LED Lighting Market
Light-emitting Diode (LED) Lighting Market Forecasts to 2028 - Global Analysis By Product Type (Lamps and Luminaires), Installation (Retrofit and New), Sales Channel (Direct Sales, E-Commerce and Retail/Wholesale), Application (Indoor and Outdoor), End User and By Geography
|
Years Covered |
2020-2028 |
|
Estimated Year Value (2022) |
US $62.4 BN |
|
Projected Year Value (2028) |
US $126.5 BN |
|
CAGR (2022 - 2028) |
12.5% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Fastest Growing Market |
Europe |
According to Stratistics MRC, the Global LED Lighting Market is accounted for $62.4 billion in 2022 and is expected to reach $126.5 billion by 2028 growing at a CAGR of 12.5% during the forecast period. A light-emitting diode (LED) is a semiconductor device that emits light when an electric current is conducted through it. When the current-carrying particles collide with one another inside the semiconductor material, light is created. The amount of energy needed for electrons to pass through semiconductors' band gaps determines the hue of light. A variety of hues, including red, yellow, blue, green, white, purple, bi-color, tri-color, and infrared, can be produced by an LED.
According to the US Department of Energy, by 2027, the widespread use of LEDs could save about 348 TWh (compared to no LED use) of electricity. This is the equivalent of the annual electrical output of forty-four large electric power plants (1,000 megawatts each) and a total savings of more than USD 30 billion considering the current electricity prices.
Market Dynamics:
Driver:
Lucrative features and multiple applications of LED
LED lighting has numerous advantages, including flexible technology, low maintenance, a variety of colours, long-lasting sturdiness, and more. Such elements are accelerating the use of LED lighting in a variety of applications. For instance, the typical estimated lifespan of an LED light bulb is 50,000 hours, compared to 10,000 hours and 1,200 hours for fluorescent and incandescent bulbs, respectively. Additionally, the average LED lamp uses 80% less energy than an incandescent lamp and 50% less than a fluorescent lamp. The usage of LED lights in domestic and commercial applications is growing as a result of improved performance of LED products.
Restraint:
High initial and deployment costs of led lighting system
Light-emitting diode systems have grown in popularity in recent years. However, compared to the current CFL lighting system, the initial cost of a single unit of this sort of diode system is significantly higher. The high cost of the parts employed in this system, including the diodes, transmitters, and capacitors, will have a direct impact on the system's initial selling price. Additionally, home customers cannot afford to install new light emitting diode lights or repair outdated systems, which would significantly restrain the global market.
Opportunity:
Adoption of solar LED lighting in remote areas
Solar LEDs are being used by developing nations in Asia Pacific and Africa to offer electricity in remote areas, which is anticipated to present profitable growth opportunities for market players throughout the forecast period. For instance, the Kenyan government started a US$ 1.2 billion initiative in September 2015 to install LED street lights in Mombasa City, Kenya. However, several communities still do not have adequate electrical infrastructure, therefore there is a large need for LED lighting. These nations' governments should concentrate on importing solar LED lighting equipment at discounted prices.
Threat:
Low awareness related to modern lighting solutions such as LED
Although LED lamps have many advantages, a sizable portion of the public still favors fluorescent lamps. Compared to architectural lighting products, fluorescent lights have a considerably higher overall revenue share. This is due to a lack of knowledge and comprehension about the advantages and benefits of contemporary lighting solutions. Additionally, the adoption of LED lighting will be hampered in the near future, particularly in developing economies like Latin America and Asia Pacific, due to the emergence of low-quality and inexpensive lighting products with short life spans and false beliefs that modern lighting solutions are more expensive than incandescent lamps.
Covid-19 Impact
The COVID-19 pandemic had a bad effect on the world market. Construction sites were subjected to strict lockdowns and temporary suspensions, which decreased demand for LED lighting. Residential project launches have been pushed back, which has driven light sales down. Besides, the disruption in the supply chain, particularly of electronic components, such as drivers and chips, imported from China has impacted the market. However, the introduction of new as well as revamping projects in the second quarter of 2021 saw an increase in building activities, which aided in the steady recovery of the LED lighting market.
