The LED Indoor Lighting Market is expected to grow from USD 3.79 Billion in 2018 to USD 10.55 Billion by 2028, at a CAGR of 12.52%. The high use of light emitting diodes as an alternative to florescent, HID and incandescent lighting has paved the way for large - scale lighting of indoor light emitting diodes.
The main factors driving the smart indoor lighting market are energy saving concerns and the factors responsible for the growth of the smart indoor lighting market are its advantages, such as low maintenance costs, longer stamina and low power consumption. Another is the falling prices of LED components.
Commercial and industrial buildings are one of the most common applications for intelligent lighting. Lighting accounts for 20% to 50% of global energy consumption. Lighting in commercial and industrial buildings accounts for 40 percent of total energy spending.
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The report covers in-depth profiling of the prominent players of the industry and includes Digital Lumens, Inc. (United States), Acuity Brands Lighting, Inc. (United States), Philips Lighting (Netherlands), General Electric Company (United States), OSRAM Licht AG (Germany), Honeywell International (United States), Cooper Industries, Inc. (Ireland), Legrand (France), Schneider Electric SE (France), among others. Furthermore, it offers a detailed analysis of the competitive landscape of the market with insightful data on recent trends, technological developments, product advancements, methodologies, and strategic business decisions such as mergers and acquisitions, joint ventures, collaborations, and product launches, among others.
It further offers critical insights on the regional bifurcation of the market with regards to market scope, market size, market share, revenue generation, production and consumption ratio, supply and demand ratio, and analysis of the key players operating in those regions. The regional analysis covers North America, Europe, Asia Pacific, Latin America, and Middle East Africa.
The report studies dynamic market elements such as drivers, restraints, challenges, threats, opportunities, and growth prospects, among others. The report offers strategic recommendations to the new entrants as well as established players to assist them in capitalizing on the advantageous opportunities.
For the purpose of this study, Reports and Data have segmented the market on the basis of solutions, services, deployment model and regional analysis.
Light Source (Revenue, USD Million; 2016–2028)
- Fluorescent Lamps
- Light Emitting Diodes
- High Intensity Discharge Lamps
Application (Revenue, USD Million; 2016–2028)
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Key Point Summary of the Report:
The global LED Indoor Lighting market research report is an investigative study offering key insights into the latest growth trends, developments, technological and product advancements, and the research and development scenario. The report also covers the market aspects that directly influence the growth of the market. These features include strategies undertaken by the prominent players, their expansion tactics, and the product portfolios of the companies, and micro and macro-economic factors.
The study also analyses the crucial market aspects, including RD, product launches and brand promotions, mergers and acquisitions, collaborations, joint ventures, and the growth pattern on both regional and global levels. The report offers an in-depth evaluation of factors such as cost, capacity, rates of production and consumption, gross revenue, profit margin, demand and supply ratio, import/export, market share, market size, and market trends.
Key Question Addressed in the Report:
- What are the key driving factors of the LED Indoor Lighting industry?
- What will the market size and growth rate be throughout the forecast period?
- Who are the prominent players of the LED Indoor Lighting industry?
- What are the technological advancements and product developments taking place in the LED Indoor Lighting market?
- What are the key outcomes of the SWOT analysis and Porter’s Five Forces analysis?
- Which region is expected to dominate the market in the coming years?
- What are the key risk factors and challenges the companies will face in the market?
Table of Content:
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope Premise
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018-2028
Chapter 3. Indicative Metrics
3.1. Macro Indicators
3.1.1. Global usage of LED Indoor Lighting
3.1.2. Global LED Indoor Lighting consumption by Application Type
Chapter 4. LED Indoor Lighting Market Segmentation Impact Analysis
4.1. LED Indoor Lighting Segmentation Analysis
4.2. Industrial Outlook
4.3. Regulatory Framework
4.4. LED Indoor Lighting Market Impact Analysis
4.4.1. Market driver analysis
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