What is Filament LED Bulb?
A filament LED bulb is a light that is designed similar to the traditional incandescent light bulb that has observable filaments for both lightings and artistic purposes. These bulbs produce their light through LED filaments that are a series of connected strings of diodes that resemble the filament of an incandescent light bulb. These bulbs have the advantage of visual purpose while also having the effectiveness of LEDs. These types of lights are widely used for their appearance in residential and commercial purposes.
The market study is broken down, by Application (Residential (Apartments, Bungalow, Others), Commercial (Hotels, Restaurant, Offices, Others) and Others) and major geographies with country level break-up.
The market for the filament led bulb is fragmented with the presence of many players. Leading players can adopt strategies like a merger, acquisition, expansion, new product launch, in order to gain share within the market. Owing to booming industrialization & urbanization, there are growing prospects for new players to enter the market. Analysts at AMA Research estimates that Vendors from India will contribute to the maximum growth of Global Filament LED Bulb market throughout the predicted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
General Electric Company (United States), FACTORYLUX (United Kingdom), MEGAMAN (Germany), Havells India Limited (India), AXP Lighting (United States), Koninklijke Philips N.V. (Netherland), OSRAM GmbH (Germany), UKLED (United Kingdom), SimplyLED (United Kingdom) and Flux Smart Lighting(United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Magik LED (India), DIGITECH LIGHTS (India), S. R. Industries. (India), Feit Electric (United States) and Inava Instrument International. (India).
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Filament LED Bulb market by Type, Application and Region.
On the basis of geography, the market of Filament LED Bulb has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Power Rating, the sub-segment i.e. 25 Watt will boost the Filament LED Bulb market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Shape, the sub-segment i.e. Round will boost the Filament LED Bulb market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Color, the sub-segment i.e. Warm White will boost the Filament LED Bulb market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
In September 2019, Koninklijke Philips N.V., a manufacturer of electronic products launched Edison-style bulbs which appear to have a swirling filament exposed inside their clear glass housing, creating a much more stylish look than a traditional LED bulb. and In January 2020, LIFX, a manufacturer of smart home products launched retro 'Edison' smart bulbs that can be connected to home Wi-Fi networks and then can be controlled through the company's app or can use Google Assistant/Alexa.
Market Trend
- Demand For Cross Filament LED Bulbs owing to Centre of Light
- Filament LED Bulbs with Bluetooth and Wi-Fi Connectivity
Market Drivers
- Growing Demand for Filament LED Bulbs in Residential Sector owing to High Durability and Energy Efficiency
- Increasing Demand for Filament LED Bulbs in Commercial Sector due to Low Carbon Dioxide Emission and Less Poisonous Elements
Opportunities
- Growing Demand from Bars and Restaurants as a Decorative and Attractive Purpose
Restraints
- Shorter Life Span as Compared to Traditional LED Lights
- Excessive Heat to Filament LED Bulbs May Damage Light Emitting Diodes
Challenges
- Unfit For Smart Lighting Designs as Compare to Traditional LED Lights
Key Target Audience
Filament LED Bulb Manufacturers, New Entrants/Investors, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Government Regulatory and Research Organizations, End-Use Industry and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.