The Global Light Emitting Diode (LED) Market Report by The Business Research Company covers light emitting diode (led) market drivers and restraints, light emitting diode (led) market size, major players, and the impact of COVID-19 on the light emitting diode (led) market.
The light emitting diode (LED) market consists of sales of light emitting diode (LED) and related services. It is widely used in backlighting of TV, mobile phones, automotive lighting and display boards. A light emitting diode (LED) emits light as electrical current passes through it. LEDs are very small, consumes less electric power and can emit lights of different colors based on the semiconductor used in it.
The increased government focus on saving energy contributed to the growth of the light emitting diode (LED) market. LED lamps are more efficient in terms of energy consumption and provides high luminous intensity.
The global light emitting diode (LED) market is expected to grow from $71.25 billion in 2020 to $78.29 billion in 2021 at a compound annual growth rate (CAGR) of 9.9%.The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $124.7 billion in 2025 at a CAGR of 12%.
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Some light emitting diode (led) market trends include Production of LEDs specifically for horticulture. Light plays an important role in promoting the plant’s growth and LEDs have the capability to control the spectrum of the light provided to the plants irrespective of the season. The LED lights used in horticulture not only promotes growth of the fruits and plants but also enhances flavor, color and yields in a shorter time.
Global light emitting diode (led) market segments include:
1) By Product Type: LED Lamps, LED fixtures.
2) By Technology: Basic LED, High Brightness LED, OLED, Polymer, Ultra violet LED.
3) By End-user: Residential, Commercial, Industrial.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Light Emitting Diode (LED) Global Market Report 2021: COVID 19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides light emitting diode (led) market overviews, analyzes and forecasts market size, share, light emitting diode (led) market players, light emitting diode (led) market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The light emitting diode (led) market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Light Emitting Diode (LED) Global Market Report 2021: COVID 19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: OSRAM Licht AG, Cree, Inc. , Phillips Lighting Holding, Lumiled holding B.V, Cooper Industries, Virtual Extension, Dialight plc , Zumtobel Group AG, Samsung, Sharp Corporation, LG Innotek, General Electric Company, everylight electronics, Nichia Corporation, Broadcom Inc., Toyota Motor Corporation (Japan), Mercedes-Benz (Germany), Plessey Semiconductors Ltd., Seoul Semiconductor Co. Ltd., Moritex Corporation, STMicroelectronics, Texas Instruments, Inc., ROHM Semiconductors, Seoul Semiconductor Co. Ltd.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Light Emitting Diode (Led) Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Light Emitting Diode (Led) Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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