Quick Summary:
In the rapidly evolving Light Engine market, a comprehensive understanding of market dynamics, technological advancements, and competitive landscape is crucial for strategic decision-making. Expected to grow from $3.8 billion to a revised size of $7.2 billion by 2030, the Light Engine Market provides significant opportunities for businesses across the globe. China, being the world's second largest economy, even projects a robust growth of 12.6% CAGR over the next 8 years.
Our recently published market research report provides an in-depth analysis of the Light Engine market segmentation, tracking key trends in both the Flexible and Rigid segments. The report not only focuses on the U.S. market but also offers detailed insights into other noteworthy geographic markets like Japan, Canada, and Germany. Alongside quantitative data, the report features a select competitive analysis of key players including Cree, Inc., Fulham Co., Inc., and General Electric Company, among others. Benefit from a full year of complimentary updates and gain unrestricted access to our digital archives and Research Platform. Harness this wealth of information to strategize effectively, drive innovation, and capture growth.
Global Light Engine Market to Reach $7.2 Billion by 2030
The global market for Light Engine estimated at US$3.8 Billion in the year 2022, is projected to reach a revised size of US$7.2 Billion by 2030, growing at a CAGR of 8.3% over the analysis period 2022-2030. Flexible, one of the segments analyzed in the report, is projected to record 8.5% CAGR and reach US$3.1 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Rigid segment is readjusted to a revised 8.1% CAGR for the next 8-year period.
The U.S. Market is Estimated at $1.1 Billion, While China is Forecast to Grow at 12.6% CAGR
The Light Engine market in the U.S. is estimated at US$1.1 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.6 Billion by the year 2030 trailing a CAGR of 12.6% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.4% and 7.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.3% CAGR.Select Competitors (Total 14 Featured) -
- Cree, Inc.
- Fulham Co., Inc.
- Fusion Optix
- General Electric Company
- MaxLite, Inc.
- Osram Licht AG
- Philips Lighting NV
- RS Components Pty Ltd
- Thomas Research Products
- Tridonic GmbH & Co KG
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and the publisher's Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Light Engine?
What is the growth rate of the Global Market for Light Engine?
What is the forecasted size of the Global Market for Light Engine?
Who are the key companies in the Global Market for Light Engine?
| Report Attribute | Details |
|---|---|
| No. of Pages | 209 |
| Published | September 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 3.8 Billion |
| Forecasted Market Value ( USD | $ 7.2 Billion |
| Compound Annual Growth Rate | 8.3% |
| Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- Cree, Inc.
- Fulham Co., Inc.
- Fusion Optix
- General Electric Company
- MaxLite, Inc.
- Osram Licht AG
- Philips Lighting NV
- RS Components Pty Ltd
- Thomas Research Products
- Tridonic GmbH & Co KG
