LED Downlight - Global Market Review & Outlook (2019-2024) – IMARCGroup.com

According to the latest report by IMARC Group titled, “LED Downlight Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global LED downlight market size reached US$ 17.3 Billion in 2018. Downlights are light fixtures that are fitted in the ceiling to illuminate a space by shining light in the downward direction. Also known as pot or can lights, they can be installed into existing fixtures after mounting an LED module adapter into the socket. As compared to incandescent bulbs, LED downlights are more energy-efficient, help in reducing electricity bills, and produce less heat. Downlights are best suited for general lighting in large spaces, including art galleries, malls, retail stores, showrooms, and theatres. According to the required beam and color temperature, these lighting solutions can be produced in different colors, such as warm white, daylights, cold white, and solid light color.


Request for a sample copy of this report: https://www.imarcgroup.com/led-down-light-manufacturing-plant/requestsample

Global LED Downlight Market Trends:


Over the past few years, the advent of new technologies has enabled manufacturers to introduce downlights in more compact sizes, multiple color temperatures, and with easier installation solutions. Besides this, various awards and recognitions are being presented to industry players for consistent innovations, which are acting as a motivating factor for advancements in the lighting sector. For instance, in 2019, the US-based lighting manufacturer, Apure, won an Architecture MasterPrize (AMP) for its MINUS series. It is a collection of LED downlights that are nearly imperceptible and possess the capacity to recess in less than 25mm. Moreover, to offer improved lighting quality, directional light output, and better controllability, these lighting solutions are being produced in the form of construction luminaires, with retrofit trims and kits. Attributing to these factors, the market is expected to reach a value of US$ 29 Billion by 2024, expanding at a CAGR of 8.4% during 2019-2024.


Browse full report with detailed TOC and list of figures and tables: https://www.imarcgroup.com/led-down-light-manufacturing-plant

Insights on Market Segmentation:

Key Application Areas:
1. Offices and Conference Rooms
2. Residential Blocks
3. Showrooms and Malls
4. Hospitals and Laboratories
5. Hotels and Restaurants

Based on the application, the market has been divided into retrofit, retail and hospitality, outdoor, offices, architectural, residential and industrial. Currently, these lighting solutions are used for retrofit purposes.

Performance of Key Regions

1. India
2. China
3. Europe
4. United States
5. Japan
6. Brazil
7. Russia

On the geographical front, China represents the largest market for LED downlights, accounting for the majority of the market share. This growth can be attributed to the large-scale subsidies offered by the Government of China for the adoption of LED light in the region. Some of the other major regions include India, Europe, the United States, Japan, Brazil, Russia and others.

Key Player:

1. Nichia
2. Osram
3. Samsung Electronics
4. Everlight Electronics
5. LG Innotek

The report has also analyzed the competitive landscape of the market, along with the detailed profiles of the key players operating in the industry.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us

IMARC Group
Tel No: +1-631-791-1145
Email: sales@imarcgroup.com
Website: https://www.imarcgroup.com
Follow us on twitter: @imarcglobal
場所: United States

コメント

コメントを投稿

このブログの人気の投稿

Telehealth Market Size, Industry Trends, Share, Growth and Report 2024-2032

イメージ
 The latest report by IMARC Group, titled “ Telehealth Market Report by Component (Software, Hardware, Services), Communication Technology (Video Conferencing, mHealth Solutions, and Others), Hosting Type (Cloud-Based and Web-Based, On-Premises), Application (Teleconsultation and Telementoring, Medical Education and Training, Teleradiology, Telecardiology, Tele-ICU, Tele-Psychiatry, Tele-Dermatology, and Others), End-User (Providers, Patients, Payers, and Others), and Region 2024-2032 “, The global telehealth market size reached US$ 19.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 97.3 Billion by 2032, exhibiting a growth rate (CAGR) of 19.7% during 2024-2032. Factors Affecting the Growth of the Telehealth Industry: Technological Advancements: The telehealth market is transformed by rapid innovations in digital health technologies. Mobile health applications are democratizing access to healthcare services, enabling patients to manage their health ...
続きを読む

Precast Concrete Market Size, Growth, Share, Trends And Forecast 2023-2028

イメージ
 The latest report by IMARC Group, titled “ Precast Concrete Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028 “, The global precast concrete market size reached US$ 122.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 166.3 Billion by 2028, exhibiting a growth rate (CAGR) of 5.2% during 2023-2028.  Precast concrete is prepared, cast, and cured at an off-site location using a reusable mold, usually in a controlled factory environment. The precast concrete components are transported to the construction site after curing and assembled to create a complete structure. It is generally used to construct structural components, including wall panels, beams, columns, floors, pipes, staircases, tunnels, and girders. It is cost-effective, saves construction time, and offers more durability and dimensional accuracy than traditional concrete. In addition, its elements can be easily rearranged, making it easier ...
続きを読む

Dimer Acid Market Size, Share, Trends, Revenue, Outlook 2024-2032

イメージ
 The latest report by IMARC Group, titled “ Dimer Acid Market Report by Product Type (Standard, Distilled, Distilled and Hydrogenated), Application (Alkyd Resins, Adhesives and Elastomers, Lubricants, Polyamide Resins, Fuel Oil Additives, and Others), and Region 2024-2032 “, The global dimer acid market size reached US$ 2.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 4.8 Billion by 2032, exhibiting a growth rate (CAGR) of 6.35% during 2024-2032. Industry Trends and Drivers: Increasing Demand in Coatings and Adhesives: One of the main factors driving the growth of the dimer acid market is its expanding use in coatings and adhesives. Dimer acids serve as essential raw materials in the creation of polyamide resins, which are integral components in various coating and adhesive formulations. The demand for high-performance coatings is on the rise in industries such as automotive, construction, and electronic...
続きを読む