Indoor LED lighting market Key Market Dynamics, Drivers, Restraints, Opportunities, Future Trends, and Growth Outlook 2019 to 2026

[Swati Singh]

Indoor LED lighting market is expected to register a healthy CAGR of 10.5% in the forecast period of 2019 to 2026.

A light-emitting diode is a semiconductor diode that emits light on conducting current. It is used in indoor and outdoor lighting, electronic displays among others. In other words, light-emitting diodes are small devices that convert electrical energy into near-UV and visible wavelengths when packaged and connected to an electrical circuit.

They are made from semiconductor materials that are crystals made of two or three elements combined, for instance, gallium indium nitride (GaInN) or gallium phosphide (GaP). These unique combinations of elements have distinctive crystalline structures that can accommodate both holes (positively charged electron vacancies) and electrons (negatively charged), that are separated by a band-gap since they exist at different energy levels.

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Global Indoor LED Lighting Market By Offering (Hardware, Software, Services), Installation Type (New Installation, Retrofit Installation), Wattage Type (Less Than 50 W, 50 W-150 W, More Than 150 W), Application (Commercial, Residential, Automotive), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2026

Segmentation: Global Indoor LED Lighting Market

Global indoor LED lighting market is segmented into four notable segments which are offering, installation type, wattage type and application.

·       On the basis of offering, the market is segmented into hardware, software and services

·       On the basis of wattage type, the market is segmented into less than 50W, 50W-150W and more than 150W

·       On the basis of installation type, the market is segmented into new installation and retrofit installation

·       On the basis of application, the market is segmented into automotive, residential, commercial and others

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Competitive Analysis: Global Indoor LED Lighting Market

Some of the prominent participants operating in this market are Signify Holding, General Electric, OSRAM GmBH, Cree, INC., Eaton , Hubbell, Dialight, Zumbotel., Syska, NEPTUN LIGHT, INC, delviro energy, iGuzzini, SmartRay Inc, Bamford Lighting, Contrac Lighting, interLED, Dextra Group Plc, Astute Lighting Ltd, Sondia Lighting, Ecoled Ltd, among others.

Product Launch

·       In December 2018, OSRAM GMBH announced the launch of the IoT platform for the lighting and building market, which would help in getting the more market share and expansion.

·       In November 2018, OSRAM GMBH announced the launch of Osconiq S3030, Osram Opto Semiconductors, it would be beneficial for OSRAM as it would meet professional demands in general lighting applications.

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Research Methodology: Global Indoor LED Lighting Market

Primary Respondents: OEMs, Manufacturers, Engineers, Industrial Professionals.

Industry Participants: CEO’s, V.P.’s, Marketing/Product Managers, Market Intelligence Managers and, National Sales Managers.

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