Light Emitting Diode (LED) Lamps and Fixtures

Light Emitting Diode (LED) Lamps and Fixtures

Global Light Emitting Diode (LED) Lamps and Fixtures Market to Reach $117.6 Billion by 2027

Amid the COVID-19 crisis, the global market for Light Emitting Diode (LED) Lamps and Fixtures estimated at US$45 Billion in the year 2020, is projected to reach a revised size of US$117.6 Billion by 2027, growing at aCAGR of 14.7% over the period 2020-2027. LED Lamps, one of the segments analyzed in the report, is projected to record 14.7% CAGR and reach US$43.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the LED Fixtures segment is readjusted to a revised 14.8% CAGR for the next 7-year period.

The U.S. Market is Estimated at $12.1 Billion, While China is Forecast to Grow at 19.1% CAGR

The Light Emitting Diode (LED) Lamps and Fixtures market in the U.S. is estimated at US$12.1 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$26.6 Billion by the year 2027 trailing a CAGR of 19.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 10.5% and 12.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 11.6% CAGR.

Select Competitors (Total 46 Featured) -

• Cree, Inc.
• Everlight Electronics Co., Ltd.
• GE Lighting
• LG Innotek
• Lumens Co., Ltd.
• Lumileds Holding BV
• Nichia Corporation
• OSRAM Licht AG
• Samsung Electronics Co., Ltd.
• Seoul Semiconductor Co., Ltd.

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