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Dublin, March 07, 2022 (GLOBE NEWSWIRE) -- The "Global LED Light Engine Market (2021-2026) by Product Type, Installation Type, Form Type, End-Use Application Type, Geography" report has been added to ResearchAndMarkets.com's offering. The Global LED Light Engine Market is estimated to be USD 31.2 Bn in 2021 and is expected to reach USD 63.0 Bn by 2026, growing at a CAGR of 15.06%. Market Dynamics
The Global LED Light Engine Market is growing need for energy-efficient lighting systems. Increasing government initiatives and regulations for infrastructural development, such as smart cities and other projects based on the Internet of Things (IoT), are driving the market's growth. Additionally, low cost of devices, reduction in LED prices, and expansion of LED technology over conventional lighting solutions are fuelling the development of the market. On the other hand, a lack of awareness for installing LED costs and developing alternate technologies restrict the market's growth. The development of wireless technology is creating opportunities for the market to grow in the forecasted period. Furthermore, increasing adoption and demand from the horticulture market, creating innovative LED light engine products for various applications, including the harsh environment in marine room lights, etc. Moreover, the lack of common open standards and policies are the challenges that may negatively affect the market's growth. Market Segmentation
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Some of the companies covered in this report are General Electric Company, Hubbell Incorporated, LG Innotek, Legrand, OSRAM Licht AG, Samsung Electronics Co Ltd, Signify Holding B.V, Wipro Enterprise Private Limited, Wolfspeed, Inc, and Zumtobel Group, etc. Countries Studied
The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc. Why buy this report?
Key Topics Covered: 1 Report Description 2 Research Methodology 3 Executive Summary
4 Market Influencers 4.1 Drivers 4.1.1 Growing Need for Energy-Efficient Lighting Systems 4.1.2 Increasing Government Initiatives for Infrastructure Development 4.1.3 Low Cost or Reduction in LED Prices 4.2 Restraints 4.2.1 Lack of Awareness for Installing Costs of LED 4.2.2 Developing Alternate Technologies 4.3 Opportunities 4.3.1 Growing Adoption and Demand from Horticulture Market 4.3.2 Development of Wireless Technology 4.4 Challenges 4.4.1 Lack of Open Common Open Standards and Policies 5 Market Analysis 5.1 Porter's Five Forces Analysis 5.2 Impact of COVID-19 5.3 Ansoff Matrix Analysis 6 Global LED Light Engine Market, By Product Type 6.1 Introduction 6.2 Lamps 6.3 Luminaries 7 Global LED Light Engine Market, By Installation Type 7.1 Introduction 7.2 New Installation 7.3 Retrofit Installation 8 Global LED Light Engine Market, By Form Type 8.1 Introduction 8.2 Flexible 8.3 Rigid 8.3.1 Linear 8.3.2 Round 8.3.3 Others 9 Global LED Light Engine Market, By End-Use Application Type 9.1 Introduction 9.2 Indoor Lighting 9.2.1 Commercial 9.2.2 Residential 9.2.3 Industrial 9.2.4 Others 9.3 Outdoor Lighting 9.3.1 Architectural 9.3.2 Highways and Roadways 9.3.3 Public Places 10 Global LED Light Engine Market, By Geography 11 Competitive Landscape 11.1 Competitive Quadrant 11.2 Market Share Analysis 11.3 Strategic Initiatives 11.3.1 M&A and Investments 11.3.2 Partnerships and Collaborations 11.3.3 Product Developments and Improvements 12 Company Profiles 12.1 Acuity Brands, Inc 12.2 Everlight Electronics Co Ltd 12.3 Fagerhult Group 12.4 Fulham Co, Inc 12.5 Fusion Optix 12.6 Gerard Lighting Group 12.7 Glamox AS 12.8 Halla A.S 12.9 Helvar Merca Oy Ab 12.10 Hubbell Incorporated 12.11 Ideal Industries, Inc 12.12 LEDVANCE GmbH 12.13 Ledrabrands, Inc 12.14 Legrand 12.15 LG Innotek 12.16 LUMITECH Lighting Solution GmbH 12.17 Lumileds Holding B.V 12.18 Lutron Electronics Co, Inc 12.19 MaxLite 12.20 Nichia Corporation 12.21 OSRAM Licht AG 12.22 RS Components 12.23 Samsung Electronics Co Ltd 12.24 Savant Systems, Inc 12.25 SDA Lighting 12.26 Seoul Semiconductor Co Ltd 12.27 Signify Holding B.V 12.28 Soraa, Inc 12.29 TRILUX GmbH & Co KG 12.30 Truck-Lite Co, LLC 12.31 Wipro Enterprise Private Limited 12.32 Wolfspeed, Inc 12.33 Zhaga Consortium 12.34 ZLight Technology 12.35 Zumtobel Group 13 Appendix For more information about this report visit https://www.researchandmarkets.com/r/nof4rq
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