About Light Pipes
The light pipe is a very practical and simple solution for the means of transmitting light along the length of the tube, which is similar to a fiber optic cable. So if there is a bright light at one end, these leaks will illuminate the entire length of the pipe. The light guide helps to improve the display quality and to make the light distribution more flexible. Light guides are mostly used for decorative applications, they can even be used for e-textile projects. With the diverse range of standard light guides available, they are used in a wide variety of markets including industrial control, communications equipment, medicine, life safety, and lighting applications with a small space accent. In addition, integrating LEDs in light guide kits is a very cost-effective option that helps reduce complicated steps required to transport light from one end to the other. The light guide is made of glass or optical substances and polycarbonate and can therefore take different shapes and lens caps. Thus, light guides can be clad or mounted on surfaces or mounted on printed circuit boards.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 9.3% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that Global Vendors will contribute the maximum growth to Global Light Pipes market throughout the forecasted 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.
Gibraltar Industries, Inc. (United States), BIVAR (United States), Orion Energy Systems Inc. (United States), VKR Holding A/S (Denmark), Elite Solar Systems, Inc. (United States), Skydome Skylight Systems Pty. Ltd. (Australia), OSRAM Licht AG (Germany), Solatube International, Inc. (United States), Bivar, Inc. (United States) and Lumex Inc. (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Light Pipes market by Type (Flexible Light Pipes and Rigid Light Pipes), Application (Residential, Commercial and Industrial) and Region.
On the basis of geography, the market of Light Pipes 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 Distribution Channel, the sub-segment i.e. Online will boost the Light Pipes market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Initiatives to Encourage the Usage of Energy Efficient Products and High Volume Construction in Developing As Well As Developed Economies
Market Growth Drivers:
The Rising Urbanization, Growing Demand for Lighting Solutions, Increasing Demand for Cost-Effective Solutions and The Rising Disposable Incomes
Challenges:
Limited Awareness about Light Pipes in Under Developed Countries
Restraints:
High Costs of These Pipes
Opportunities:
Increasing Regulations by the Government to Reduce the Consumption of Energy in Commercial As Well As Residential Buildings and Government Schemes and Investments for Construction of Green or Energy Efficient Buildings
Market Leaders and their expansionary development strategies
In November 2023, Element Materials Technology (London, U.K.) announces the renewal of its strategic partnership with Magma Global (Portsmouth, U.K.), a TechnipFMC company that develops composite pipes to simplify subsea oil and gas architecture. The collaboration is specifically focused on advancing thermoplastic composite technologies for the energy sector through rigorous testing and validation.
In March 2022, Dialight (LSE:DIA) today announced the launch of a new 515 Optopipe® light pipe series. These housed variable height and length light pipes are available in several standard dimensions but can also be customized within a min/max range, for a reasonable NRE fee.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Manufacturers of Light Pipes, Suppliers and Distributors of Light Pipes, Venture Capitalists and Private Equity Firms and End-Use Industry
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 a 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 the purpose to understand the companies positioning regarding the 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 a 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, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.