The article cited AMA's "Global Office LED Lamps Market Study" explored CAGR of %. According to the report, Advancement in Lighting Technology is one of the primary growth factors for the market. Rise In Demand for LED Lighting Driven By the Modernization and Development of Infrastructure Such as Smart Cities
is also expected to contribute significantly to the Office LED Lamps market. Overall, Decoration
applications of Office LED Lamps, and the growing awareness of them, is what makes this segment of the industry important to its overall growth.
AMAs Analyst on the Global Office LED Lamps market identified that the demand is rising in many different parts of the world as "Development of Wireless Technology for LED Lighting Systems". Furthermore, some recent industry insights like "On Sep 2018, energy intensive and inefficient halogen light bulbs will no longer be sold across the European Union. As a result of these rules, European consumers will be able to save on their household bills and, by addressing this at EU level. The halogen bulbs will be replaced by LED-lightbulbs, which due to innovation have become safer, more affordable, and more energy efficient. The new measures will not apply to products that are already on the shelves in stores, but only to place new products on the market." is constantly making the industry dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Office LED Lamps market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2018 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Office LED Lamps market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Office LED Lamps market size is calculated using market estimation process, the Office LED Lamps market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Office LED Lamps market size has been validated using both top-down and bottom-up approaches.