LED is expected to take over the conventional CFL and CCFL lighting market due to advanced features.
PORTLAND, OREGON, UNITED STATES, September 24, 2021 /EINPresswire.com/ — Allied Market Research published a report, titled, “LED Market by Product Type (LED Lamps, LED Fixtures), by Device Configuration (Pinned LED, Chip on Board LED, Surface-mounted LED, Others), by Technology (Basic LED, High Brightness LED, OLED, Ultra Violet LED, Polymer), by End-user (Residential, Commercial, Industrial, Outdoor, Architectural) and by Application (Automotive, General Lighting, Backlighting, Signal & Signage, Others) – Global Opportunity Analysis and Industry Forecast, 2018-2024”. The report provides an extensive analysis of changing market trends, competitive landscape, key segments, top investment pockets, and investment feasibility. These information, data, and statistics will prove to be valuable for leading market players, stakeholders, new entrants, and investors to gain useful insights on the market and adopt necessary strategies.
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The research provides detailed analysis of drivers, restraining factors, and opportunities of the global LED market. These insights would be helpful to know driving forces, emphasize on them, and adopt strategies to achieve growth. In addition, investors, market players, and new entrants can utilize these insights to explore new opportunities, determine the market potential, and achieve competitive edge.
The report offers a detailed impact of the Covid-19 pandemic on the global LED market to help market players, investors, and others to adapt strategies to cope up with the impact.
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The report provides a detailed segmentation of the global LED market based on product type, device configuration, technology, end-user, application and region. Based on product type, it is categorized into LED Lamps, LED Fixtures, based on device configuration, it can be categorized as Pinned LED, Chip on Board LED, Surface-mounted LED and Others. The technology segment is further segmented into basic LED, high brightness LED, OLED, Ultra Violet LED and polymer. The end-user segment is divided into residential, commercial, industrial, outdoor and architectural. The application segment is divided into automotive, general lighting, backlighting, signal & signage and others. An extensive analysis of each segment and sub-segment is offered in the research using tabular and graphical formats. This analysis would be valuable in determining the highest revenue generating and fastest growing segments and adopting various strategies to achieve growth during the forecast period.
The research provides a detailed competitive scenario of the global LED market for each region. Regions analyzed in the study include North America (United States, Canada and Mexico), Europe (Germany, France, the U.K., Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa). The data and statistics are helpful in determining strategies and exploring untapped potential in new markets. AMR also provides customization services for a specific region and segment as per the requirements.
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The report provides a comprehensive analysis of top market players active in the global LED market. The leading market players discussed in the report include Nichia Corporation, Osram GmbH, Lumileds Holding B.V., Seoul Semiconductor, Samsung Electonics, Everlight Electronics, Cree Inc., LG Innotek, Lumens Co., Ltd. and GE Lighting Solutions. They have implemented various strategies such as new product launches, mergers and acquisitions, joint ventures, partnerships, expansion, collaborations, and others to gain sustainable growth and mark international presence.
Key Offerings of The Report:
➢ The report provides a qualitative and quantitative analysis of the current LED market trends, forecasts, and market size to determine new opportunities for next few years to take next steps.
➢ Porter’s Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make strategic business decisions and determine the level of competition in the industry.
➢ Top impacting factors & major investment pockets are highlighted in the research.
➢ Segmental analysis: Each segment analysis and driving factors along with revenue forecasts and growth rate analysis.
➢ Regional Analysis: Thorough analysis of each region help market players devise expansion strategies and take a leap.
➢ Competitive Landscape: Extensive insights on each of the leading market players for outlining competitive scenario and take steps accordingly.
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Highlights of the Report:
➢ Revenue generated by each segment of the LED market by 2024.
➢ Factors expected to drive and create new opportunities in the LED industry.
➢ Strategies to gain sustainable growth of the market.
➢ Competitive landscape of the LED Market.
➢ Region that would create lucrative business opportunities during the forecast period.
➢ Top impacting factors of the LED market.
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Pawan Kumar, the CEO of AMR, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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