Global High Power LED Market is Set to Reach USD 17,985.3 million by 2024, Observing a CAGR of 5.4% during 20192024: VynZ Research

2019-10-21 04:06:33

(MENAFN- iCrowdNewsWire) Oct 21, 2019

The globalhigh power LED marketis expected to grow at a CAGR of 5.4% during the forecast period with its market size predicted to reach USD 17,985.3 million by 2024.

Industry Insights by Wattage (12.9 W, 34.9 W, 510 W, >10 W), Application (General Lighting, Automotive, Signs & Signals, Backlighting, Others)

Globally, high power LED industry players are leveraging market growth through offering new LED lighting products. For example, in May 2019, Lumileds Holdings B.V. launched two new additions to its LUXEON chip on board (COB) LED family, such as the LUXEON COB Core Range and the LUXEON COB with CrispWhite Technology. These two COB product ranges can offer a minimum of 95 color rendering index (CRI) for the applications, such as indoor and retail lighting.

Get a free copy of sample report:https://www.vynzresearch.com/semiconductor-electronics/high-power-led-market/request-sample

34.9 W category held largest share in the high power LED market in 2018

On the basis of wattage, the high power LED market is classified into 12.9 W, 34.9 W, 510 W, and >10 W, wherein 34.9 W category held largest revenue share in the market in 2018. The growth of this segment is attributed towards huge adoption of high power LED lights in automotive, in general, and sign and signal lighting applications.

Geography Insight

Geographically, Asia-Pacific has accounted for the largest share in high power LED market, globally and is predicted to grow significantly during the forecast period. The growth of this market is attributed towards the rising demand for energy-saving and eco-friendly lighting products in application areas, such as railways, roads, and buildings.

Competitive Insight

Some of the key players operating in the global high power LED market are Samsung Electronics Co. Ltd., Cree Inc., Seoul Semiconductor Co. Ltd., LG Innotek Co. Ltd., Broadcom Inc., Epistar Corporation, Everlight Electronics Co. Ltd., and MLS Co. Ltd.

Do you have any specific research requirements? Ask for customization: https://www.vynzresearch.com/semiconductor-electronics/high-power-led-market/customize-report

Primary Research

In the primary data collection process, there are several sources interviewed in order to obtain precise quantitative and qualitative information for this study. The primary sources those are included for the data collection of this study comprises of manufacturers, commercial growers, industry consultants and others key industry experts. There are several others sources that helped in gaining insightful information about this market are CEOs, marketing and sales directors, vice presidents, and key opinion leaders from various key companies operating in the global high power LED market. Primary research in this report has been conducted for estimating market size, market dynamics and strategies adopted by the key players in this market.

Secondary Research

Secondary sources referred for this research report includes association for high power LED, business filings such as financial statements, annual reports, investor presentations and trade associations. The secondary data has been used for estimating the overall market size and growth of the high power LED market that has been authenticated with the supporting facts gathered through primary data collection.

The Report Offers:

Historical market estimate for the years 20142018 and forecast for the years 20192024

Insight on current market trends, market dynamics, key opportunities and major challenges in the industry

Market insights by in-depth segmentation with industry dynamics.

Competitive analysis and benchmarking of the industry leaders and their product offerings

Profiles of leading players and innovators, their financial overview and product portfolio

Analysis of key industry trends and recent developments

Value chain analysis and distribution channel analysis with opportunity assessment

Market share analysis of major players

Benefits of Report Purchase from VynZ:

Detailed Research

We provide accurate data and in-depth analysis with all-inclusive coverage.

Robust Research Methodology

Robust research methodology and data triangulation to ensure high-quality reports.

Analyst Support

24*7 analyst support Pre and post-purchase of the report as well as during the project tenure.

Sales Support

24*7 sales support Hassle-free delivery of the report and quick response and support by the sales team.

Free Customization

20% post-purchase free customization to meet your requirements.

Customer Satisfaction

We claim full customer satisfaction as our core values lie in building long term relationships.

Security

High level of data security and confidentiality of your information.

Global High Power LED Market Coverage

Wattage Insight and Forecast 2014-2024

12.9 W

34.9 W

510 W

>10 W

Application Insight and Forecast 2014-2024

General Lighting

Automotive

Signs & Signals

Backlighting

Others

Geographical Segmentation

High Power LED Market by Region

North America

By Wattage

By Application

By Country U.S., Canada, and Mexico

Europe

By Wattage

By Application

By Country Germany, U.K., France, Italy, Spain, and Rest of Europe

Asia-Pacific (APAC)

By Wattage

By Application

By Country China, Japan, India, South Korea, Australia, and Rest of Asia-Pacific

Rest of the World (RoW)

By Wattage

By Application

By Country Brazil, Saudi Arabia, South Africa, and Other Countries

More from VynZ Research

Global Commercial Refrigeration Equipment Market Analysis and Forecast to 2024

The globalcommercial refrigeration equipment marketis expected to grow at a CAGR of 6.4% during the forecast period with its market size predicted to reach USD 64.0 billion by 2024. The global commercial refrigeration market is anticipated to be driven by factors such as the increasing demand for ready-to-eat food and the mounting number of organized retail shops.

Explore more at:https://www.vynzresearch.com/semiconductor-electronics/commercial-refrigeration-equipment-market

Global Smart Lighting Market Analysis and Forecast to 2024

The globalsmart lighting marketwas valued at USD 6.7 billion in 2017 and is expected to witness a CAGR of 22.2% during the forecast period (2018 2024). The growth of this market is attributed to the extensive adoption of innovative technologies or instance strong intelligent systems, IoT, real-time monitoring of illumination and technological advancement in connected lighting. Moreover, increasing awareness towards the conservation of energy is the major factor driving the growth of the smart lighting market, globally.

Explore more at:https://www.vynzresearch.com/semiconductor-electronics/smart-lighting-market

Global Hospital Lighting Market Analysis and Forecast to 2024

The globalhospital lighting marketis expected to be valued at USD 9.1 billion by 2024, is expected to witness CAGR of 10.7% during the forecast period (2018 2024). Lighting is observed to play significant role in the infrastructure of healthcare domain as it is widely implemented in ICU, wards, operation theatres and other settings in the hospital. The manufacturers of lighting are rapidly innovating products that enables efficiency and low cost. The extensive growth of the market is attributed towards increasing demand for suitable lighting in the hospital to relax the patients at the time of treatment and enable improved vision and enhancing the productivity of hospital staff.

Explore more at:https://www.vynzresearch.com/semiconductor-electronics/hospital-lighting-market

About VynZ Research

VynZ Research is amarket research firmoffering research, analytics, and consulting services on business strategies. The company focuses on providing valuable insights on various technology verticals such as Chemicals, Automotive, Transportation, Energy, Consumer Durables, Healthcare, ICT and other emerging technologies. VynZ Research assists enterprises to take strategic decisions for helping their businesses to grow. The reports developed by VynZ are based on market facts that includes comprehensive analysis and quantification of market drivers, industry dynamics, opportunities, challenges, threats, market shares and anticipated new trends & technologies arising across wide range of industries.

Contact Us:

VynZ Research

Call: +91-996-028-8381

Toll Free (U.S. and Canada): +1-888-253-3960

Email:[email protected]

Web:https://www.vynzresearch.com

Connect with Us: LinkedIn | Facebook | Twitter