Valued to be $78.7 Billion by 2026, LED Lighting Slated for Robust Growth Worldwide – PR Newswire

March 28, 2022 by No Comments

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Edition: 20; Released: February 2022
Executive Pool: 11968
Companies: 190 – Players covered include Acuity Brands Lighting, Inc.; Bajaj Electricals Ltd.; Crompton Greaves Ltd.; Current, Powered by GE; Fagerhult Group; Feilo Sylvania; Feit Electric Company; FW Thorpe Plc; Havells India Limited; Hubbell Lighting, Inc.; LG Corporation; NVC Lighting Technology Corporation; Opple Lighting Co., Ltd.; Osram GmbH; Panasonic Corporation; Signify Holding BV; SCHRÉDER SA; Sharp Electronics Corporation; Toshiba Lighting & Technology Corporation; TRILUX GmbH & Co. KG; Ultra LEDs Limited; Zumtobel Group AG and Others.
Coverage: All major geographies and key segments
Segments: Product Type (Lamps, Luminaires); Application (Indoor, Outdoor); End-Use (Residential, Commercial, Industrial, Other End-Uses)
Geographies: World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.

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ABSTRACT-

Global LED Lighting Market to Reach $73.2 Billion by 2026
The lighting market has experienced remarkable evolution over the past few decades, with technological advancements driving shift from traditional energy-intensive incandescent bulbs toward energy-efficient Light Emitting Diodes (LED) technology. Strong adoption of the technology continues in residential, commercial and industrial applications. Declining costs of these lamps are additionally helping the technology to gain considerable traction, prompting businesses to upgrade to the technology.  In the coming years, LED lights are anticipated to witness healthy growth as they become longer lasting and more efficient. Growing consumer awareness on the importance of energy efficiency, coupled with rising number of stringent government regulations regarding less-efficient lighting sources are also anticipated to augment market growth in the coming years. Several governments across the world are promoting LED lights adoption in a big way as they can reduce consumption of electricity for lighting by half, which can be a …….

Source: https://www.prnewswire.com/news-releases/valued-to-be-78-7-billion-by-2026–led-lighting-slated-for-robust-growth-worldwide-301510650.html

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