About LED Indoor Lighting
LED (Light-emitting diode) indoor lights provide cost effective solution for indoor lighting besides being energy efficient. Owing to various benefits associates with its use such as low heat release, no toxicity and durability, it provides one of the best indoor lighting solutions. With growing environmental concern and favorable government initiatives, the LED indoor light market is expected to see significant growth.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
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 United States Vendors will contribute the maximum growth to Global LED Indoor Lighting 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.
Philips [Netherlands], Osram [Germany], Cree [United States], GE Lighting [United States], MaxLite [United States], Hugewin [China], Westinghouse [United States], DECO Lighting [United States], XtraLight [United States], RAB Lighting [United States], Havells Sylvania [Germany], Toshiba [ Japan], Acuity Brands [United States], Emerson Electric [United States], LSI [United Kingdom], Bravoled [China], Hubbell Lighting [United States] and Ligman Lighting [India] are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are LEDified Lighting Corporation Pty Ltd. [Australia], Lumitex [United States], BoscoLighting Pty Ltd [Australia], SunLED Corporation [United States], West Elm [United States], LED Eco Lighting [Australia], PARsource [United States], Heliospectra [Sweden], Gavita Holland B.V [Netherlands], EconoLux [United States] and LG Innotek [South Korea].
Segmentation Overview
AMA Research has segmented the market of Global LED Indoor Lighting market by Type (<60w, 60w-100w and >100w), Application (Healthcare Indoor Lighting, Commercial Indoor Lighting, Industrial Indoor Lighting, Home Indoor Lighting and Other) and Region.
On the basis of geography, the market of LED Indoor Lighting 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).
Influencing Trend:
Multi Color Lighting Solution for Homes and Smarter Lighting Fixtures
Market Growth Drivers:
Growing Need for Energy-Efficient Lighting Solution and Ability to Offer Cost Effective Solution In Long Term
Challenges:
Varying Color Consistency with Time and Lack Of Awareness About Its Cost Effective Solution in Long Term
Restraints:
Availability of Alternative Indoor Lighting Solutions and High Initial Cost
Opportunities:
Developments of LED Wireless Lighting Solutions and Reduction of Cost
Market Leaders and their expansionary development strategies
In July 2023, Environmental Lights, a leader in LED lighting solutions, has acquired City Theatrical, Inc and City Theatrical, Ltd (UK). The acquisition continues Environmental Lights' growth trajectory as it expands its footprint and product offerings in the scenic market.
In October 2023, Halonix Technologies, one of India's fastest-growing electrical companies, launched of India's first 'UP-DOWN GLOW' LED Bulb, demonstrating its commitment to enriching lives through pioneering technology. As the name suggests, both the upper part (Dome) and the lower part (stem) glow in different colours, giving consumers different options of creating some magic with the lighting in their room through 3 different switch enabled modes.
LED lights are subjected to industry standards governing safety and performance in United States. To accommodate LEDs, various test procedure are carried out. ANSI (American National Standards Institute) and IESNA (Illuminating Engineering Society of North America,) have published standards addressing some aspects of LEDs. However, the standard is being adopted very slowly.
Key Target Audience
Grow light manufacturers, Government agencies, Non-governmental organizations, Research Institute / Education Institute and Potential Investors
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.