The architectural LED products market is a rapidly growing industry that has seen significant advancements in recent years. The industry's growth is driven by factors such as increased energy efficiency, longer product lifespan, and enhanced aesthetics. The market has a broad range of applications, including outdoor and indoor lighting, commercial and residential lighting, and specialized lighting for industries such as healthcare and horticulture.
The commercial lighting segment of the architectural LED products market is also expected to see significant growth in the coming years. Commercial lighting solutions such as office lighting, retail lighting, and hospitality lighting have traditionally been provided by fluorescent lighting systems. However, these traditional systems have significant drawbacks such as lower energy efficiency and shorter lifespans than LED lighting systems. LED lighting systems are superior alternatives as they offer energy savings of up to 80%, while also having longer lifespans than traditional systems. The commercial lighting segment of the architectural LED products market is expected to grow at a CAGR of 13% between 2021 and 2026.
The outdoor lighting segment of the architectural LED products market is expected to grow significantly in the coming years. Outdoor lighting solutions such as street lighting, parking lot lighting, and landscape lighting have traditionally been provided by high-pressure sodium (HPS) and metal halide (MH) lamps. However, these traditional lighting systems have significant drawbacks such as high energy consumption and short lifespans. LED lighting systems are superior alternatives as they offer energy savings of up to 50%, while also having longer lifespans than traditional systems. The outdoor lighting segment of the architectural LED products market is expected to grow at a CAGR of 14% between 2021 and 2026.
Read More:
https://knackersblogger.blogspot.com/2023/03/architectural-led-products-market-size.html
Architectural LED Products Market is valued at USD 5.48 Billion in 2018 and expected to reach USD 17.68 Billion by 2025 with the CAGR of 18.2% over the forecast period.Factors such as Increased Lifespan of LED Products, Government Regulations and Decreasing Cost of LED Products are contributing in the market growth.Scope of Architectural LED Products Market is as;Lighting plays a dynamic role in the way people experience and understand architecture.
This Architectural LED Lighting can bring an emotional value to architecture & it helps create an experience for those who live in that space.
Benefits of this Architectural LED lighting are such as Cost Savings, Energy Efficiency- the Green Option, Service Life, Limitless Design Options and many others.Key Players for Global Architectural LED Products Market Reports–PLC (Eaton Corporation), Philips Lumileds Lighting Company., Osram Licht AG., Epistar Corporation., Cree, Inc., Verbatim Ltd., GE Lighting Solutions., Samsung Electronics Co.Ltd., Toshiba Lighting & Technology Corporation., Galaxia Electronics Co. LtdNEWS:Architectural Lighting is Daylighting in an LED World.On 8 June, 2018, The Journal of The American Institute of Architects has released in their news about Architectural Lighting.
Hayden McKay, AIA, a New York–based principal at HLB Lighting Design and leader of the firm’s daylighting and sustainable design studio said that Daylight is the primary source for architecture and It has been over time and it still remains the first thing that should be considered in creating architectural forms and fenestration orientation.The regions covered in this Architectural LED Products Market report are North America, Europe, Asia-Pacific and Rest of the World.
On the basis of country level, market of Architectural LED Products is sub divided into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.Global Architectural LED Products Market Segmentation –By Product Type - Solar, Conventional, LampBy Application - Cove Lighting, Wall Washing, In Ground, Backlight, OtherBy End User - Residential, CommercialGrowing Consumer Inclination towards Luxurious Lifestyle is key factor for driving the Architectural LED Products Market.As there is increasing consumer inclination towards luxurious lifestyle has enhanced the demand for LED lighting products worldwide.
For instance, According to European Commission, a survey conducted by McKinsey on clean technologies in 2011 indicated that 72% of the 4025-people considered LED lighting as the most probable one.
The global Consumer Electronics Mini LED Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2020-2027.
Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the consumer electronics mini led market include AU Optronics Corp., BOE Technology Group Co., Ltd., EPISTAR Corporation, Everlight Electronics Co. Ltd., Foshan NationStar Optoelectronics Co. Ltd., Harvatek Corporation, Innolux Corporation, Japan Display, Inc., Suzhou Dongshan Precision Manufacturing Co. Ltd. (DSBJ), Tianma Microelectronics Co., Ltd. and Unity Opto Technology Co. Ltd.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Consumer Electronics Mini LED Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/consumer-electronics-mini-led-market/download-sampleMarket DynamicsThe market is mainly driven by the rising demand for LED-based TVs, laptops, and smartphones.
In addition, factors such as high dynamic range, power-saving capability, and lower failure rate than traditional LEDs drive the market.
Moreover, technological advancement and the growing adoption of television, and rising disposable income, are expected as significant growth drivers for the market.
