LED for Work Market
LED for Work Market Global Industry Assessment & Forecast
#
Pages:
155
2021
Nov - 2021
VMR-2021-0866
Segments Covered
By
Product Portable LED Lighting, Fixed LED Lighting, Others
-
By
Application Residential, Commercial, Utility
Snapshot
 Forecast
Years:
|
2021 - 2028 |
 Historical
Years:
|
2016 - 2020 |
 Revenue
2021: |
81.74 Billion |
 Revenue 2028:
|
192.62 Billion |
 Revenue CAGR
(2021 - 2028): |
11.31 |
Fastest Growing Region (2022 -
2028)
|
North America |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
Product Analysis: Preview On the basis of Product,
the market is segmented into Portable LED Lighting, Fixed LED Lighting, Others,. Portable LED Lighting held the
highest share in 2020 and is expected to grow at a significant rate over the
forecast period. This is attributed to the rising demand for the Portable LED Lighting
in developing countries such as China and India. Digitalization in Asia Pacific
region has led to a surge in the usage of technology in various business
processes over the past few years. Rising adoption of online platforms across
various sectors along with analytical solutions, IoT, AI, and Blockchain
technology to gain a competitive advantage is also paving the way for the LED for Work
market growth. Application
Analysis: Preview
Based on Application,
the market is segmented into Residential, Commercial, Utility,. Commercial held the
largest share and is projected to grow at a notable CAGR over the coming years.
Rising demand for LED for Work in various countries
such as the U.S., Germany, China, India, and Japan, among others is likely to
support the growth of the market. Numerous companies are focusing on investing
heavily in this application to cater the end user requirements effectively.
Global LED for Work Market: Product Segment Analysis
-
- Portable LED Lighting
- Fixed LED Lighting
- Others
Global LED for Work Market: Application Segment Analysis
-
- Residential
- Commercial
- Utility
FAQ
Frequently Asked Question
What is the global demand for LED for Work in terms of revenue?
-
The global LED for Work valued at 81.74 Billion in 2020 and is expected to reach 192.62 Billion in 2028 growing at a CAGR of 11.31%.
Which are the prominent players in the market?
-
The prominent players in the market are LG Innotek, Nichia, TOSHIBA, Cree, Osram, Philips Lumileds, Toyoda Gosei, Seoul Semiconductor, Everlight, Agilent, Vishay, Epistar, Bosch, Kingbright, MICROPLUS GERMANY..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 11.31% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
-
The driving factors of the LED for Work include
- The high demand for led lighting driven by the modernization and development of infrastructure such as smart cities is expected to augment the growth of the market during the forecast period.
- The increasing need for energy-efficient lighting systems is anticipated to augment the growth of the market over the forecast period.
Which region accounted for the largest share in the market?
-
North America was the leading regional segment of the LED for Work in 2020.
