Global LED Tube Light Market Catalysed by Functional Properties and Government Initiatives

Global LED Tube Light Market Catalysed by Functional Properties and Government Initiatives
The global LED tube lights market is escalated by several factors such as affordability, energy efficiency and widely availability. Additionally, various government initiatives and programmes have provided further thrust to the market growth.

The latest report by IMARC Group titled, “LED Tube Light Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022” provides an in-depth analysis of the global LED tube light market. LED tube lights are a more affordable, energy efficient and widely available lighting systems. These lights are extensively replacing the traditional sources of lighting, for instance fluorescent tube lights, that were used earlier for commercial and residential lighting. Moreover, fluorescent tube lights tend to burn out faster when integrated with occupancy sensors and other controls. The LED tube lights, on the other hand, work perfectly well with control systems and also have a longer life-span ranging from 10 to 13 years (depending on the quality). This reduces the need to re-lamp LED tube more frequently.

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LED tube lights are eco-friendly lights as they do not contain any mercury, which is harmful for environment. Moreover, these lights produce comparatively low amount of UV rays which causes eye strain and eye fatigue. As a result of this, several governments initiatives and programmes have been launched in many regions to encourage the use of LED tube lights and prevent further damage to the environment. This is expected to encourage the market growth of LED tube light in the coming years.

The market is segmented on the basis of key application areas of LED tube lights such as offices and conference rooms; showrooms and malls; homes, departmental stores and boutiques; warehouses and parking houses; and hospitals and laboratories. The market is also segmented on the basis of product type which include LED tube light (direct fit); LED tube light (internal driver); and LED tube light (external driver). The report provides a segmentation on a regional basis with some of the major markets being India, China, Europe, United States, Japan, Brazil and Russia. An analysis of the competitive landscape provides the details of the key players operative in the market. Some of the major players are Nichia, Osram, Samsung Electronics, Eerlight Electronocs and LG Innotek.

Click here for summary of the report with TOC: http://www.imarcgroup.com/led-tube-light-manufacturing-plant 

The report has examined the global LED tube light market on the basis of:

Key Application Areas:

  • Offices and Conference Rooms
  • Showrooms and Malls
  • Homes, Departmental Stores and Boutiques
  • Warehouses and Parking Houses
  • Hospitals and Laboratories

 

Product Types:

  • LED Tube Light (Direct Fit)
  • LED Tube Light (Internal Driver)
  • LED Tube Light (External Driver)

 

Key Regions:

  • India
  • China
  • Europe
  • United States
  • Japan
  • Brazil
  • Russia

 

Key Player:

  • Nichia
  • Osram
  • Samsung Electronics
  • Eerlight Electronocs
  • LG Innotek

 

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

 

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