The indoor segment is expected to be the largest during the forecast period
The indoor segment is estimated to have a lucrative growth, due to a rise in the demand for effective lighting alternatives to fluorescent and high-intensity discharge bulbs from supermarkets, shopping centres, and retail establishments (HID). Compared to traditional lighting solutions, LED lighting saves more light, produces less heat, and is more affordable. High hospital and educational demand is also anticipated to assist the segment's growth.
The residential segment is expected to have the highest CAGR during the forecast period
The residential segment is anticipated to witness the fastest CAGR growth during the forecast period, due to increasing popularity of LED lighting, which includes small and solid bulbs that emit bright white light at a lower cost than traditional lighting. LED lighting also uses less energy, has a longer lifespan, and provides more brightness. The segment's revenue will also expand as LED lighting is being used in closets, wall and ceiling lighting, office spaces, bathroom lights, shower lights, and reading lights. Furthermore, throughout the forecast period, the segment's revenue growth is anticipated to be aided by the rising popularity of LED lighting due to its security and eco-friendly characteristics.
Region with highest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to rapid infrastructure development activities in developing countries, coupled with increasing initiatives by the government related to energy saving is expected to increase demand for LED lighting. The rising construction sector in China, Japan, and India, as well as the existence of a sizable number of manufacturers operating in these nations with a focus on introducing new products, are factors anticipated to assist the regional market expansion.
Region with highest CAGR:
Europe is projected to have the highest CAGR over the forecast period, owing to the strict government rules and energy efficiency measures. According to EU legislation, the minimum efficiency standard for general service lighting was established at 91 lm/W as of September 2021. The European Union began utilising an A (efficient) to G (inefficient) scale in 2017, and it is hoped that this would enable consumers to make more informed decisions when shopping for energy-efficient electrical products.
Key players in the market
Some of the key players profiled in the LED Lighting Market include Samsung Electronics Co., Ltd., Panasonic Corporation, Heliospectra AB, Zumtobel Group AG, Signify Holding B.V., Nichia Corporation, OSRAM Licht AG, Orient electric Ltd., Syska Led Lights Pvt Ltd., Dialight PLC, Lumileds Holding B.V., Acuity Brands Lighting Inc., General Electric Company, LSI Industries Inc., Semiconductor Co. Ltd., Eaton Corporation
Key Developments:
In March 2022, ams OSRAM agreed to sell its independent and dedicated AMLS (Automotive Lighting Systems GmbH) business to Plastic Omnium (Euronext:
In March 2022, Acuity Brands, Inc. (NYSE: AYI) launched Verjure, a professional-grade horticulture LED lighting solution that offers efficacious and consistent performance for indoor horticulture applications.
In Jan 2022, Signify unveiled a new range of Philips Hue smart lighting products designed to create the perfect ambiance outside and inside the home.On 22 July 2021, OSRAM Licht AG launched a new quantum dot LED lighting named Osconiq E 2835 CRI 90. Osconiq E 2835 CRI 90 has good efficiency even at very high color rendering indices and warm light colors. The product has a color temperature range of 2,200 to 6,500 K with an efficiency of more than 200 lumens per watt. It also provides extra system benefits for luminaire manufacturers.
In June 2021, Syska launched two new LED lighting products: the T5 LED Batten- SSK-SQ2201 (Polycarbonate) and Syska T5 LED Batten (Aluminium) SSK-SQ2201 in India for INR 449 (USD 5.79) and INR 549 (USD 7.08), respectively. These LED lighting products will be beneficial to employees who are working from home through dim lighting. These products will also avoid fire accidents.
In May 2021, Samsung Electronics Co. Ltd. introduced LM301B EVO, its medium-power LED package aimed at improving light efficiencies and color quality in indoor and commercial environments. Samsung's LED lighting package employs its patented flip-chip technology, which provides a light output rating of 235 lm/W and improves the conversion efficiency of the phosphor due to the new reflecting substance inside the packaging.
In March 2021, Lumileds Holding B.V. launched LUXEON SkyBlue, an LED human-centric lighting system in collaboration with BIOS Lighting. Lumileds also offers a circadian lighting system that provides exceptional melanotic ratios at comfortable color temperatures (CCTs), offering 3000K, 3500K, and 4000K, with low power consumption and industry-leading efficiency.
