Global LED Light Engine Industry

Global LED Light Engine Industry

  • April 2021 •
  • 360 pages •
  • Report ID: 6032046 •
  • Format: PDF
Abstract:
- Global LED Light Engine Market to Reach $81 Billion by 2027
- Amid the COVID-19 crisis, the global market for LED Light Engine estimated at US$33.5 Billion in the year 2020, is projected to reach a revised size of US$81 Billion by 2027, growing at aCAGR of 13.4% over the period 2020-2027. Luminaires, one of the segments analyzed in the report, is projected to record 14% CAGR and reach US$49 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 Lamps segment is readjusted to a revised 12.7% CAGR for the next 7-year period.
- The U.S. Market is Estimated at $9 Billion, While China is Forecast to Grow at 17.5% CAGR
- The LED Light Engine market in the U.S. is estimated at US$9 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$18.2 Billion by the year 2027 trailing a CAGR of 17.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9.5% and 11.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 10.6% CAGR.

- Select Competitors (Total 36 Featured) -
  • Ab Fagerhult
  • Acuity Brands, Inc.
  • Cree, Inc.
  • GE Lighting (GE Lighting + Current)
  • Gerard Lighting
  • Glamox AS
  • Halla, A.S.
  • Helvar OY AB
  • Hubbell Incorporated
  • Ideal Industries Inc.
  • LEDrabrands, Inc.
  • Lumitech LLC
  • Lutron Electronics
  • OSRAM GmbH
  • Samsung Electronics Co., Ltd.
  • Signify Holding
  • Zumtobel Lighting GmbH