About LED Bulbs
LED bulbs are made of clusters of LEDs and are used in lighting fixtures. These are energy efficient and long lasting as compared to other products. In addition to this, the LED does not require the warm ups as they are instant on lamps. The LED are highly directional which reduces the wasted lights in various applications. Since these are used at homes, the product manufacturers have designed the LED lamps which are encased in diffuser in order to spread the lights. Hence, it suits various lighting applications which is increasing the demand.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global LED Bulbs 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.
OSRAM (Germany), GE Lighting (United States), Philips Lighting (Netherlands), Cree (United States), Leviton (United States), Ilumi (China), LIFX (Australia), Foshan Electrical & Lighting (China), Shenzhen Jiawei Photovoltaic Lighting (China) and Dongguan Kingsun Optoelectronic (China) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Eterna Lighting (United Kingdom), Feit Electric (United States), Legrand S.A. (France), Lutron Electronics Company, Inc. (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global LED Bulbs market by Type (A lamps and T lamps), Application (Decorative, General purpose and Speciality) and Region.
On the basis of geography, the market of LED Bulbs 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 Wattage, the sub-segment i.e. 1-2 W will boost the LED Bulbs market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Cap type, the sub-segment i.e. B22 will boost the LED Bulbs market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Color temperature, the sub-segment i.e. Cool daylight will boost the LED Bulbs market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Changing Lifestyle of the Consumers and Rising Awareness of Durability of LED Lights
Market Growth Drivers:
Features Such as Energy Efficient and Cost Efficient is Fueling the Market, Strict Government Regulation on the Usage of Lighting Systems with More Energy Consumption Leading to Demand of Energy Efficient Lighting. and Promotion of Environmental Protection and Energy Conservation
Challenges:
Dominance of Fluorescent Bulbs in Market May Hamper the Growth
Restraints:
Availability of Counterfeit Products
Opportunities:
Rising Demand of Energy Efficient Products and Rapid Urbanisation in Developing Economies
Market Leaders and their expansionary development strategies
In 2018, Cree has acquired Infineon RF power business. This acquisition has strengthen the leadership position of Wolfspeed RF GaN-on-SiC technologies.
In November 2019, Syska has launched Bactiglow LED bulb which comes with the microbial disinfection properties. Also, it is cost effective and can electrocute the bacteria present in the room.
Key Target Audience
Manufacturers, Raw Material Suppliers, Distributors and Traders, Research Organisations, Government Agencies and Organisations
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.