Led Tube Light Market shall reach a value of $2x61.4 Million in 2027, growing with a CAGR of 12.13% during the forecast period of 2020 to 2027.
Market Definition / Research Scope
LED Tube Lights is an energy proficient, natural well disposed, and low maintenance product. The numerous focal points of LED tubes over fluorescents is its higher proficiency, energy investment funds up to 30-50%, longer lifetimes (typically 50k hours), and it has no mercury. LED tube lights imitate the mechanical measurements to guarantee that they can be a fluorescent replacement and receive similar structure factor names. Driven lights, then again, work uniquely in contrast to fluorescent lights and donot use a ballast. Many LED tube lights are now allowed as a simple substitute for the fluorescent tube, without rewiring the fixture.
LED Tube Light Market Growth and Trends
LED Tube Light Market Regional Analysis
The eco-friendly standard and the long life span of LED tube-lights are presumed to raise demands in the global market that will propel the LED Tube light market across the globe. The Asia Pacific region is estimated to account for the largest share in the market owing to multiple manufacturers coming up in the region investing in product awareness programs of newly produced LEDs. Europe is expected to boost its market podium with rising demand for LED tube lights for its multiple applications. The Middle Eastern and African market is expected to see rapid growth in the market with the widespread use of LED tube-lights and prevailing regulations about energy consumption in the region.
LED Tube Light Market Share and Competition
Key companies operating in this industry are: Osram, Cree, Philips, LG Electronics, GE Lighting, Hubbell, Cooper, Acuity Brands, Samsung LED, Lighting Science, Feit Electric and Soraa.
LED Tube Light Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2020 – 2027)
• Data breakdown for every market segment (2020 – 2027)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Type Analysis (Revenue, USD Million, 2020 - 2027)
• Up to 5 Inch
• 5-10 Inch
• Above 10 Inch
Application Analysis (Revenue, USD Million, 2020 - 2027)
• Household
• Commercial Building
• Hospital
• Other
Region Analysis (Revenue, USD Million, 2020 - 2027)
• United States
• Canada
• Mexico
• France
• Germany
• Italy
• Spain
• United Kingdom
• Russia
• China
• India
• Philippines
• Malaysia
• Australia
• Austria
• South Korea
• Middle East
• Japan
• Africa
• Rest of World
LED Tube Light Market Companies
• Osram
• Cree
• Philips
• LG Electronics
• GE Lighting
• Hubbell
• Cooper
• Acuity Brands
• Samsung LED
• Lighting Science
• Feit Electric
• Soraa
Available Versions:-
United States LED Tube Light Market Research Report
Europe LED Tube Light Market Research Report
Asia Pacific LED Tube Light Market Research Report
India LED Tube Light Market Research Report
