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Industrial LED Market by Product, Application, and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2019-2026

  • ID: 5031425
  • Report
  • March 2020
  • Region: Global
  • 276 pages
  • Allied Analytics LLP
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FEATURED COMPANIES

  • Cree Inc.
  • Deco Lighting Inc.
  • Dialight Plc
  • Eaton Corporation
  • General Electric
  • Koninklijke Philips N.V.
  • MORE
The global industrial LED market size was valued at $5.57 billion in 2018, and is projected to reach $20.16billion by 2026, registering a CAGR of 16.8% from 2019 to 2026.An LED is a semiconductor device, the output of which ranges from blue violet (about 400 nanometer (nm)) to red (about 700 nm). Some LEDs are called infrared-emitting diodes (IREDs), emitting infrared (IR) energy, which is greater than or equal to 830 nm. An LED consists of two elements of processed material called N-type semiconductors and P-type semiconductors, which are placed in direct contact to form a region called P-N junction.

Lighting consumes approximately 15% of total global power consumption. Moreover, lights produce around 5% of global carbon emission. Thus, the United Nations Environment Programme (UNEP) has released certain guidelines on energy-saving lighting solutions to reduce carbon emissions. With rapid urbanization and rapid economic growth, the lighting industry is expected to grow exponentially over the next two decades, resulting in high demand for LED based lighting. Thus, need for more LED-based lighting for effective energy saving and cost saving is expected to drive the growth of the market in the coming years.

Industrial LED market trends such as high demand for cost-effective and energy-saving LED lighting, due to high consumption of power and lighting and production around 5% of global carbon emission. Also, with rapid urbanization and rapid economic growth, the lighting industry is expected to grow exponentially over the next two decades, resulting in high demand for LED based lighting. In addition, taking government campaign toward the adoption of LEDs, due to high deploying LED technology-based lights to curb cost and pollution and positive attitude of various countries toward the adoption of LED technology propels the growth of the global market. For instance, in India, several test labs have been established to overcome the barrier of lack of testing protocols, facilities, and accredited laboratories at the national level. Conversely, surge in need for smart lighting is expected to offer lucrative opportunities for the market globally.

The global industrial LED market size is segmented based on product, application, industry vertical, and region. By product, the market is categorized into LED lamps and LED fixtures. The applications covered in this report include indoor lighting and outdoor lighting. The industry verticals discussed in this study are oil and gas, mining, pharmaceutical, manufacturing, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players profiled in this report are Deco Lighting, Inc., Eaton Corporation, Cree Inc., Dialight Plc, Osram Licht AG, General Electric, Koninklijke Philips N.V., Toshiba Corporation, Zumtobel Group AG, and Syska.

KEY BENEFITS FOR STAKEHOLDERS
  • This study includes the analytical depiction of the global industrial LED market forecast along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information regarding the key drivers, restraints, and opportunities in the lithography metrology equipment market.
  • The industrial LED market growth is quantitatively analyzed from 2019 to 2026 to highlight the financial competency of the industry.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.
GLOBAL INDUSTRIAL LED MARKET SEGMENTATION

BY PRODUCT:
  • LED Lamps
  • Led Fixtures
BY APPLICATION:
  • Indoor Lighting
  • Outdoor Lighting
BY END USER
  • Oil & Gas
  • Mining
  • Pharmaceutical
  • Manufacturing
  • Others
BY REGION
  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • UK
  • Germany
  • France
  • Russia
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Cree Inc.
  • Deco Lighting Inc.
  • Dialight Plc
  • Eaton Corporation
  • General Electric
  • Koninklijke Philips N.V.
  • MORE
CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Patent Analysis
3.4.1. By Region (2019)
3.4.2. By Applicant
3.5. Market share analysis (2018)
3.6. Market dynamics
3.6.1. Drivers
3.6.1.1. High demand for cost-effective & energy-saving LED lighting
3.6.1.2. Government campaign toward LED adoption
3.6.1.3. Surge in need to replace traditional lighting
3.6.2. Restraint
3.6.2.1. Voltage sensitivity & temperature dependence
3.6.2.2. High initial cost of LEDs
3.6.3. Opportunity
3.6.3.1. Surge in adoption of smart lighting technology

