LED Lighting Market Size, Share, Growth, Trends & Forecast 2020-2025

Press Release:

Global LED Lighting Market to Exhibit Moderate Growth During 2020-2025, Spurred by Growing Demand for Energy-Efficient Lighting Solutions

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

LED Lighting Market - Global Industry Trends, Manufacturing Process, Plant Setup, Machinery, Raw Materials, Cost and Revenue

Report Overview:

The global LED lighting market reached a value of US$ 80.8 Billion in 2019. A light-emitting diode (LED) refers to a semiconductor device which generates non-coherent and narrow-spectrum light when electric current passes through it. In comparison with conventional lights, LED lights are environment-friendly in nature and save around 90% of the overall energy. Some of the other advantages associated with LED lights include reliability, compact size, fast switching, longer lifespan, improved physical robustness, low heat output, minimum radiation emission and less power consumption. Owing to this, LED lights are now rapidly replacing incandescent and fluorescent lights across the globe. Looking forward, IMARC Group expects the global LED lighting market to exhibit moderate growth during 2020-2025.

Global LED Lighting Market Drivers:

As LED lights contain zero toxic elements and are eco-friendly in nature, their demand is being influenced by initiatives and policies by the governments of several countries introduced for environmental protection and energy conservation.
Currently, the price of electricity in several developing countries is rising due to the growing demand-supply gap. On account of this, consumers are shifting towards energy-efficient lighting sources such as LED lights.
LED lights are now widely being used in automotive, general lighting, mobile devices, signal and signage, healthcare, forensic, academics and street lighting, which is providing a boost to the growth of the market.
In order to widen their consumer-base, manufacturers are not only coming up with different LED lighting products, but are also investing in marketing through newspapers, televisions, etc. This is increasing product awareness among the consumers which, in turn, is strengthening the growth of the market.

Breakup by Application:

Based on applications, the global LED lighting market is segregated as retrofit, retail and hospitality, outdoor, offices, architectural, homes, and industry. Amongst these, retrofit represents the largest application area owing to the growing awareness about the advantages offered by LED lights.

Regional Insights:

On a geographical front, India enjoys the leading position in the market, accounting for the dominant share. The Indian Government’s policy of rural electrification has created a strong demand for energy-efficient lighting products. Other major regions include China, Europe, Japan, Brazil, Russia and the United States.

Competitive Landscape:

The market is concentrated in nature with the presence of few manufacturers who are competing against one another in terms of prices and quality. Some of these players include:

Nichia
Osram
Samsung Electronics
Everlight Electronics
LG Innotek

This report provides a deep insight into the global LED lighting industry covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. The report also provides a comprehensive analysis for setting up a LED lighting manufacturing plant. The study analyses the processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the LED lighting industry in any manner.

Key Questions Answered in This Report:

How has the global LED lighting market performed so far and how will it perform in the coming years?
What are the key regional markets in the global LED lighting market?
What has been the impact of COVID-19 on the global LED lighting market?
What are the major application segments in the global LED lighting market?
What are the price trends of LED lighting?
What are the various stages in the value chain of the global LED lighting market?
What are the key driving factors and challenges in the global LED lighting market?
What is the structure of the global LED lighting market and who are the key players?
What is the degree of competition in the global LED lighting market?
What are the key requirements for setting up a LED lighting manufacturing plant?
How are LEDs (SMD) manufactured?
What are the various unit operations involved in a LED lighting manufacturing plant?
What is the total size of land required for setting up a LED lighting manufacturing plant?
What are the machinery requirements for setting up a LED lighting manufacturing plant?
What are the raw material requirements for setting up a LED lighting manufacturing plant?
What are the packaging requirements for LED lighting?
What are the transportation requirements for LED lighting?
What are the utility requirements for setting up a LED lighting manufacturing plant?
What are the manpower requirements for setting up a LED lighting manufacturing plant?
What are the infrastructure costs for setting up a LED lighting manufacturing plant?
What are the capital costs for setting up a LED lighting manufacturing plant?
What are the operating costs for setting up a LED lighting manufacturing plant?
What will be the income and expenditures for a LED lighting manufacturing plant?
What is the time required to break-even?