{"id":470969,"date":"2020-03-02T06:30:01","date_gmt":"2020-03-02T06:30:01","guid":{"rendered":"https:\/\/www.abnewswire.com\/pressreleases\/?p=470969"},"modified":"2020-03-02T06:30:01","modified_gmt":"2020-03-02T06:30:01","slug":"global-led-market-report-2020-size-share-industry-growth-price-analysis-trends-outlook-and-forecast","status":"publish","type":"post","link":"https:\/\/www.abnewswire.com\/pressreleases\/global-led-market-report-2020-size-share-industry-growth-price-analysis-trends-outlook-and-forecast_470969.html","title":{"rendered":"Global LED Market Report 2020, Size, Share, Industry Growth, Price Analysis, Trends, Outlook and Forecast"},"content":{"rendered":"
\"Global<\/a><\/p>\n
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Global LED Market Report 2020, Size, Share, Industry Growth, Price Analysis, Trends, Outlook and Forecast<\/div>\n<\/div>\n<\/div>\n
According to a new report by Expert Market Research, the global LED market reached a value of US$ 75.3 Billion in 2019 and is further expected to reach US$ 128 Billion by 2024.<\/div>\n

LEDs represent electronic components that can convert electric energy into light. They have today gained prominence across all the regions on account of their potential advantages over other lighting sources such as incandescent bulbs and CFLs. LEDs stay much cooler than incandescent lights, reducing the risk of combustion or burns. As they are made with epoxy lenses, they are highly resistant to breakage. Besides this, they are energy-efficient, long-lasting and easy to install.<\/p>\n

Get a Free Sample Report With Table of Content –<\/strong> https:\/\/www.expertmarketresearch.com\/request?type=report&flag=B&id=18<\/a><\/p>\n

With technological advancements, manufacturing efficiency and decline in the prices, the global market for LEDs has witnessed a strong growth over a period of time. According to a new report by Expert Market Research, the global LED market reached a value of US$ 75.3 Billion in 2019<\/a> and is further expected to reach US$ 128 Billion by 2024. Owing to the growing environmental concerns and increasing expenses on electricity generation, governments’ regulations have become more stringent, encouraging the penetration of energy-efficient light sources like LED lights. Moreover, a rising demand for LEDs in high-tech products such as flat TVs, digital cameras, smart phones and automotives has also propelled the growth aspects of the LED market.<\/p>\n

Click here for the summary of report –<\/strong> https:\/\/www.expertmarketresearch.com\/reports\/led-market<\/a><\/p>\n

Expert Market Research has analysed the global LED market according to lighting product, end-use, major regions and top players:<\/strong><\/p>\n

Market breakup by Lighting Product:<\/strong><\/p>\n

1. LED Lamps and Modules
2. LED Fixtures<\/p>\n

Market breakup by End-use:<\/strong><\/p>\n

1. Retrofit
2. Retail and Hospitality
3. Outdoor
4. Office
5. Architectural
6. Homes
7. Industry
8. Others<\/p>\n

Market breakup by Region<\/strong><\/p>\n

1. China
2. Europe
3. North America
4. Asia Pacific
5. Middle East and Africa
6. Latin America<\/p>\n

Top players<\/strong><\/p>\n

1. Nichia
2. Osram
3. Samsung Electronics
4. Everlight Electronics
5. LG Innotek
6. Epistar
7. Seoul Semiconductor
8. Cree
9. Lumileds
10. Mulinsen<\/p>\n

Key findings from the report:<\/strong><\/p>\n

1. The two lighting products are LED lamps and modules, and LED fixtures.
2. The major end-uses of LED lights are in retrofit, retail and hospitality, outdoor, office, architectural, homes, industry and others. In 2018, retrofit was the biggest end-use sector with a share of more than a third of the global market. It was followed by retail and hospitality, outdoor, offices, architectural, homes, industry and others.
3. Region-wise, China dominated the market with a share of more than one-fifth of the global LED market. It was followed by Europe, North America, Asia-Pacific, Japan, Middle East & Africa and Latin America.
4. Being fragmented in nature, the global LED market is surrounded by a number of small and big players. In 2019, Nichia was the biggest player in the market with a share of nearly a fifth of the total LED sales. It was followed by Osram, Samsung Electronics, Everlight Electronics, LG Innotek, Epistar, Seoul Semiconductor, Cree, Lumileds, Mulinsen and others.<\/p>\n

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About Us:<\/strong><\/p>\n

EMR is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.<\/p>\n

At EMR, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.<\/p>\n

We also provide state-of-the-art procurement intelligence through our platform, procurementresource.com<\/a>. Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.<\/p>\n

Contact us<\/strong><\/p>\n

Expert Market Research<\/strong>
Twitter:<\/strong> @expertmresearch
Website: https:\/\/www.expertmarketresearch.com<\/strong>
Email:<\/strong> sales@expertmarketresearch com
USA\/Canada:<\/strong> +1-415-325-5166 | UK:<\/strong> +44-702-402-5790
LinkedIn:<\/strong> https:\/\/wwwlinkedincom\/company\/expert-market-research<\/p>\n

Media Contact<\/span>
Company Name:<\/strong> Expert Market Research<\/a>
Contact Person:<\/strong> Matt Johnson
Email:<\/strong> Send Email<\/a>
Phone:<\/strong> +1-415-325-5166
Address:<\/strong>138 Duane Street
City:<\/strong> New York City
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Country:<\/strong> United States
Website:<\/strong> https:\/\/www.expertmarketresearch.com\/<\/a><\/p>\n

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Global LED Market Report 2020, Size, Share, Industry Growth, Price Analysis, Trends, Outlook and Forecast According to a new report by Expert Market Research, the global LED market reached a value of US$ 75.3 Billion in 2019 and is further … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[401,410,404,443,416],"tags":[],"class_list":["post-470969","post","type-post","status-publish","format-standard","hentry","category-Business","category-Manufacturing-Industry","category-US","category-Website-Blog","category-World"],"_links":{"self":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts\/470969","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/comments?post=470969"}],"version-history":[{"count":0,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts\/470969\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/media?parent=470969"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/categories?post=470969"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/tags?post=470969"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}