LED Flood Light Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

LED Flood Light Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

  • June 2019 •
  • 115 pages •
  • Report ID: 4715166 •
  • Format: PDF
The global LED flood light market reached a value of US$ 3.64 Billion in 2018. LED flood lights are a type of lighting fixtures used for illuminating large areas like stadiums, yards, stages, private gardens and home living spaces. These fixtures offer numerous advantages over other lighting sources, like fluorescent and CFL systems. They are environment-friendly in nature as they do not generate infrared or UV radiation and help in reducing the carbon footprint on account of their low electricity requirements. They also have a highly durable design owing to which they require minimum maintenance. At present, the demand for LED flood lights is rising as governments of various nations are supporting the usage of these fixtures as a step towards sustainable development.

In recent years, LED flood lights have been increasingly used for outdoor lighting in several commercial and industrial applications such as security perimeters, stadiums and warehouses. Besides this, the utilization of LED flood lights helps building owners and managers in saving operating and maintenance costs as these lighting solutions do not consume as much energy as traditional lighting technologies. Apart from this, these lights are also becoming popular across both the residential and commercial sectors as they help in reducing the overall ambient room temperature. Moreover, flood lights cater to the rising demand for green lighting technology as they have cool beam bulbs and offer optimum luminous efficacy. On account of these properties, the LED flood lights market is expected to attract numerous investments in the near future. According to the analyst, the market is projected to reach US$ 6.35 Billion by 2024, at a CAGR of 9.3% during 2019-2024.

Breakup by Application:
Retrofit
Retail & Hospitality
Outdoor
Offices
Architectural
Residential
Industrial

On the basis of the application, LED lighting is majorly used for retrofitting purposes wherein the inefficient lighting sources are replaced with LED lights in order to enhance optical performance and energy efficiency.

Regional Insights:
India
China
Europe
The United States
Japan
Brazil
Russia

On the geographical front, China represents the largest market for LED lighting, holding the majority of the global market share. This can be attributed to increasing urbanization, implementation of local energy saving targets and introduction of financial subsidies to promote the usage of LED lights across the nation.

Competitive Landscape:
The competitive landscape of the LED lighting industry has also been analyzed with detailed information about the key players operating in the market across the globe.

Key Questions Answered in This Report:
How has the global LED lighting market performed so far and how will it perform in the coming years?
How has the global LED flood light market performed so far and how will it perform in the coming years?
What are the key regional markets in the global LED lighting industry?
What are the major application segments in the global LED lighting industry?
What are the key product types in the global LED lighting industry?
What are the various stages in the value chain of the global LED lighting industry?
What are the key driving factors and challenges in the global LED lighting industry?
What is the structure of the global LED lighting industry and who are the key players?
What is the degree of competition in the global LED lighting industry?
What are the profit margins in the global LED lighting industry?
What are the key requirements for setting up a LED flood light manufacturing plant?
How are LED flood light manufactured?
What are the various unit operations involved in a LED flood light manufacturing plant?
What is the total size of land required for setting up a LED flood light manufacturing plant?
What are the machinery requirements for setting up a LED flood light manufacturing plant?
What are the raw material requirements for setting up a LED flood light manufacturing plant?
What are the packaging requirements for LED flood lights?
What are the transportation requirements for LED flood lights?
What are the utility requirements for setting up a LED flood light manufacturing plant?
What are the manpower requirements for setting up a LED flood light manufacturing plant?
What are the capital costs for setting up a LED flood light manufacturing plant?
What will be the income and expenditures for a LED flood light manufacturing plant?
What is the time required to break-even?