The latest report by IMARC Group titled, “LED Tube Light Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023” provides an in-depth analysis of the global LED tube light market. LED tube lights are a more affordable, energy efficient and widely available lighting systems. These lights are extensively replacing the traditional sources of lighting, for instance fluorescent tube lights, that were used earlier for commercial and residential lighting. Moreover, fluorescent tube lights tend to burn out faster when integrated with occupancy sensors and other controls. The LED tube lights, on the other hand, work perfectly well with control systems and also have a longer life-span ranging from 10 to 13 years (depending on the quality). This reduces the need to re-lamp LED tube more frequently.
LED tube lights are eco-friendly lights as they do not contain any mercury, which is harmful for environment. Moreover, these lights produce comparatively low amount of UV rays which causes eye strain and eye fatigue. As a result of this, several governments initiatives and programmes have been launched in many regions to encourage the use of LED tube lights and prevent further damage to the environment. This is expected to encourage the market growth of LED tube light in the coming years.
The market is segmented on the basis of key application areas of LED tube lights such as offices and conference rooms; showrooms and malls; homes, departmental stores and boutiques; warehouses and parking houses; and hospitals and laboratories. The market is also segmented on the basis of product type which include LED tube light (direct fit); LED tube light (internal driver); and LED tube light (external driver). The report provides a segmentation on a regional basis with some of the major markets being India, China, Europe, United States, Japan, Brazil and Russia. An analysis of the competitive landscape provides the details of the key players operative in the market. Some of the major players are Nichia, Osram, Samsung Electronics, Eerlight Electronocs and LG Innotek.
The report has examined the global LED tube light market on the basis of:
Key Application Areas:
- Offices and Conference Rooms
- Showrooms and Malls
- Homes, Departmental Stores and Boutiques
- Warehouses and Parking Houses
- Hospitals and Laboratories
- LED Tube Light (Direct Fit)
- LED Tube Light (Internal Driver)
- LED Tube Light (External Driver)
- United States
- Samsung Electronics
- Eerlight Electronocs
- LG Innotek
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