Dublin, March 07, 2022 (GLOBE NEWSWIRE) -- The "Worldwide High Power LED Industry" report has been added to ResearchAndMarkets.com's offering.
The Global High Power LED Market is estimated to be USD 6.1 Bn in 2021 and is expected to reach USD 7.88 Bn by 2026, growing at a CAGR of 5.25%.
Market Dynamics
The Global High Power LED Market is driving due to growing high brightness LED applications, including mobile phones, restaurants, signal lighting, and nightclubs. The benefits offered by high power LED, such as continuous usage with a long life of the device, are driving the market's growth.
Additionally, increasing environmental concerns, government initiatives for green construction, and high-power LEDs require less power consumption and low voltage. They are available in small size are fuelling the market's growth. On the other hand, high costs are associated with initial investments, and high-power LED devices are temperature sensitive. These are the major factors restricting the market and hampering growth.
The rising awareness of energy-efficient systems will create potential opportunities for the market to grow in the forecasted period. Furthermore, the growing demand and adoption of smart lighting systems, technological advancements such as IoT, real-time monitoring of illuminations, developing research and development activities. Moreover, the risk of overcoming thermal problems is a challenge that may negatively affect the market growth.
Market Segmentation
- The Global High Power LED Market is segmented further based on Application Type, Response Time Type, Wattage Type, and Geography.
- By Application Type, the market is classified into Automotive, Backlighting, Flash Lighting, General Lighting, and others.
- By Response Time Type, the High Power LED market is classified into Flip Chip, Mesa, and Vertical.
- By Wattage Type, the High Power LED market is classified into 1-2.9 W, 3-4.9 W, 5-10 W, and 4 > 10 W.
- By Geography, Europe is projected to lead the market.
Company Profiles
Some of the companies covered in this report are Broadcom, Inc, Epistar Corporation, Everlight Electronics Co Ltd, LG Innotek, Lumileds Holding B.V, MLS Co Ltd, OSRAM Licht AG, Samsung Electronics Co Ltd, Seoul Semiconductor Co Ltd, and Wolfspeed, Inc, etc.
Countries Studied
- America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
- Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
- Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
- Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)
Competitive Quadrant
The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Why buy this report?
- The report offers a comprehensive evaluation of the Global High Power LED Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
- The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
- The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
- The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
- The report also contains the competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.
Key Topics Covered:
1 Report Description
2 Research Methodology
3 Executive Summary
4 Market Influencers
4.1 Drivers
4.1.1 Growing High Brightness LED Application
4.1.2 Benefits of Low Power Consumption and Continuous Usage with Long Life
4.1.3 Rising Concern related to Environment
4.2 Restraints
4.2.1 High Cost Associated with Initial Investment
4.2.2 Temperature Sensitive Devices
4.3 Opportunities
4.3.1 Growing Demand and Adoption of Smart Lighting System
4.3.2 Raising Awareness of Energy-Efficient System
4.4 Challenges
4.4.1 Risk of Overcoming Thermal Problems
5 Market Analysis
5.1 Porter's Five Forces Analysis
5.2 Impact of COVID-19
5.3 Ansoff Matrix Analysis
6 Global High Power LED Market, By Application Type
6.1 Introduction
6.2 Automotive
6.3 Backlighting
6.4 Flash Lighting
6.5 General Lighting
6.6 Others
7 Global High Power LED Market, By Response Time Type
7.1 Introduction
7.2 Flip Chip
7.3 Mesa
7.4 Vertical
8 Global High Power LED Market, By Wattage Type
8.1 Introduction
8.2 1-2.9 W
8.3 3-4.9 W
8.4 5-10 W
8.5 4 > 10 W
9 Global High Power LED Market, By Geography
10 Competitive Landscape
10.1 Competitive Quadrant
10.2 Market Share Analysis
10.3 Strategic Initiatives
10.3.1 M&A and Investments
10.3.2 Partnerships and Collaborations
10.3.3 Product Developments and Improvements
11 Company Profiles
11.1 Acuity Brands, Inc
11.2 Betlux Electronics Co Ltd
11.3 Broadcom, Inc
11.4 Crescent Opto Private Limited
11.5 EFFILUX GmbH
11.6 Excelitas Technologies Corp
11.7 Epistar Corporation
11.8 Everlight Electronics Co Ltd
11.9 High Power Lighting Corporation
11.10 Kingbright Electronic Co Ltd
11.11 LG Innotek
11.12 LITE-ON Technology Corporation
11.13 Luckylight Electronics Co Ltd
11.14 Lumileds Holding B.V
11.15 MLS Co Ltd
11.16 Moritex Corporation
11.17 Nichia Corporation
11.18 OSRAM Licht AG
11.19 Plessey Semiconductors Ltd
11.20 ROHM Co Ltd
11.21 Samsung Electronics Co Ltd
11.22 Savant Systems, Inc
11.23 Seoul Semiconductor Co Ltd
11.24 Siemens AG
11.25 Signify Holding B.V
11.26 Stanley Electric Co Ltd
11.27 Toyoda Gosei Co Ltd
11.28 Vollong Electronics Co Limited
11.29 Wolfspeed, Inc
11.30 Wurth Elektronik eiSos GmbH & Co KG
11.31 Zumtobel Group
12 Appendix
For more information about this report visit https://www.researchandmarkets.com/r/o8lk27
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