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Architectural LED Products Market Trends, Key Players, Overview, Competitive Breakdown and Regional Forecast by 2025

Architectural LED Products Market Forecast 2020-2026

The Global Architectural LED Products Market research report provides and in-depth analysis on industry- and economy-wide database for business management that could potentially offer development and profitability for players in this market. This is a latest report, covering the current COVID-19 impact on the market. The pandemic of Coronavirus (COVID-19) has affected every aspect of life globally. This has brought along several changes in market conditions. The rapidly changing market scenario and initial and future assessment of the impact is covered in the report. It offers critical information pertaining to the current and future growth of the market. It focuses on technologies, volume, and materials in, and in-depth analysis of the market. The study has a section dedicated for profiling key companies in the market along with the market shares they hold.

The report consists of trends that are anticipated to impact the growth of the Architectural LED Products Market during the forecast period between 2020 and 2026. Evaluation of these trends is included in the report, along with their product innovations.

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The Report Covers the Following Companies:
Philip Electronics
Cree Corporation
Osram Opto
Digital Lumens
GE
Toshiba Corp
Dialight
Cooper Industries

By Types:
Solar Products
Conventional Products

By Applications:
Cove Lighting
Wall Washing
In-Ground
Others

Furthermore, the report includes growth rate of the global market, consumption tables, facts, figures, and statistics of key segments.

By Regions:

  • North America (The US, Canada, and Mexico)
  • Europe (Germany, France, the UK, and Rest of the World)
  • Asia Pacific (China, Japan, India, and Rest of Asia Pacific)
  • Latin America (Brazil and Rest of Latin America.)
  • Middle East & Africa (Saudi Arabia, the UAE, , South Africa, and Rest of Middle East & Africa)

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Years Considered to Estimate the Market Size:
History Year: 2015-2019
Base Year: 2019
Estimated Year: 2020
Forecast Year: 2020-2026

Important Facts about Architectural LED Products Market Report:

  • This research report encompasses Architectural LED Products Market overview, market share, demand and supply ratio, supply chain analysis, and import/export details.
  • The report has different approaches and procedures endorsed by Key Market players that enable efficient business decisions.
  • The report offers information such as production value, strategies adopted by market players and products/services they provide.

What Our Report Offers:

  • Market share valuations of the segments on country and global level
  • Share analysis of the major market players
  • Opportunities for new market entrants
  • Market forecast for a minimum of 6 years for all the segments, sub-segments in various countries and regions
  • Market Trends (drivers, restraints, opportunities, threats, challenges, investment opportunities, and approvals)
  • Strategic endorsements in key business segments on the basis of market valuations
  • Competitive scenario mapping the key development patterns.
  • Company profiling with comprehensive strategies, financial details, and recent progressions.
  • Supply chain trends representing the latest technological advancements.

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Analysis Forecast Energy Market Price Analysis News

Architectural Led Products Market to Generate Profitable Avenues for Existing Companies as Well as New Players

Worldwide sales of architectural LED products reached ~USD 7,136 Mn in 2018 according to a recently published report by Persistence Market Research (PMR). As per the report, the global architectural LED products market is anticipated to grow by CAGR of ~14% year-over-year in 2019.  Government regulations related to the construction of artistic buildings across various regions have been fueling the demand for efficient lighting systems from construction and building management companies. Governments in many countries have banned the usage of incandescent lighting products for improving energy efficiency and reducing CO2 emissions. Due to this reason, construction companies are encouraged to deploy LED lighting systems, following government regulations on low carbon emission and energy saving.

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As per the report, factors such as increased lifespan of LED products, government regulations, decreasing cost of LED products, uniformity in the standards will continue to drive the growth of the architectural LED products market throughout the forecast period. Currently, businesses around the world are shifting from incandescent lights and opting for LED lights instead, as they are durable, efficient, and help reduce energy cost. Moreover, architectural LED products use about 50% less electricity than traditional incandescent lights, which makes them more power efficient.

As per the PMR research study, the architectural LED products market is poised to create an incremental opportunity of ~ US$ 21,708 Mn throughout the forecast period. Conventional architectural LED products continue to account for major share of manufacturers’ bottom lines, in the view of increasing demand for strip LED products for cove lighting.

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Demand Bolstered by Growing Smart Cities Projects

Government organizations are launching several smart city initiatives, which in turn is likely to increase the demand for architectural LED products, as they help reduce energy cost and cast unadulterated light, similar to daylight. Architectural LED products are available in a different colors and temperatures that are suitable for a range of applications. Moreover, increase in demand for energy efficient lighting solution and rising investments in smart city infrastructure such as roadways, parks, and commercial buildings will continue to favor the growth of the architectural LED products market.

Tier-1 Players to Account for 20% Revenue Share

PMR opines that the global architectural LED products market is considered fragmented, owing to the presence of a large number of local players. PMR has segregated the market structure into three tiers: Tier 1, Tier 2, and Tier 3 for deep-down analysis. Tier-1 architectural LED product providers account for ~18%-20% of the overall market. Tier-1 vendors, are the most experienced and largest in the industry and have a vast regional coverage across the globe. These vendors are collaborating and partnering with new players in the market to expand their distribution channel. Tier-3 architectural LED product providers are fairly new in the market, and includes mostly local and regional players. As tier-3 players have a limited presence in the market, they constantly keep themselves updated with the latest technology and are growing at a rapid pace.

  • For instance, in July 2019, the OSRAM Litch AG introduced high-power LEDs for general lighting with the Osconiq P 3030 that provides long life and excellent brightness and efficiency values in flashlights and work lamps.
  • Similarly, in October 2018, Cree Inc., introduced its industrial lighting portfolio with the
    • 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