LED (LIGHT-EMITTING DIODE) LIGHTING INDUSTRY

The worldwide LED lighting industry is predicted to develop at a 12.5 percent compound annual growth rate (CAGR). Government rebate and retrofit programmes to stimulate the deployment of LED lighting, as well as strict restrictions prohibiting or restricting the use of inefficient lighting technologies, are all contributing to market growth.

LED lighting is more expensive than incandescent, CFL, and halogen lighting, but it has a longer service life and produces more lumens for less wattage. Furthermore, consistently falling LED bulb and luminaire prices, as well as the availability of smart lighting solutions, together with revised energy legislation around the world, are likely to boost market growth. The term “light-emitting diode” refers to a device that emits light.

LED lighting products, such as fluorescent and incandescent lights, produce light 90 percent more efficiently than incandescent light bulbs. About 95% of the energy in LEDs is turned into light, with only 5% wasted as heat, prompting consumers to choose a more energy-efficient lighting option. The market is divided into distinct LED lighting applications, such as indoor and outdoor lighting, as well as sub-applications. The indoor market is divided into four categories: residential, commercial, industrial, and government. The market is further divided into highway and roadway, architectural, and public places in the outdoor segment.

GLOBAL LED BULB INDUSTRY

The worldwide LED bulb market is expected to develop at a steady 9.8% CAGR over the next several years. An LED (light emitting diode) bulb is an electric lamp that consists of many clusters of LEDs set on a base. In comparison to traditional lighting sources such as incandescent and fluorescent lights, LED bulbs offer a slew of benefits, including a smaller footprint, a longer lifespan, lower energy consumption, and lower heat emission. These bulbs are also available in a variety of wattages, colours, and forms, as well as dimmable control. LED bulbs are now widely used in the industrial, commercial, and residential sectors all over the world as a result of this. The global LED bulb industry is expected to increase rapidly in the future, according to the publisher.

LED TUBELIGHT INDUSTRY

With a CAGR of 15.2 percent, the worldwide LED tubelight market grew rapidly. Since its introduction a few years ago, millions of LED tube lights have been installed around the world. Though the LED tube lights have undergone various changes in that relatively short amount of time, we can expect additional changes in the future. One of the most energy-efficient types of linear tube lighting is the light-emitting diode (LED) tube light. These lights are quickly replacing fluorescent tube lights in commercial and residential buildings due to their excellent energy efficiency and longer life.

Unlike fluorescent tubes, which tend to burn out faster when combined with occupancy sensors and other controls, LED tube lights are compatible with all types of control systems. They have a 55-75 times greater life span than standard counterparts, ranging from 50,000 to 100,000 hours. These energy-saving lights come in a variety of colour temperatures and provide optimum light output while saving energy. LED tube lights are lightweight, incredibly durable, and require practically no maintenance or warm-up time due to their unique solid-state construction. Aside from that, they are exceptionally resistant to temperature changes and can maintain their stability even at extremely cold temperatures.

INDIAN LED LIGHTING INDUSTRY

The LED lighting industry in India is developing at a 28.3% CAGR. Over the last few years, LED lights have established themselves as a potent lighting source. They have quickly acquired importance in the Indian lighting sector due to their multiple advantages over traditional lighting technologies. Although the Indian LED lighting business is still in its infancy, it has enormous potential for expansion over the next few decades. India is one of the largest lighting markets in the world, making it an attractive location for LED producers to set up shop. A sustainable environment for the LED industry is provided by skilled labour, ease of doing business, and demographic advantages. LEDs can also be used in headlights, rearlights, turn signals, and brake lights, thanks to the constantly developing automobile industry. Other major variables, such as rising infrastructure investments, rapid growth of street lighting systems, a drop in average LED prices, and many government and forthcoming smart building initiatives, are likely to fuel LED light demand in India.

TOP PLAYERS WORLDWIDE

• Acuity Brands Lighting Inc.
• Bajaj
• Cree Lighting (Ideal Industries Inc.)
• Crompton
• Dialight
• Digital Lumens Inc.
• General Electric Company
• Halonix
• Havells
• HQ Lamps
• Hubbell
• IKEA
• Kichler
• Lamps Plus
• LSI Industries Inc.
• LumiGrow
• Maxim Lighting
• Minka
• Nuvo Lighting
• NVC
• Opple
• Osram
• Panasonic Corporation
• Philips
• Progress Lighting
• Semiconductor Co. Ltd. (Seoul Semiconductor)
• Signify Holding
• Siteco GmbH
• Surya
• Zumtobel Group Ag