DUBLIN--(BUSINESS WIRE)--The "Global LED Tube Lights Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2018 To 2026" report has been added to ResearchAndMarkets.com's offering.
The global LED Tube Lights market worldwide was valued at US$ 3,705.0 Mn in 2017 and is set to cross US$ 13,000.0 Mn by 2026, growing with a CAGR of 15.2% during the forecast from 2018 to 2026.
The demand for LED tube lights is growing considerably as these tubes offer smooth, constant and clear supply of light and consumes less power. Owing to their long life and higher efficiency these lighting tubes are rapidly replacing traditional fluorescent tube lights in residential and commercial applications.
One of the most prominent factors driving the global LED tube lights market growth is the stringent energy consumption regulations being implemented in all major countries across the world. Moreover, the fact that LED tube lights offer high efficiency is another important factor leading to its increased adoption.
Therefore, these factors are expected to drive the demand for LED tube lights during the forecast period from 2018 to 2026. However, high initial cost of LED tube lights is one of the restraining factors impacting the market growth negatively.
Some major players operating in the global LED tube light industry include
- Koninklijke Philips N.V.
- Cree, Inc.
- LG Electronics Inc.
- GE Lighting
- Hubbell Incorporated
- Cooper Industries
- Samsung LED
- Acuity Brands, Inc.
- Lighting Science Group Corp.
- Panasonic Corp.
- Eaton Lighting
- OSRAM Licht AG
Key Topics Covered:
Chapter 1 Preface
Chapter 2 Executive Summary
Chapter 3 Market Dynamics
Chapter 4 Global LED Tube Lights Market Analysis, By Size
Chapter 5 Global LED Tube Lights Market Analysis, By Application
Chapter 6 North America LED Tube Lights Market, 2016 - 2026
Chapter 7 Europe LED Tube Lights Market, 2016 - 2026
Chapter 8 Asia Pacific LED Tube Lights Market, 2016 - 2026
Chapter 9 Rest of the World LED Tube Lights Market, 2016 - 2026
Chapter 10 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/mcgm77/global_led_tube?w=4
