March 15, 2022 08:43 ET | Source: Research and Markets Research and Markets

Dublin, March 15, 2022 (GLOBE NEWSWIRE) -- The "Global LED Lighting Market, By Type (LED Bulbs and Lamps, Batten Lights, Downlights, Others), By Application (Outdoor Lighting and Indoor Lighting), By Installation Type, By End-Use, By Distribution Channel, By Region, Competition Forecast and Opportunities, 2026" report has been added to ResearchAndMarkets.com's offering. The Global LED Lighting Market valued at USD66.83 billion in 2020 and is projected to grow with a CAGR of 3.73% to reach USD81.09 billion by 2026. An increase in demand for the energy-efficient lighting system, reduction in LED product costs, and ongoing smart city construction projects going around the globe are the major factors driving the growth of the Global LED Lighting Market in the forecast period. High-end investments made by leading authorities in research and development activities to find innovative solutions to lower the cost of LED lighting are creating lucrative opportunities for the growth of the Global LED Lighting Market. Organizations install LED lighting in their office premises to reduce electricity costs as LED lights are highly energy-efficient and consume less energy to provide maximum output.

The growing disposable income of consumers enables them to afford a quality lifestyle and upgrade to adopt the latest technologies for their indoor lighting. Growing internet penetration and proliferation of smart devices and the rise in awareness about using smart connected lighting systems that consumers can control using mobile devices from remote locations is expected to create enormous potential for the Global LED Lighting Market in the forecast period. However, lack of consumer awareness and using LED with incandescent fixtures may hinder the growth of the Global LED Lighting Market in the forecast period. The Global LED Lighting Market can be segmented based on Type, Application, Installation type, End-use, Distribution channel, and region. Based on application, the market is bifurcated into indoor lighting and outdoor lighting. The outdoor lighting is expected to hold the largest market share in the forecast period. The rise in the number of product launches, product innovations, and the increased expenditure by the government on improving the outdoor lighting system is driving the demand for outdoor lighting all over the globe. Signify N.V, Acuity Brands Inc., Osram GmBH, Seoul Semiconductor Co., Ltd., Zumtobel Lighting GmbH, General Electric Co, Fagerhult Group, Hubbell Incorporated, Everlight Electronics Co Ltd., Foshan Electrical & Lighting Co Ltd, Endo Lighting Corp, LSI Industries Inc., FW Thorpe Plc, Havells India Ltd, Dialight plc are the major players operating in the Global LED Lighting Market. Years considered for this report:

Key Topics Covered: 1. Product Overview 2. Research Methodology 3. Impact of COVID-19 on Global LED Lighting Market 4. Executive Summary 5. Voice of Customers 5.1. Reason for Buying LED Bulbs 5.2. Reasons for Replacing Lights Currently in Use 5.3. Consumers View on the Most Valuable Advantage of LED lights 5.4. Price Perception when LED compared to Traditional Lightings 6. Global LED Lighting Market Outlook 6.1. Market Size & Forecast 6.1.1. By Value 6.2. Market Share & Forecast 6.2.1. By Type (LED Bulbs and Lamps, Batten Lights, Downlights, Others) 6.2.2. By Application (Outdoor Lighting, Indoor Lighting) 6.2.3. By Installation Type (Retrofit Installation, New Installation) 6.2.4. By End-Use (Commercial, Residential, Industrial) 6.2.5. By Distribution Channel (Direct Sales, Retail) 6.2.6. By Region (Asia-Pacific, North America, Europe, Middle East & Africa, South America) 6.2.7. By Company (2020) 6.3. Product Market Map 7. Asia-Pacific LED Lighting Market Outlook 8. North America LED Lighting Market Outlook 9. Europe LED Lighting Market Outlook

10. Middle East & Africa LED Lighting Market Outlook 11. South America LED Lighting Market Outlook 12. Market Dynamics 12.1. Drivers 12.2. Challenges 13. Market Trends & Developments 14. Policy & Regulatory Landscape 15. Competitive Landscape 15.1. Competition Outlook 15.2. Company Profiles 15.2.1. Signify N.V. 15.2.2. Acuity Brands Inc. 15.2.3. Osram Licht AG 15.2.4. Seoul Semiconductor Co., Ltd. 15.2.5. Zumtobel Group AG 15.2.6. General Electric Co. 15.2.7. Fagerhult Group 15.2.8. Hubbell Incorporated 15.2.9. Everlight Electronics Co Ltd 15.2.10. Foshan Electrical & Lighting Co Ltd 15.2.11. Endo Lighting Corp 15.2.12. LSI Industries Inc. 15.2.13. FW Thorpe Plc 15.2.14. Havells India Ltd 15.2.15. Dialight plc 16. Strategic Recommendations

For more information about this report visit https://www.researchandmarkets.com/r/e1d4uy