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New York, October 21, 2021/PRNewswire/-"LED Industrial Lighting Market Segmented by Product (Lamps and Luminaires), Type (Lamps and Luminaires), and Geography (Asia Pacific, Europe, North America, South America, and MEA)" -Forecast and Analysis 2021-2025" report has been added to Technavio's products. With ISO 9001:2015 certification, Technavio is proud to work with more than 100 Fortune 500 companies for more than 16 years.
The potential growth difference of the LED industrial lighting market from 2021 to 2025 is US$1.44 billion. To get the exact annual growth difference and YOY growth rate, please consult our analysts.
The phasing out of halogen lamps, incandescent lamps, fluorescent lamps and hidden lamps and the demand for LED lighting in hazardous areas are some of the key market drivers. However, factors such as the high cost of implementing LEDs will challenge market growth.
Learn about other key drivers, trends and challenges available to Technavio. Check out our free sample report now!
During the forecast period, the Asia-Pacific region will become the leading region, accounting for 51% of market growth. China and Japan are the main markets for the LED industrial lighting market in the Asia-Pacific region.
Check out our sample report to accurately predict the contribution of all market segments and regional opportunities in the store.
Related report: General lighting market-The general lighting market is expected to grow by USD 39.06 billion in 2021-2025, with a compound annual growth rate of 6.40%. Download the free sample report now! Lighting market-The lighting market has the potential to grow by USD 16.32 billion from 2021 to 2025, and the market growth momentum will accelerate at a compound annual growth rate of 3.36%. Download the free sample report now!
LED industrial lighting market scope
Decelerate at a compound annual growth rate of more than 5.94%
Asia Pacific, Europe, North America, South America and MEA
China, the U.S., Japan, Germany, and the U.K.
Leading company, competitive strategy, scope of consumer participation
Acuity Brands Inc., Bridgelux Inc., Cree Lighting, Dialight Plc, Eaton Corp. Plc, Hubbell Inc., Koninklijke Philips NV, OSRAM GmbH, Wipro Ltd., and Zumtobel Group AG
Mother market analysis, market growth incentives and obstacles, fast-growing and slow-growing market segments, COVID-19 impact and future consumer dynamics, and market conditions during the forecast period.
If our report does not contain the data you are looking for, you can contact our analysts and customize the market segment.
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