Global Market Study on Architectural LED Products: Increase in Energy-efficient Lighting Demands to Fuel Growth


Architectural Led Products  Market
  • Published On : Oct-2019 |
  • Pages : 300 Pages |
  • Format : Architectural Led Products  Market Architectural Led Products  Market Architectural Led Products  Market Architectural Led Products  Market

LEDs are next generation lighting technology that are more flexible and efficient in terms of colors, form factor, and power consumption as compared to conventional incandescent light products. LEDs are not sensitive to cold which makes them ideal for outdoor lighting. LEDs obtain the colors from semiconductor chips, thereby eliminating the need for using color filters and making LEDs more efficient than traditional lights. LEDs directional lights can easily and accurately be directed on facades, thus preventing stray light. In media facades thousands of LEDs lights are linked together and controlled individually. By using LEDs, images and messages come alive and make corporate building and malls real crowd pullers.

  • For instance, an average LED lamp consumes 50% less power than fluorescent lamp and 80% less than incandescent lamp

Nowadays, large number of organizations prefer architectural LED Products, as they have more lifespan than incandescent lights. With a longer lifespan, LEDs help reduce labor cost of replacing lights in commercial situations and achieve lower maintenance lighting system. Some of the benefits of architectural LED products are that they provide more brightness than traditional lights, they do not emit infrared radiation or ultraviolet radiation, which result in lower cost and increased reliability of LEDs.

global architectural led products market by region

Environmentally Friendly and Safe LED Lighting to Spur the Architectural LED Products Market Growth

Traditional bulbs are a fire hazard and can be harmful, but the LED lights do not produce heat, which makes them safe for numerous applications such as commercial projects, implementation of the modern and stylish lighting systems in hospitality centers, commercial buildings & offices, and hospitals. In commercial set-ups such as offices and banks, LED lights are used since it provides a better working atmosphere to the employees and create mood enhancement due to situational illumination control features.

Increased lifespan of Architectural LED Products to Generate High Demand

LED lights are resistant to breakage and immune to vibrations and other impacts, whereas traditional light is contained in glass, which makes it susceptible to break. LED lights are mounted on a circuit board and connected with soldered leads, resulting in increased lifespan of LED lights as compared to traditional lights.

  • For instance, the average projected lifespan of LED light bulb is 50,000 hours, whereas that for the fluorescent and incandescent light bulb is 10,000 hours and 1,200 hours respectively

The key players in the market are shifting from conventional lighting products to LED lighting products, as they use 50% less electricity and have greater life span than traditional lights. Due to increase competition among global and regional players, the price of LED light is expected to decrease, leading to increased sales over the forecast period.

APEJ to Present Lucrative Opportunities for Architectural LED Products Market Players

The architectural LED products market in Asia Pacific Excluding Japan (APEJ) is anticipated to witness an impressive growth during the forecast period. In recent years, APEJ has been seeing significant rise in adoption of LED bulbs and lamps. Growth is mainly driven by availability of low-cost linear and strip LED and LED lamps. Increasing number of smartphone users along with rapid penetration of internet is contributing to growth of online retail business, and in turn fueling the growth of the architectural LED products market in the region. With increasing competition among e-Commerce players to increase consumer base, prices for lighting products including architectural LED products are expected to decrease in the near future.

The Analysts’ Viewpoint

A comprehensive view of the architectural LED products market has led our analysts to conclude that, the market is proliferating at a remarkable rate. Regions such Asia Pacific excluding Japan and Western Europe are collectively holding a large share of the architectural LED products market. Sales of solar products are expected to grow rapidly, as the solar lights help conserve energy, in addition to significant advantages such as low cost and higher efficiency. New product innovations and strong financial position of key market players will also give momentum to the architectural LED products market. Regional expansion along with collaborations with other architectural LED products providers are some strategies opted by key players to boost their sales growth.

Architectural LED Products Market – Scope of the Report

Persistence Market Research (PMR) recently published a new research analysis on the architectural LED products market for the assessment period 2019-2029. The research study on the architectural LED products market offers a close look at the evolving aspects of the architectural LED products market as well as the dynamics impacting the market growth. The research study focuses on the key developments that have made their mark in the architectural LED products market and other developments that are on the cards. The report talks about various macro- and micro-economic factors responsible for having an in-depth impact on the growth of the architectural LED products market.

A direct market overview provides the growth scenarios and market potential with maximum precision, which is adjudged with suitable assumptions. The report features unique and relevant factors that are likely to have a significant impact on the architectural LED products market during the forecast period. This report includes a detailed and considerable amount of information, which will help new manufacturers in the most comprehensive manner for better understanding.

Several stakeholders in the architectural LED products market can rely on the data offered in this research study and delve into pragmatic decision-making. Moreover, information offered in the architectural LED products market report also helps new market entrants expand their bases in the architectural LED products market.

The report elaborates the historical and current trends molding the growth of the architectural LED products market. The performance journey of the architectural LED products market has been drawn and analyzed in way that the lucrative side of the market is evident to the readers. The competitive landscape presented in the architectural LED products market report gives a detailed outlook of profiles of key companies operating in the market, along with their differential strategies and key focus areas.

 Architectural LED Products Market: Taxonomy

PMR’s research study on the global architectural LED products market offers a detailed market taxonomy, wherein the key segments have been discussed in detail. The segmentation of the architectural LED products market has been offered on the basis of product type, application, end-user and region. Every segment has been analyzed in detail and data pertaining to the growth of each segment has been included in the study.

Product Type

Application

End-user

Region

Solar

Cove Lighting

Residential

North America

Conventional

  • Strip & Linear
  • Lamps

Wall Washers

Commercial

  • Retail
  • IT & Telecommunication
  • BFSI
  • Media & Entertainment
  • Healthcare
  • Others

Latin America

In-Ground

Western Europe

Backlight

Eastern Europe

Others

Asia Pacific Excluding Japan

Japan

Middle East and Africa

 

 Architectural LED Products Market: Key Questions Answered in the Report

The research study on the architectural LED products market offers inclusive insights about the growth of the market in the most comprehensible manner for better understanding of users. The insights offered in the architectural LED products report answer some of the most salient questions that assist the stakeholders in gauging all the emerging possibilities.

  • How has the rapidly changing business environment turned into a major growth engine for the architectural LED products market?
  • How ensuring compliance with industry regulations is boosting the architectural LED products market?
  • What are the key trends that are constantly shaping the growth of the architectural LED products market?
  • Which are the prominent regions offering plentiful opportunities for the architectural LED products market?
  • What are the key differential strategies adopted by key players to command a significant chunk of the global market share?

 Architectural LED Products Market: Research Methodology

A unique and promising research methodology forms the base of the architectural LED products market during the forecast period. The report has been prepared after a comprehensive analysis of the market happenings and then riveting insights have been compiled meticulously. The research methodology of the architectural LED products market has been a two-step process that comprises of primary and secondary research. Key stakeholders, which include architectural LED products   manufacturers, suppliers, and distributors, have been interviewed and experts of several designations, including executive vice presidents, directors, service engineers, technical advisors, GM marketing professionals, and sales professionals.

Secondary sources referred to garner the report findings include investor presentations of manufacturers, World Bank, and many other credible sources.

Companies covered in Architectural Led Products Market Report

Company Profiles

  • Cree Inc.,
  • GE Lighting LLC
  • Philips Lumiled Lighting Company LLC
  • Osram Licht AG
  • Samsung Electronics
  • Epistar Corporation
  • Toshiba Lighting & Technology Corporation
  • Verbatim Ltd.
  • Cooper Industries PLC
  • Galaxia

Architectural Led Products Market

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