Information Technology & Telecommunication / LED Module Market - Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions And By Key Players: Osram, Philips Lighting, Cree, GE Lighting
LED Module Market - Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Osram, Philips Lighting, Cree, GE Lighting
Acknowledging the kind of traction gained by this market, Industry Data Analytics recently published a study report asserts the global LED Module Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 12.6% during the review period (2022 to 2027).
LED Module Market Overview
LED Module is highly functional yet small-sized devices have seen extensive usage not only in lighting applications but also for display screens & signage globally. Thus, they are majorly considered for outdoor installations owing to their robustness against harsh environmental conditions that include intense vibrations, high humidity levels accompanied by extreme temperatures during daytime compared with conventional luminaires that are susceptible to these factors resulting in frequent faults.
The progress of LED modules is attributed to the growing demand for smart lighting solutions. With the integration of LED modules into traditional lights, residential and commercial establishments are able to monitor their electricity usage on regular basis by connecting them with cloud-based platforms or mobile apps, which in turn results in a reduction of power wastage.
Who are the Major Players in LED Module Market?
Top Key players in the LED Module Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global LED Module Market is fragmented with a large number of small players operating worldwide. The companies referred in the market research report includes Osram, Philips Lighting, Cree, GE Lighting, Seoul Semiconductor, Panasonic, Nichia, JF, Acuity Brands, Samsung, LG Innotek, Eaton, Toshiba, Toyoda Gosei, Opple, Yankon, Edison Opto Corporation and others.
Recent Developments:
Aug 2018: Cree, Inc. (Nasdaq: CREE) announces the XLamp® XP-G3 S Line LED, an extension of the industry-leading XLamp XP-G3 LED that is optimized for the connected lighting future. With the XP-G3 S Line, Cree delivers high-power LED technology optimized for long-lifetime, high-power general lighting applications where sensors and the internet of things (IoT) are becoming common, such as commercial indoor, parking, industrial and roadway.
What are the major Applications, Types and Regions for LED Module Market?
LED Module Market is segmented based on the type, applications, companies and regions.
By Type, LED Module Market has been segmented into
Low power (0.3W below)
Middle power (0.3-0.5W)
High power (1W and above)
The end user’s industry application on LED Module Market is,
Commercial
Residential
Industrial
Regional Analysis:
North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan, and the Middle East and Africa are the regions in which the LED modules and light engines market can be divided. Due to the adoption of LEDs and applications including LEDs for a common utility purpose by multiple industries, the LED modules and light engines market in North America is likely to dominate throughout the forecast period. Because of a dearth of producers and a difficult technology, Europe, following North America, expects a slower growth rate in the LED modules and light engines industry.
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Rest of the World
Middle East & Africa
Latin America
What is our LED Module Market report scope?
Report Attributes
Report Details
Forecast Period 2022 to 2027 CAGR
CAGR of 12.6% during the review period (2022 to 2027).
By Type
Low power (0.3W below)
Middle power (0.3-0.5W)
High power (1W and above)
By Application
Commercial
Residential
Industrial
By Companies
Osram, Philips Lighting, Cree, GE Lighting, Seoul Semiconductor, Panasonic, Nichia, JF, Acuity Brands, Samsung, LG Innotek, Eaton, Toshiba, Toyoda Gosei, Opple, Yankon, Edison Opto Corporation and others.
Regions Covered
North America
Europe
Asia-Pacific
Rest of the World
Countries Covered
US
Canada
Germany
France
UK
Italy
Spain
Rest of Europe
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East & Africa
Latin America
Base Year
2022
Historical Year
2017 to 2021
Forecast Year
2022 to 2027
Number of Pages
121
Customization Available
Yes, the report can be customized as per your needs
Key Takeaways from this LED Module Report
Evaluate LED Module market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
Understand the different dynamics influencing the market - key driving factors, challenges and hidden opportunities.
Get in-depth insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
Analyze the sales and distribution channels across key geographies to improve top-line revenues.
Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
Get a quick outlook on the LED Module market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.
Frequently Asked Questions
What is the study period of this market?
The LED Module Market is studied from 2017 - 2027.
What is the growth rate of LED Module Market?
The LED Module Market is growing at a CAGR of 12.6% over the next 5 years.
Who are the leading key players in LED Module Market?
Osram, Philips Lighting, Cree, GE Lighting, Seoul Semiconductor, Panasonic, Nichia, JF, Acuity Brands, Samsung, LG Innotek, Eaton, Toshiba, Toyoda Gosei, Opple, Yankon, Edison Opto Corporation and others.
What regions regions does this LED Module Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of LED Module Market?
Low power (0.3W below), Middle power (0.3-0.5W), High power (1W and above)
What are the significant Applications of LED Module Market?
Commercial, Residential, Industrial
All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
SECONDARY RESEARCH Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.