SAN FRANCISCO, Oct. 1, 2021 /PRNewswire/ — A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled «Light Emitting Diode (LED) Lamps and Fixtures – Global Market Trajectory & Analytics». The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 18; Released: April 2021
Executive Pool: 4583
Companies: 37 – Players covered include Cree, Inc.; Everlight Electronics Co., Ltd.; GE Lighting; LG Innotek; Lumens Co., Ltd.; Lumileds Holding BV; Nichia Corporation; OSRAM Licht AG; Samsung Electronics Co., Ltd.; Seoul Semiconductor Co., Ltd. and Others.
Coverage: All major geographies and key segments
Segments: Product (LED Lamps, and LED Fixtures); End-Use (Residential, Commercial, Industrial, Outdoor, and Architectural)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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Global Light Emitting Diode (LED) Lamps and Fixtures Market to Reach $103.9 Billion by 2026
Amid the COVID-19 crisis, the global market for Light Emitting Diode (LED) Lamps and Fixtures estimated at US$45 Billion in the year 2020, is projected to reach a revised size of US$103.9 Billion by 2026, growing at a CAGR of 14.7% over the analysis period. LED Lamps, one of the segments analyzed in the report, is projected to record a 14.7% CAGR and reach US$43.8 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the LED Fixtures segment is readjusted to a revised 14.8% CAGR for the next 7-year period.
The U.S. Market is Estimated at $13.9 Billion in 2021, While China is Forecast to Reach $22.6 Billion by 2026
The Light Emitting Diode (LED) Lamps and Fixtures market in the U.S. is estimated at US$13.9 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$22.6 Billion by the year 2026 trailing a CAGR of 19.1% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 10.5% and 12.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 11.6% CAGR. More
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SOURCE Global Industry Analysts, Inc.