CHAPTER 4: INDUSTRIAL LED MARKET, BY PRODUCT
4.1. Overview
4.2. LED lamps
4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market analysis, by country
4.3. LED fixture
4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market analysis, by country

CHAPTER 5: INDUSTRIAL LED MARKET, BY APPLICATION
5.1. Overview
5.2. Indoor Lighting
5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market analysis, by country
5.3. Outdoor Lighting
5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market analysis, by country

CHAPTER 6: INDUSTRIAL LED MARKET, BY INDUSTRY VERTICAL
6.1. Overview
6.2. Oil & Gas
6.2.1. Key market trends, growth factors, and opportunities
6.2.2. Market size and forecast, by region
6.2.3. Market analysis, by country
6.3. Mining
6.3.1. Key market trends, growth factors, and opportunities
6.3.2. Market size and forecast, by region
6.3.3. Market analysis, by country
6.4. Pharmaceutical
6.4.1. Key market trends, growth factors, and opportunities
6.4.2. Market size and forecast, by region
6.4.3. Market analysis, by country
6.5. Manufacturing
6.5.1. Key market trends, growth factors, and opportunities
6.5.2. Market size and forecast, by region
6.5.3. Market analysis, by country
6.6. Others
6.6.1. Key market trends, growth factors, and opportunities
6.6.2. Market size and forecast, by region
6.6.3. Market analysis, by country

CHAPTER 7: INDUSTRIAL LED MARKET, BY REGION
7.1. Overview
7.2. North America
7.2.1. Key market trends, growth factors, and opportunities
7.2.2. Market size and forecast, by product
7.2.3. Market size and forecast, by application
7.2.4. Market size and forecast, by industry vertical
7.2.5. Market size and forecast, by country
7.2.5.1. U. S.
7.2.5.1.1. Market size and forecast, by product
7.2.5.1.2. Market size and forecast, by application
7.2.5.1.3. Market size and forecast, by industry vertical
7.2.5.2. Canada
7.2.5.2.1. Market size and forecast, by product
7.2.5.2.2. Market size and forecast, by application
7.2.5.2.3. Market size and forecast, by industry vertical
7.2.5.2.4. Mexico
7.2.5.2.5. Market size and forecast, by product
7.2.5.2.6. Market size and forecast, by application
7.2.5.2.7. Market size and forecast, by industry vertical
7.3. Europe
7.3.1. Key market trends, growth factors, and opportunities
7.3.2. Market size and forecast, by product
7.3.3. Market size and forecast, by application
7.3.4. Market size and forecast, by industry vertical
7.3.5. Market size and forecast, by country
7.3.5.1. Germany
7.3.5.1.1. Market size and forecast, by product
7.3.5.1.2. Market size and forecast, by application
7.3.5.1.3. Market size and forecast, by industry vertical
7.3.5.2. France
7.3.5.2.1. Market size and forecast, by product
7.3.5.2.2. Market size and forecast, by application
7.3.5.2.3. Market size and forecast, by industry vertical
7.3.5.2.4. UK
7.3.5.2.5. Market size and forecast, by product
7.3.5.2.6. Market size and forecast, by application
7.3.5.2.7. Market size and forecast, by industry vertical
7.3.5.3. Russia
7.3.5.3.1. Market size and forecast, by product
7.3.5.3.2. Market size and forecast, by application
7.3.5.3.3. Market size and forecast, by industry vertical
7.3.5.3.4. Rest of Europe
7.3.5.3.5. Market size and forecast, by product
7.3.5.3.6. Market size and forecast, by application
7.3.5.3.7. Market size and forecast, by industry vertical
7.4. Asia-Pacific
7.4.1. Key market trends, growth factors, and opportunities
7.4.2. Market size and forecast, by product
7.4.3. Market size and forecast, by application
7.4.4. Market size and forecast, by industry vertical
7.4.5. Market size and forecast, by country
7.4.5.1. Japan
7.4.5.1.1. Market size and forecast, by product
7.4.5.1.2. Market size and forecast, by application
7.4.5.1.3. Market size and forecast, by industry vertical
7.4.5.2. China
7.4.5.2.1. Market size and forecast, by product
7.4.5.2.2. Market size and forecast, by application
7.4.5.2.3. Market size and forecast, by industry vertical
7.4.5.2.4. Australia
7.4.5.2.5. Market size and forecast, by product
7.4.5.2.6. Market size and forecast, by application
7.4.5.2.7. Market size and forecast, by industry vertical
7.4.5.3. India
7.4.5.3.1. Market size and forecast, by product
7.4.5.3.2. Market size and forecast, by application
7.4.5.3.3. Market size and forecast, by industry vertical
7.4.5.3.4. Rest of Asia-Pacific
7.4.5.3.5. Market size and forecast, by product
7.4.5.3.6. Market size and forecast, by application
7.4.5.3.7. Market size and forecast, by industry vertical
7.5. LAMEA
7.5.1. Key market trends, growth factors, and opportunities
7.5.2. Market size and forecast, by product
7.5.3. Market size and forecast, by application
7.5.4. Market size and forecast, by industry vertical
7.5.5. Market size and forecast, by country
7.5.5.1. Latin America
7.5.5.1.1. Market size and forecast, by product
7.5.5.1.2. Market size and forecast, by application
7.5.5.1.3. Market size and forecast, by industry vertical
7.5.5.2. Middle East
7.5.5.2.1. Market size and forecast, by product
7.5.5.2.2. Market size and forecast, by application
7.5.5.2.3. Market size and forecast, by industry vertical
7.5.5.3. Africa
7.5.5.3.1. Market size and forecast, by product
7.5.5.3.2. Market size and forecast, by application
7.5.5.3.3. Market size and forecast, by industry vertical