In February 2021, Orient Electric announced the launch of its emergency LED lights solutions which provide backup lighting for up to 4 hours during a power outage. The range includes LED Bulbs, LED Batten, LED Recess Panel, and Bulkhead.
Product Types Covered:
• Lamps
• Luminaires
Installations Covered:
• Retrofit
• New
Sales Channels Covered:
• Direct Sales
• E-Commerce
• Retail/Wholesale
Applications Covered:
• Indoor
• Outdoor
End Users Covered:
• Commercial
• Industrial
• Residential
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global LED Lighting Market, By Product Type
5.1 Introduction
5.2 Lamps
5.3.1 A-type
5.3.2 T-type
5.3.3 Other Lamps
5.3 Luminaires
5.3.1 Decorative
5.3.2 Directional
5.3.3 Downlighting
5.3.4 Other Luminaires
6 Global LED Lighting Market, By Installation
6.1 Introduction
6.2 Retrofit
6.3 New
7 Global LED Lighting Market, By Sales Channel
7.1 Introduction
7.2 Direct Sales
7.3 E-Commerce
7.4 Retail/Wholesale
8 Global LED Lighting Market, By Application
8.1 Introduction
8.2 Indoor
8.3 Outdoor
9 Global LED Lighting Market, By End User
9.1 Introduction
9.2 Commercial
9.3 Industrial
9.4 Residential
9.5 Other End Users
10 Global LED Lighting Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Samsung Electronics Co., Ltd.
12.2 Panasonic Corporation
12.3 Heliospectra AB
12.4 Zumtobel Group AG
12.5 Signify Holding B.V.
12.6 Nichia Corporation
12.7 OSRAM Licht AG
12.8 Orient electric Ltd.
12.9 Syska Led Lights Pvt Ltd.
12.10 Dialight PLC
12.11 Lumileds Holding B.V.
12.12 Acuity Brands Lighting Inc.
12.13 General Electric Company
12.14 LSI Industries Inc.
12.15 Semiconductor Co. Ltd.
12.16 Eaton Corporation
List of Tables
1 Global LED Lighting Market Outlook, By Region (2020-2028) ($MN)
2 Global LED Lighting Market Outlook, By Product Type (2020-2028) ($MN)
3 Global LED Lighting Market Outlook, By Lamps (2020-2028) ($MN)
4 Global LED Lighting Market Outlook, By A-type (2020-2028) ($MN)
5 Global LED Lighting Market Outlook, By T-type (2020-2028) ($MN)
6 Global LED Lighting Market Outlook, By Other Lamps (2020-2028) ($MN)
7 Global LED Lighting Market Outlook, By Luminaires (2020-2028) ($MN)
8 Global LED Lighting Market Outlook, By Decorative (2020-2028) ($MN)
9 Global LED Lighting Market Outlook, By Directional (2020-2028) ($MN)
10 Global LED Lighting Market Outlook, By Downlighting (2020-2028) ($MN)
11 Global LED Lighting Market Outlook, By Other Luminaires (2020-2028) ($MN)
12 Global LED Lighting Market Outlook, By Installation (2020-2028) ($MN)
13 Global LED Lighting Market Outlook, By Retrofit (2020-2028) ($MN)
14 Global LED Lighting Market Outlook, By New (2020-2028) ($MN)
15 Global LED Lighting Market Outlook, By Sales Channel (2020-2028) ($MN)
16 Global LED Lighting Market Outlook, By Direct Sales (2020-2028) ($MN)
17 Global LED Lighting Market Outlook, By E-Commerce (2020-2028) ($MN)
18 Global LED Lighting Market Outlook, By Retail/Wholesale (2020-2028) ($MN)
19 Global LED Lighting Market Outlook, By Application (2020-2028) ($MN)
20 Global LED Lighting Market Outlook, By Indoor (2020-2028) ($MN)
21 Global LED Lighting Market Outlook, By Outdoor (2020-2028) ($MN)
22 Global LED Lighting Market Outlook, By End User (2020-2028) ($MN)
23 Global LED Lighting Market Outlook, By Commercial (2020-2028) ($MN)
24 Global LED Lighting Market Outlook, By Industrial (2020-2028) ($MN)
25 Global LED Lighting Market Outlook, By Residential (2020-2028) ($MN)
