DUBLIN--(BUSINESS WIRE)--The "LED Panel Light Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.
The global LED panel light market reached a value of US$ 18.6 Billion in 2020.
LED panel light is a type of lighting fixture that is highly energy efficient and cost-effective, long-lasting, gives uniform light output, and requires less maintenance. Owing to these advantages, it is rapidly replacing conventional fluorescent ceiling lights and is considered one of the best lighting alternatives for indoor settings.
Due to good structural design for heat dissipation and light emitting on sides, LED panel lights can disperse heat quickly which helps to extend their life span. Nowadays, the demand for these lights is high across the globe as they are available in various shapes, sizes and designs that are suitable for offices and conference rooms, hotels and restaurants, showrooms and malls, hospitals and laboratories, and educational institutes.
Unlike fluorescent light fixtures, LED panel lights have no-restrike delays and can start instantly and can be easily installed in fast retrofitting situations. Apart from this, these lights are rapidly gaining preference in highly controlled environments owing to their advanced features including dimmability, remote plug and play drivers, maintained three hours emergency options, compatibility with building controls, motion sensors and timers. They are also being considered as a green alternative to traditional light fixtures as they are constructed with non-hazardous materials such as high-grade extruded aluminum and steel which have no disposal issues. Owing to these benefits, governments of various nations are also encouraging the use of LED panel lights to conserve energy and promote environmental protection.
Moreover, with the advancements in the LED technology, manufacturers have launched LED products in new color variants, which is further contributing to their demand. Looking forward, the publisher expects the global LED panel light market to exhibit strong growth during the next five years.
Some of the leading players operating in the market are:
- Nichia
- Osram
- Samsung Electronics
- Everlight Electronics
- LG Innotek
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 panel 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 has been the impact of COVID-19 on the global LED lighting industry?
- Which are the key application areas 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 LED lighting industry?
- What are the key requirements for setting up a LED panel light manufacturing plant?
- How is LED panel light manufactured?
- What are the various unit operations involved in a LED panel light manufacturing plant?
- What is the total size of land required for setting up a LED panel light manufacturing plant?
- What are the machinery requirements for setting up a LED panel light manufacturing plant?
- What are the raw material requirements for setting up a LED panel light manufacturing plant?
- What are the packaging requirements for LED panel light?
- What are the transportation requirements for LED panel light?
- What are the utility requirements for setting up a LED panel light manufacturing plant?
- What are the manpower requirements for setting up a LED panel light manufacturing plant?
- What are the capital costs for setting up a LED panel light manufacturing plant?
- What will be the income and expenditures for a LED panel light manufacturing plant?
- What is the time required to break-even?
For more information about this report visit https://www.researchandmarkets.com/r/flxcb8