CHAPTER 8: COMPETITIVE LANDSCAPE
8.1. Introduction
8.1.1. Market player positioning, 2019
8.1.2. Top winning strategies
8.2. Product mapping of top 10 player
8.3. Competitive dashboard
8.4. Competitive heatmap

CHAPTER 9: COMPANY PROFILE
9.1. Cree, Inc.
9.1.1. Company overview
9.1.2. Company snapshot
9.1.3. Operating business segments
9.1.4. Product portfolio
9.1.5. R&D Expenditure
9.1.6. Business performance
9.1.7. Key strategic moves and developments
9.2. Deco Lighting, Inc.
9.2.1. Company overview
9.2.2. Company snapshot
9.2.3. Product portfolio
9.2.4. Key strategic moves and developments
9.3. Dialight
9.3.1. Company overview
9.3.2. Company snapshot
9.3.3. Operating business segments
9.3.4. Product portfolio
9.3.5. Business performance
9.3.6. Key strategic moves and developments
9.4. Eaton Corporation
9.4.1. Company overview
9.4.2. Company snapshot
9.4.3. Operating business segments
9.4.4. Product portfolio
9.4.5. R&D Expenditure
9.4.6. Business performance
9.4.7. Key strategic moves and developments
9.5. General Electric
9.5.1. Company overview
9.5.2. Company snapshot
9.5.3. Operating business segments
9.5.4. Product portfolio
9.5.5. Business performance
9.5.6. Key strategic moves and developments
9.6. Koninklijke Philips N. V.
9.6.1. Company overview
9.6.2. Company snapshot
9.6.3. Operating business segments
9.6.4. Product portfolio
9.6.5. R&D Expenditure
9.6.6. Business performance
9.7. OSRAM
9.7.1. Company overview
9.7.2. Company snapshot
9.7.3. Operating business segments
9.7.4. Product portfolio
9.7.5. R&D Expenditure
9.7.6. Business performance
9.7.7. Key strategic moves and developments
9.8. Syska
9.8.1. Company overview
9.8.2. Company snapshot
9.8.3. Product portfolio
9.8.4. Key strategic moves and developments
9.9. Toshiba Corporation (Toshiba Tec Corporation)
9.9.1. Company overview
9.9.2. Company snapshot
9.9.3. Operating business segments
9.9.4. Product portfolio
9.9.5. Business performance
9.10. Zumtobel Group AG
9.10.1. Company overview
9.10.2. Company snapshot
9.10.3. Operating business segments
9.10.4. Product portfolio
9.10.5. Business performance
9.10.6. Key strategic moves and developments
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Cree Inc.
  • Deco Lighting Inc.
  • Dialight Plc
  • Eaton Corporation
  • General Electric
  • Koninklijke Philips N.V.
  • MORE
According to the report titled, 'Industrial LED Market by Product, Application, and End User: Global Opportunity Analysis and Industry Forecast, 2019-2026,' the global industrial LED market size was valued at $5.57 billion in 2018, and is projected to reach $20.16billion by 2026, registering a CAGR of 16.8% from 2019 to 2026.