26 Global LED Lighting Market Outlook, By Other End Users (2020-2028) ($MN)
27 North America LED Lighting Market Outlook, By Country (2020-2028) ($MN)
28 North America LED Lighting Market Outlook, By Product Type (2020-2028) ($MN)
29 North America LED Lighting Market Outlook, By Lamps (2020-2028) ($MN)
30 North America LED Lighting Market Outlook, By A-type (2020-2028) ($MN)
31 North America LED Lighting Market Outlook, By T-type (2020-2028) ($MN)
32 North America LED Lighting Market Outlook, By Other Lamps (2020-2028) ($MN)
33 North America LED Lighting Market Outlook, By Luminaires (2020-2028) ($MN)
34 North America LED Lighting Market Outlook, By Decorative (2020-2028) ($MN)
35 North America LED Lighting Market Outlook, By Directional (2020-2028) ($MN)
36 North America LED Lighting Market Outlook, By Downlighting (2020-2028) ($MN)
37 North America LED Lighting Market Outlook, By Other Luminaires (2020-2028) ($MN)
38 North America LED Lighting Market Outlook, By Installation (2020-2028) ($MN)
39 North America LED Lighting Market Outlook, By Retrofit (2020-2028) ($MN)
40 North America LED Lighting Market Outlook, By New (2020-2028) ($MN)
41 North America LED Lighting Market Outlook, By Sales Channel (2020-2028) ($MN)
42 North America LED Lighting Market Outlook, By Direct Sales (2020-2028) ($MN)
43 North America LED Lighting Market Outlook, By E-Commerce (2020-2028) ($MN)
44 North America LED Lighting Market Outlook, By Retail/Wholesale (2020-2028) ($MN)
45 North America LED Lighting Market Outlook, By Application (2020-2028) ($MN)
46 North America LED Lighting Market Outlook, By Indoor (2020-2028) ($MN)
47 North America LED Lighting Market Outlook, By Outdoor (2020-2028) ($MN)
48 North America LED Lighting Market Outlook, By End User (2020-2028) ($MN)
49 North America LED Lighting Market Outlook, By Commercial (2020-2028) ($MN)
50 North America LED Lighting Market Outlook, By Industrial (2020-2028) ($MN)
51 North America LED Lighting Market Outlook, By Residential (2020-2028) ($MN)
52 North America LED Lighting Market Outlook, By Other End Users (2020-2028) ($MN)
53 Europe LED Lighting Market Outlook, By Country (2020-2028) ($MN)
54 Europe LED Lighting Market Outlook, By Product Type (2020-2028) ($MN)
55 Europe LED Lighting Market Outlook, By Lamps (2020-2028) ($MN)
56 Europe LED Lighting Market Outlook, By A-type (2020-2028) ($MN)
57 Europe LED Lighting Market Outlook, By T-type (2020-2028) ($MN)
58 Europe LED Lighting Market Outlook, By Other Lamps (2020-2028) ($MN)
59 Europe LED Lighting Market Outlook, By Luminaires (2020-2028) ($MN)
60 Europe LED Lighting Market Outlook, By Decorative (2020-2028) ($MN)
61 Europe LED Lighting Market Outlook, By Directional (2020-2028) ($MN)
62 Europe LED Lighting Market Outlook, By Downlighting (2020-2028) ($MN)
63 Europe LED Lighting Market Outlook, By Other Luminaires (2020-2028) ($MN)
64 Europe LED Lighting Market Outlook, By Installation (2020-2028) ($MN)
65 Europe LED Lighting Market Outlook, By Retrofit (2020-2028) ($MN)
66 Europe LED Lighting Market Outlook, By New (2020-2028) ($MN)
67 Europe LED Lighting Market Outlook, By Sales Channel (2020-2028) ($MN)
68 Europe LED Lighting Market Outlook, By Direct Sales (2020-2028) ($MN)
69 Europe LED Lighting Market Outlook, By E-Commerce (2020-2028) ($MN)
70 Europe LED Lighting Market Outlook, By Retail/Wholesale (2020-2028) ($MN)
71 Europe LED Lighting Market Outlook, By Application (2020-2028) ($MN)
