DUBLIN--(BUSINESS WIRE)--The "LED Bulb Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.
The global LED bulb market reached a value of US$ 6.7 Billion in 2020.
Companies Mentioned
- Nichia
- Osram
- Samsung Electronics
- Everlight Electronics
LED (light emitting diode) bulb refers to an electric lamp comprising of numerous clusters of LEDs which are mounted on a base. In contrast with the conventional lighting sources, such as incandescent and fluorescent lights, LED bulbs are associated with innumerable advantages which include a compact size, longer lifespan, lower energy consumption and production of less heat output. Additionally, these bulbs are available in different watts, colours, shapes and dimmable control. On account of this, LED bulbs are being commonly used in the industrial, commercial and residential sectors worldwide. Looking forward, the publisher expects the global LED bulb market to exhibit strong growth during the next five years.
Currently, power consumption has been witnessing an increase across the world. The high rate of power consumption can be attributed to a rise in population worldwide, steep subsidies for electrical power by several countries and limited attempts to rationalise the consumption. Mounting consumption of electricity, however, has not been supplemented by adequate electricity production which is leading to a power crisis. Owing to this, there is a strong demand for energy-efficient products such as LED bulbs.
Manufacturers are undertaking unique marketing initiatives through various advertising mediums such as newspaper, television, etc. so as to expand their consumer-base. In addition to this, constant encouragement by government and other regulatory bodies, coupled with rising product awareness amongst the population is anticipated to impel the market growth.
Over the past few years, there has been a growing trend of promoting environmental protection and energy conservation. For instance, governments in some of the markets, such as China, India, etc., have been encouraging the use of LED lights in their respective countries. As a result, LED bulbs have emerged as one of the major energy-efficient lighting solutions which is envisaged to drive the market forward in the coming years.
LED bulbs are widely used in automotive, general lighting, mobile devices, signal and signage, healthcare, forensic, street lighting and academics. On account of rapid urbanisation and industrialisation in the developing countries, we expect the demand for LED bulbs to increase across various end-use industries in the long run.
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 bulb market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global LED lighting industry?
- What are the key regional markets in the global LED lighting industry?
- What are the major application segments 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 bulb industry and who are the key players?
- What is the degree of competition in the global LED bulb industry?
- What are the profit margins in the global LED bulb industry?
- What are the key requirements for setting up a LED bulb manufacturing plant?
- How are LED bulbs manufactured?
- What are the various unit operations involved in a LED bulb manufacturing plant?
- What is the total size of land required for setting up a LED bulb manufacturing plant?
- What are the machinery requirements for setting up a LED bulb manufacturing plant?
- What are the raw material requirements for setting up a LED bulb manufacturing plant?
- What are the packaging requirements for LED bulb?
- What are the transportation requirements for LED bulb?
- What are the utility requirements for setting up a LED bulb manufacturing plant?
- What are the manpower requirements for setting up a LED bulb manufacturing plant?
- What are the infrastructure costs for setting up a LED bulb manufacturing plant?
- What are the capital costs for setting up a LED bulb manufacturing plant?
- What are the operating costs for setting up a LED bulb manufacturing plant?
- What will be the income and expenditures for a LED bulb manufacturing plant?
- What is the time required to break-even?
Key Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global LED Lighting Industry
6 Performance of Key Regions
7 Market by Application
8 Competitive Landscape
8.1 Market Structure
8.2 Market Breakup by Key Players
9 LED Bulb Manufacturing Process
10 Project Details, Requirements and Costs Involved
11 Loans and Financial Assistance
12 Project Economics
13 Key Player Profiles
For more information about this report visit https://www.researchandmarkets.com/r/21gn56