An LED is a semiconductor device, the output of which ranges from blue violet (about 400 nanometer (nm)) to red (about 700 nm). Some LEDs are called infrared-emitting diodes (IREDs), emitting infrared (IR) energy, which is greater than or equal to 830 nm. An LED consists of two elements of processed material called N-type semiconductors and P-type semiconductors, which are placed in direct contact to form a region called P-N junction.

The industrial LED market possesses high potential. This is attributed to the fact that in the current business scenario, there has been an increase in demand for industrial LEDs, particularly in developing regions. Moreover, companies in this industry are adopting various innovative techniques to provide customers with advanced and innovative product offerings.

LEDs are applicable across several industrial sectors such as oil &gas, manufacturing, pharmaceutical, and others. Factors such as flexibility in design, reliability, less power consumption, and enhanced light versatility boost the adoption of the LED lighting solutions in various industries. Furthermore, superior and reliable performance of LEDs at ambient operating temperatures creates ample industrial LED market opportunities.In addition, the LEDs can improve the miners’ performance for the detection of mine hazards. It can also be used for visually communicating warnings and alerts.

According to the U.S. Department of Energy, outdoor lightning consumers around 1.3 quadrillion BTU of energy annually, which cost around $10 billion per year. U.S. has taken various steps to reduce energy consumption. It is said that replacing all the U.S. street lighting with energy-savings LED lamps would help government save 2.3 billion unit.

Asia-Pacific is one the leading regions toward adoption of advance technology. Developing nations in Asia-Pacific such as China, India Japan, and Australia account for the major market sharefor the industrial LEDs. The Asia-Pacific industrial LED market is largely controlled by government policies and regulations, which are encouraging sustainable investments in the sector.

At present, China dominates the industrial LED market. Most of the Chinese companies are exp anding their production capacity, for instance, global giants such as Samsung and Philips Lighting have increased their production capacity in their Chinese OEM factories. In the near future, Chinese manufacturers will continue to exp and their production capacity to launch several novel products in the market. The Chinese Government has been offering various incentives such as tax benefits, subsidies, and other support to encourage the vendors in the market.

According toAvinash Savekar, Lead Analyst, Semiconductors & Electronics, “The global industrial LEDmarketgrowth is driven by several factors, owing to demand for industrial LEDs, particularly in developing regions. The adoption of LED lighting is on rapid pace in industrial sector of China, owing to wide presence of domestic manufacturers and high production capacity.”

KEY FINDINGS OF THE STUDY
  • Based on product, the LED Lampssegmentgenerated the highest revenue in theglobal market in 2018.
  • Based on application, theindoor lightingsegment generated the highestrevenuein the global industrial LED market share in 2018.
  • Based on end user, the oil & gas segment generated the highest revenue in the global market share in 2018.
The key players profiled in this report are Deco Lighting, Inc., Eaton Corporation, Cree Inc., Dialight Plc, Osram Licht Ag, General Electric, Koninklijke Philips N.V., Toshiba Corporation, Zumtobel Group Ag, and Syska. These key players adopt several strategies such as, new product launch and development, acquisition, partnership and collaboration and business expansion to increase the global industrial LEDmarket share during the forecast period.
Note: Product cover images may vary from those shown
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  • Deco Lighting Inc.
  • Eaton Corporation
  • Cree Inc.
  • Dialight Plc
  • Osram Licht Ag
  • General Electric
  • Koninklijke Philips N.V.
  • Toshiba Corporation
  • Zumtobel Group Ag
  • Syska
Note: Product cover images may vary from those shown
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The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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