72 Europe LED Lighting Market Outlook, By Indoor (2020-2028) ($MN)
73 Europe LED Lighting Market Outlook, By Outdoor (2020-2028) ($MN)
74 Europe LED Lighting Market Outlook, By End User (2020-2028) ($MN)
75 Europe LED Lighting Market Outlook, By Commercial (2020-2028) ($MN)
76 Europe LED Lighting Market Outlook, By Industrial (2020-2028) ($MN)
77 Europe LED Lighting Market Outlook, By Residential (2020-2028) ($MN)
78 Europe LED Lighting Market Outlook, By Other End Users (2020-2028) ($MN)
79 Asia Pacific LED Lighting Market Outlook, By Country (2020-2028) ($MN)
80 Asia Pacific LED Lighting Market Outlook, By Product Type (2020-2028) ($MN)
81 Asia Pacific LED Lighting Market Outlook, By Lamps (2020-2028) ($MN)
82 Asia Pacific LED Lighting Market Outlook, By A-type (2020-2028) ($MN)
83 Asia Pacific LED Lighting Market Outlook, By T-type (2020-2028) ($MN)
84 Asia Pacific LED Lighting Market Outlook, By Other Lamps (2020-2028) ($MN)
85 Asia Pacific LED Lighting Market Outlook, By Luminaires (2020-2028) ($MN)
86 Asia Pacific LED Lighting Market Outlook, By Decorative (2020-2028) ($MN)
87 Asia Pacific LED Lighting Market Outlook, By Directional (2020-2028) ($MN)
88 Asia Pacific LED Lighting Market Outlook, By Downlighting (2020-2028) ($MN)
89 Asia Pacific LED Lighting Market Outlook, By Other Luminaires (2020-2028) ($MN)
90 Asia Pacific LED Lighting Market Outlook, By Installation (2020-2028) ($MN)
91 Asia Pacific LED Lighting Market Outlook, By Retrofit (2020-2028) ($MN)
92 Asia Pacific LED Lighting Market Outlook, By New (2020-2028) ($MN)
93 Asia Pacific LED Lighting Market Outlook, By Sales Channel (2020-2028) ($MN)
94 Asia Pacific LED Lighting Market Outlook, By Direct Sales (2020-2028) ($MN)
95 Asia Pacific LED Lighting Market Outlook, By E-Commerce (2020-2028) ($MN)
96 Asia Pacific LED Lighting Market Outlook, By Retail/Wholesale (2020-2028) ($MN)
97 Asia Pacific LED Lighting Market Outlook, By Application (2020-2028) ($MN)
98 Asia Pacific LED Lighting Market Outlook, By Indoor (2020-2028) ($MN)
99 Asia Pacific LED Lighting Market Outlook, By Outdoor (2020-2028) ($MN)
100 Asia Pacific LED Lighting Market Outlook, By End User (2020-2028) ($MN)
101 Asia Pacific LED Lighting Market Outlook, By Commercial (2020-2028) ($MN)
102 Asia Pacific LED Lighting Market Outlook, By Industrial (2020-2028) ($MN)
103 Asia Pacific LED Lighting Market Outlook, By Residential (2020-2028) ($MN)
104 Asia Pacific LED Lighting Market Outlook, By Other End Users (2020-2028) ($MN)
105 South America LED Lighting Market Outlook, By Country (2020-2028) ($MN)
106 South America LED Lighting Market Outlook, By Product Type (2020-2028) ($MN)
107 South America LED Lighting Market Outlook, By Lamps (2020-2028) ($MN)
108 South America LED Lighting Market Outlook, By A-type (2020-2028) ($MN)
109 South America LED Lighting Market Outlook, By T-type (2020-2028) ($MN)
110 South America LED Lighting Market Outlook, By Other Lamps (2020-2028) ($MN)
111 South America LED Lighting Market Outlook, By Luminaires (2020-2028) ($MN)
112 South America LED Lighting Market Outlook, By Decorative (2020-2028) ($MN)
113 South America LED Lighting Market Outlook, By Directional (2020-2028) ($MN)
114 South America LED Lighting Market Outlook, By Downlighting (2020-2028) ($MN)
115 South America LED Lighting Market Outlook, By Other Luminaires (2020-2028) ($MN)
116 South America LED Lighting Market Outlook, By Installation (2020-2028) ($MN)
