DUBLIN--(BUSINESS WIRE)--The "LED Lighting Market by Product Type, by Installation Type, by End-Use Application, by Geography - Global Market Size, Share, Development, Growth and Demand Forecast, 2013 - 2023" report has been added to ResearchAndMarkets.com's offering.
The global LED lighting market is likely to reach $70,240 million by 2023, growing at a CAGR of 12.6% during the forecast period.
The continuous fall in LED price has led to positive forecasts for the penetration of LED lighting in several application segments.
Based on product type, luminaire is expected to be the major product type and it is also expected to grow at a faster rate, as compared to the lamp market, during the forecast period. The growth of luminaire market can be attributed to the increasing infrastructural activities across the globe.
Based on installation type, the global LED lighting market is classified into new installation and retrofit, where new installation is expected to contribute higher revenue to the market. However, retrofit installation is expected to register faster growth during 2017-2023. Increased replacement of conventional lamps with energy-efficient light sources, such as LED lamps, is the key factor contributing to the advancement of the market for retrofit installation.
- APAC Stands as the Largest LED Lighting Market
- Increasing Applications in General Lighting Bolsters Market Growth
- Intensity of Rivalry is High in the Global LED Lighting Market
Key Topics Covered
1. Research Background
2. Research Methodology
3. Executive Summary
5. Market Size and Forecast by Product Type
6. Market Size and Forecast by Installation Type
7. Market Size and Forecast by Application
8. Market Size and Forecast by Geography
9. Competitive Landscape
10. Company Profiles
- General Electric Company
- Zumtobel Group AG
- Samsung Electronics Co. Ltd.
- Syska LED Lights Pvt. Ltd.
- Eaton Corporation Plc
- Virtual Extension
- Dialight Plc
- Philips Lighting N.V.
- OSRAM Licht AG
- Cree Inc.
For more information about this report visit https://www.researchandmarkets.com/research/6csglf/led_lighting?w=4