Architectural LED Products Market Analysis And Demand With Forecast Overview ToPosted by rohit on February 11th, 2020 Market Overview An LED light bulb or lamp is an electric light that is primarily used in light fixtures by using one or more light-emitting diodes. LED lamps are energy-efficient, have a longer lifespan, and use only a fraction of energy as compared to equivalent incandescent lamps. LED lights emit around 90% lesser heat than incandescent lamps. In the recent past, the prices of architectural LED products have decreased significantly, which in turn, has increased its adoption for various applications. In architectural lighting, both technology and art are used to attain aesthetically pleasant lighting and energy-efficient lighting. The architectural lighting is done for commercial as well as residential projects. According to Coherent Market Insights’ analysis, the average selling price of LED products declined by 20% in 2014. The global architectural LED products market is estimated to account for US$ 8,067.3 Mn in terms of value by the end of 2019 Request Sample Copy of this Report @https://www.coherentmarketinsights.com/insight/request-sample/3352 Market Dynamics Reduction in overall energy consumption in LED lights as compared to traditional lamps, and increasing utilization of lighting as a service (LaaS), is expected to propel the demand for architectural LED products over the forecast period. In addition, increasing numbers of initiatives are taken by the central government of many countries such as India, China, for implementation of LED lamps for the household and commercial applications, is further expected to attribute the demand for architectural LED products over the forecast period. For instance, in January 2015, the Indian government launched Unnat Jyoti by Affordable LEDs for All (UJALA) program and LED Street Lighting National Programme (SLNP) program, for increasing adoption of energy-efficient lighting across the country. Moreover, according to the Ministry of Power, under the SLNP program over 1.03 core smart LED streetlights have been installed, by January 2020. Detailed Segmentation:
Request For Customization @ https://www.coherentmarketinsights.com/insight/request-customization/3352 Competitive Section Key companies operating in the global architectural LED products market are Epistar Corporation, GE Lighting LLC, Galaxia, Cree Inc., Cooper Industries PLC, Signify N.V., Philips Lumiled Lighting Company LLC, Verbatim Ltd., Osram Licht AG, Toshiba Lighting & Technology Corporation, and Samsung Electronics. About Coherent Market Insights: Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity. Contact Us: Mr. Shah Coherent Market Insights 1001 4th Ave, #3200 Seattle, WA 98154 Tel: +1-206-701-6702 Like it? Share it! More by this author |