What is Electroluminescent Panels Market?
Electroluminescent Panel is also known as EL Panels or EL Sheets. Electroluminescent panels are the most energy-efficient, creative as well as slimmest form of advertising any product. It includes alluring animations, Paperthin size as well as Flexible nature. These panels are flexible flat light panels that are inverter-controlled and sequenced when required. It helps to attract the attention of consumers and enable user product to be seen during day and night time, thus saving money. These panels can be created in almost any form, color or width and provide good ambient light and can be used at night. Newly created ac ZnS-powder electroluminescence devices are flexible and can be multi-section, multicolor, roll as well as bent.
The market study is being classified by Type (Blue-Green, Yellow-Green, Dye Converted White (Pink) and Dye Converted White (Orange)), by Application (Nightlights, Displays, Signs, Advertising Poster, Automotive Gear Indicators, Remote Control Keypads and Other) and major geographies with country level break-up.
GSI Technologies (United States), Olmec Advanced Materials Limited (United Kingdom), Yi Yi Enterprise (Taiwan), Shenzhen Watson Lighting (China), Nejilock Technology Pte Ltd (Singapore), iGraphics Precision Printing (United States) and Memtronik Innovations Inc. (Canada) are some of the key players profiled in the study.
The global electroluminescent panel market is highly fragmented with the presence of local as well as regional players operating in the market. Industry players operational in the electroluminescent panel include GSI Technologies (United States), Olmec Advanced Materials Limited (United Kingdom), Yi Yi Enterprise (Taiwan), Shenzhen Watson Lighting (China), among others. These players are adopting strategies such as product launch, partnerships, and acquisitions to garner higher market share and sustain the market competition Research Analyst at AMA predicts that China Players will contribute to the maximum growth of Global Electroluminescent Panels market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Electroluminescent Panels market by Type, Application and Region.
On the basis of geography, the market of Electroluminescent Panels 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing usage of Electroluminescent Panel in various application
- Rising Demand from Advertising Industry
Market Trend
- Increasing Number of Customer from Online Channel
- Technology Advancement regarding Electroluminescent Panel
Restraints
- Stringent Rules as well as Regulation
Opportunities
- Growing Demand from Emerging Market such as China and India
Challenges
- Issue related to Sometimes Poor Lumens per Watt Rating and Low Lumen Output over Time
- Lack of awareness regarding Electroluminescent Panel