LED Light Engine Market
LED Light Engine Market - Global Industry Assessment & Forecast
Segments Covered
- By Product Type Lamps, Luminaires
- By Installation Type New Installation, Retrofit Installation
- By End-Use Application Indoor Lighting, Outdoor Lighting
- By Region North America, Europe, Asia Pacific, Middle East & Africa, Latin America
Snapshot
Base Year: | 2022 |
Forecast Years: | 2023 - 2030 |
Historical Years: | 2017 - 2021 |
Revenue 2022: | USD 46.12 Billion |
Revenue 2030: | USD 144.08 Billion |
Revenue CAGR (2023 - 2030): | 15.30% |
Fastest Growing Region (2023 - 2030) | Asia Pacific |
Largest Region (2022): | Asia Pacific |
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
Research Methodology: LED Light Engine Market by Product Type by Installation Type by End-Use Application by Region - Global Market Assessment, 2021 - 2028
Secondary Research
Primary Research:
Data Triangulation and Market Size Estimations
FAQ
Frequently Asked Question
What is the global demand for LED Light Engine in terms of revenue?
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The global LED Light Engine valued at USD 46.12 Billion in 2022 and is expected to reach USD 144.08 Billion in 2030 growing at a CAGR of 15.30%.
Which are the prominent players in the market?
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The prominent players in the market are Seoul Semiconductors (South Korea), Acuity Brands, Inc. (US), TRILUX Lighting (Germany), SDA Lighting (US), LUMITECH (Austria), AB Fagerhult (Sweden), Helvar (Finland), Gerard Lighting (Australia), LEDVANCE GmbH (Germany), LEDRAbrands (US), and Halla, a.s. (Czech Republic)..
At what CAGR is the market projected to grow within the forecast period?
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The market is project to grow at a CAGR of 15.30% between 2023 and 2030.
What are the driving factors fueling the growth of the market.
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The driving factors of the LED Light Engine include
- Growing Focus on Energy Efficiency and Cost Saving
Which region accounted for the largest share in the market?
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Asia Pacific was the leading regional segment of the LED Light Engine in 2022.