Global Architectural LED Products Industry

Global Architectural LED Products Industry

  • April 2021 •
  • 297 pages •
  • Report ID: 5899040 •
  • Format: PDF
Abstract:
- Global Architectural LED Products Market to Reach $22.2 Billion by 2027
- Amid the COVID-19 crisis, the global market for Architectural LED Products estimated at US$7.8 Billion in the year 2020, is projected to reach a revised size of US$22.2 Billion by 2027, growing at a CAGR of 16.2% over the analysis period 2020-2027. Wall Washing, one of the segments analyzed in the report, is projected to record a 16.1% CAGR and reach US$8.9 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the In Ground segment is readjusted to a revised 17% CAGR for the next 7-year period.
- The U.S. Market is Estimated at $2.1 Billion, While China is Forecast to Grow at 21% CAGR
- The Architectural LED Products market in the U.S. is estimated at US$2.1 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$5.1 Billion by the year 2027 trailing a CAGR of 20.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11.6% and 14.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 12.8% CAGR.
- Cove Lighting Segment to Record 16.6% CAGR
- In the global Cove Lighting segment, USA, Canada, Japan, China and Europe will drive the 15.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.5 Billion in the year 2020 will reach a projected size of US$4.2 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$3.4 Billion by the year 2027, while Latin America will expand at a 18.4% CAGR through the analysis period.

- Select Competitors (Total 57 Featured) -
  • Cree, Inc.
  • Eaton Corporation PLC
  • Epistar Corporation
  • Galaxia Electronics Corporation
  • GE Lighting
  • Osram Licht AG
  • Philips Lumileds Lighting Company
  • Samsung Electronics Co., Ltd.
  • Toshiba Lighting & Technology Corporation
  • Verbatim GmbH