NEW YORK, April 1, 2022 /PRNewswire/ -- The LED Market value is expected to grow by USD 96.82 billion from 2020 to 2025, at a CAGR of 13.10% during the forecast period, according to Technavio. The report offers an up-to-date analysis to know the exact growth variance and the Y-O-Y growth rate Request a free sample report.
The declining manufacturing cost of LEDs, growing adoption of energy-efficient lighting technologies, and enforcement of the Minamata Convention on mercury will offer immense growth opportunities. However high average cost per fixture, technical challenges, lack of standardization will challenge the growth of the market participants.
To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
LED Market 2021-2025: Segmentation
LED Market is segmented as below:
Learn more about the additional trends impacting the future of the market and the positive and negative consequences on the businesses, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR41086
LED Market 2021-2025: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our led market report covers the following areas:
This study identifies the growing adoption of energy-efficient lighting technologies as one of the prime reasons driving the led market growth during the next few years.
LED Market 2021-2025: Vendor Analysis
The LED market is fragmented, and the vendors are deploying various organic and inorganic growth strategies to compete in the market.
The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Some vendors are also adopting inorganic growth strategies such as M&As to remain competitive in the market.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
Find additional highlights on the growth strategies adopted by vendors and their product offerings, Read Free Sample Report.
LED Market Value Chain Analysis
In order to optimize profit margins and evaluate company plans, an end-to-end understanding of the value chain is required. During the projected period, the data in our value chain analysis segment can assist vendors to reduce costs and improve customer service.
The value chain of the semiconductors market includes the following core components:
Find additional highlights on the market value chain analysis, Download Free Sample Report.
LED Market 2021-2025: Key Highlights
We offer USD 1,000 worth of FREE customization at the time of purchase. Speak to our Analyst now!
Related Reports:
LED Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 13.10% |
Market growth 2021-2025 |
$ 96.82 billion |
Market structure |
Fragmented |
YoY growth (%) |
4.22 |
Regional analysis |
APAC, Europe, North America, South America, and MEA |
Performing market contribution |
APAC at 50% |
Key consumer countries |
China, US, Japan, India, and Germany |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiLED |
Acuity Brands Inc., ams AG, Bridgelux Inc., Eaton Corp. Plc, General Electric Co., LumiLEDs Holding BV, Nichia Corp., Signify NV, SMART Global Holdings Inc., and WOOREE E and L Co. Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table Of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Market Segmentation by Application
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
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