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The LED lighting market in South Korea is forecasted to grow by USD 1,872.11 mn during 2022-2027, accelerating at a CAGR of 7.4% during the forecast period. The report on the led lighting market in South Korea provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by need for LED lighting in hazardous areas, growing demand from automotive sector, and growing number of households and urbanization.
The LED lighting market in South Korea is segmented as below:
By Application
- Residential
- Commercial
- Industrial
- Outdoor
- Others
By Product
- LED lamps
- LED luminaires
The report on the LED lighting market in South Korea covers the following areas:
- LED lighting market in South Korea sizing
- LED lighting market in South Korea forecast
- LED lighting market in South Korea industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Product
8 Customer Landscape
9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
12 Appendix
List of Exhibits
Executive Summary
The publisher recognizes the following companies as the key players in the global LED lighting market in South Korea: Acuity Brands Inc., ams OSRAM AG, ANYLUX Co. Ltd., Backsan LNT Co. Ltd., DSE CO. LTD., Eaton Corp. Plc, Everlight Electronics Co. Ltd., Hubbell Inc., HWASHIN KOREA CO. LTD., Koninklijke Philips N.V., KOREA LED AND EQUIPMENT Co., Ltd., LG Innotek Co. Ltd., Lumileds Holding BV, Nanoleaf Canada Ltd., Nichia Corp., Samsung Electronics Co. Ltd., Seoul Semiconductor Co. Ltd., SMART Global Holdings Inc., Zam Co. Ltd., and Zhejiang Future Lighting Co. Ltd..Commenting on the report, an analyst from the research team said: 'The latest trend gaining momentum in the market is growing traction for intelligent lighting systems.'
According to the report, one of the major drivers for this market is the need for LED lighting in hazardous areas.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Acuity Brands Inc.
- ams OSRAM AG
- ANYLUX Co. Ltd.
- Backsan LNT Co. Ltd.
- DSE CO. LTD.
- Eaton Corp. Plc
- Everlight Electronics Co. Ltd.
- Hubbell Inc.
- HWASHIN KOREA CO. LTD.
- Koninklijke Philips N.V.
- KOREA LED AND EQUIPMENT Co. Ltd.
- LG Innotek Co. Ltd.
- Lumileds Holding BV
- Nanoleaf Canada Ltd.
- Nichia Corp.
- Samsung Electronics Co. Ltd.
- Seoul Semiconductor Co. Ltd.
- SMART Global Holdings Inc.
- Zam Co. Ltd.
- Zhejiang Future Lighting Co. Ltd.