117 South America LED Lighting Market Outlook, By Retrofit (2020-2028) ($MN)
118 South America LED Lighting Market Outlook, By New (2020-2028) ($MN)
119 South America LED Lighting Market Outlook, By Sales Channel (2020-2028) ($MN)
120 South America LED Lighting Market Outlook, By Direct Sales (2020-2028) ($MN)
121 South America LED Lighting Market Outlook, By E-Commerce (2020-2028) ($MN)
122 South America LED Lighting Market Outlook, By Retail/Wholesale (2020-2028) ($MN)
123 South America LED Lighting Market Outlook, By Application (2020-2028) ($MN)
124 South America LED Lighting Market Outlook, By Indoor (2020-2028) ($MN)
125 South America LED Lighting Market Outlook, By Outdoor (2020-2028) ($MN)
126 South America LED Lighting Market Outlook, By End User (2020-2028) ($MN)
127 South America LED Lighting Market Outlook, By Commercial (2020-2028) ($MN)
128 South America LED Lighting Market Outlook, By Industrial (2020-2028) ($MN)
129 South America LED Lighting Market Outlook, By Residential (2020-2028) ($MN)
130 South America LED Lighting Market Outlook, By Other End Users (2020-2028) ($MN)
131 Middle East & Africa LED Lighting Market Outlook, By Country (2020-2028) ($MN)
132 Middle East & Africa LED Lighting Market Outlook, By Product Type (2020-2028) ($MN)
133 Middle East & Africa LED Lighting Market Outlook, By Lamps (2020-2028) ($MN)
134 Middle East & Africa LED Lighting Market Outlook, By A-type (2020-2028) ($MN)
135 Middle East & Africa LED Lighting Market Outlook, By T-type (2020-2028) ($MN)
136 Middle East & Africa LED Lighting Market Outlook, By Other Lamps (2020-2028) ($MN)
137 Middle East & Africa LED Lighting Market Outlook, By Luminaires (2020-2028) ($MN)
138 Middle East & Africa LED Lighting Market Outlook, By Decorative (2020-2028) ($MN)
139 Middle East & Africa LED Lighting Market Outlook, By Directional (2020-2028) ($MN)
140 Middle East & Africa LED Lighting Market Outlook, By Downlighting (2020-2028) ($MN)
141 Middle East & Africa LED Lighting Market Outlook, By Other Luminaires (2020-2028) ($MN)
142 Middle East & Africa LED Lighting Market Outlook, By Installation (2020-2028) ($MN)
143 Middle East & Africa LED Lighting Market Outlook, By Retrofit (2020-2028) ($MN)
144 Middle East & Africa LED Lighting Market Outlook, By New (2020-2028) ($MN)
145 Middle East & Africa LED Lighting Market Outlook, By Sales Channel (2020-2028) ($MN)
146 Middle East & Africa LED Lighting Market Outlook, By Direct Sales (2020-2028) ($MN)
147 Middle East & Africa LED Lighting Market Outlook, By E-Commerce (2020-2028) ($MN)
148 Middle East & Africa LED Lighting Market Outlook, By Retail/Wholesale (2020-2028) ($MN)
149 Middle East & Africa LED Lighting Market Outlook, By Application (2020-2028) ($MN)
150 Middle East & Africa LED Lighting Market Outlook, By Indoor (2020-2028) ($MN)
151 Middle East & Africa LED Lighting Market Outlook, By Outdoor (2020-2028) ($MN)
152 Middle East & Africa LED Lighting Market Outlook, By End User (2020-2028) ($MN)
153 Middle East & Africa LED Lighting Market Outlook, By Commercial (2020-2028) ($MN)
154 Middle East & Africa LED Lighting Market Outlook, By Industrial (2020-2028) ($MN)
155 Middle East & Africa LED Lighting Market Outlook, By Residential (2020-2028) ($MN)
156 Middle East & Africa LED Lighting Market Outlook, By Other End Users (2020-2028) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
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