the lights needed for vertical farming. Their solutions are interchangeable, easy-to-install, and will last for years in variable humidity environments.
  • The indoor LED lighting segment held the largest share in 2016 and is anticipated to register a comparatively lower growth rate from 2017 to 2025.
  • OLED emerged as the largest product segment in 2016 and is estimated to generate revenue worth USD 58.0 billion by 2025
  • Global LED luminaires demand was valued at USD 10.63 billion in 2016 and is anticipated to witness staggered growth over the course of the forecast period
  • The U.S. LED architectural lighting market was valued at USD 0.79 billion in 2016 and is anticipated to exhibit a CAGR of nearly 15.0% over the forecast period.
  • The industry in Asia Pacific is projected to witness substantial growth over the next decade owing to tremendous demand for energy-efficient lighting in residential and commercial sectors. The regional market is expected to exhibit a CAGR of 15.4% from 2017 to 2025
  • Key players such as Koninklijke Philips Electronics N.V.; OSRAM GmbH; Cree, Inc.; Eaton; and GE dominated the global LED lighting market, accounting for about 59.0% of the total revenue in 2016. 

Be further illuminated, browse "LED Lighting Market Size, Share & Trends Analysis Report By Product (Basic LED, High Brightness LED, OLED), By Design (Lamps, Luminaires), By Application (Indoor, Outdoor), And Segment Forecasts, 2018 - 2025" report.

 

Grand View Research Inc.

Toll Free: 1-888-202-9519

Phone: +1-415-349-0058

[email protected]

https://www.grandviewresearch.com

Suggested Articles

OmniVision Technologies, Inc. is trying to meet camera sensor demand by using 12 in. wafers to produce its latest 2 megapixel image sensor.

PCB layout may seem pretty easy, but doing it well takes a different skill set than design

According to a new study by Fact.MR, the MEMS sensor market will grow at a compound annual growth rate of 9% through 2027, reaching $50 billion.