The global LED Light Bulbs market was valued at US$ 30710 million in 2020 and it is expected to reach US$ 41450 million by the end of 2027, growing at a CAGR of 4.3% during 2021-2027.
LED Light Bulbs [LED Lighting] is a kind semiconductor light-emitting solid device, which can convert the energy from an electric current into light.
LED Light Bulbs Principles:
Terminal voltages of PN junctions form certain barrier potentials, and when the forward bias voltage is added, the barrier potential decreases and most charge carriers in P area and N area diffuse to each other. As the electron mobility is much higher than the holes mobility, large amount of electrons diffuse to P area, causing charge carriers entering P area. These electrons combine with the holes on the valence band with energy emission in the form of light.
Global core LED light bulbs manufacturers include Philips, MLS etc. Asia Pacific is the largest market, with a share about 48%, followed by Europe and North America with the share about 23% and 19%.
Global LED Light Bulbs Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global LED Light Bulbs Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Philips (Signify), MLS (including Ledvance), Savant Systems Inc. (including GE Lighting), Panasonic, Toshiba, FSL, Opple, Yankon Lighting, NVC (ETI), Ideal Industries Inc. (including Cree Lighting), Technical Consumer Products, Inc., Shanghai Feilo Acoustics and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Find more details at: https://www.themarketreports.com/report/global-led-light-bulbs-market-outlook
Segment by Type
- Spot Light
- Street Light
- Tube Light
- WALL Washer Light
- Bulb
- Others
Segment by Application
- Residential
- Office
- Shop
- Hospitality
- Others
Table of Content:
1 LED Light Bulbs Market Overview
2 LED Light Bulbs Market Competition by Manufacturers
3 LED Light Bulbs Retrospective Market Scenario by Region
4 Global LED Light Bulbs Historic Market Analysis by Type
5 Global LED Light Bulbs Historic Market Analysis by Application
6 Key Companies Profiled
7 LED Light Bulbs Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 LED Light Bulbs Market Dynamics
10 Global LED Light Bulbs Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
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Peter Barzilai is a high school pitcher and college rower turned longtime World News journalist. Peter has also written for Buzz Feed and Huffington Post and many other major publications, Peter Loves everything about sports and loves to write on trending topics and he is DailyFactsNTrends member since 2017.