LED Light Engine Market by Product Type (Lamps and Luminaires), Installation Type (New Installation and Retrofit Installation), End-Use Application (Indoor Lighting and Outdoor Lighting), and Geography - Forecast to 2024
The LED Light Engine Market is expected to be valued at USD 30.0 Billion in 2019 and is anticipated to reach USD 59.5 Billion by 2024 growing at a CAGR of 14.7% from 2019 to 2024.
Key factors influencing the market growth are increasing demand for energy-efficient lighting systems; modernization and development of infrastructure, for example, smart cities, which leads to the implementation of lighting systems based on IoT; reduction in the price of LEDs; penetration of LEDs as light sources in general lighting; and rapid growth of LED technology over conventional lighting technology.
Luminaires to dominate LED light engine market (in terms of value) during forecast period
The luminaires subsegment is expected to dominate the market for LED light engines as it is the main component of an LED lighting system. Increasing consumer awareness about conserving energy and installing light systems with high energy efficiency is expected to boost the LED light engine market for luminaires. LED light engines come in various forms, such as linear, round, square and rectangular, depending upon the application. LED light engine is the core component of a luminaire.
Indoor lighting to hold largest share of LED light engine market during forecast period
In the LED light engine market, by end-use application, indoor lighting is expected to have a larger market share than outdoor lighting. The reason being increasing infrastructural activities across the globe, mainly focused on residential lighting. The market for residential buildings (major subsegment of indoor lighting) is expected to have a huge potential in the future. It is expected to witness a high growth rate. Countries across the globe are expected to implement energy-efficient lighting solutions in residential applications owing to government regulation for energy conservation.
Market for retrofit installations to grow at highest rate during forecast period
In the LED light engine market, by installation type, retrofit installations are expected to experience the highest growth. Increasing replacement of incandescent lamps with energy-efficient light sources, such as LED lamps is the major factor contributing to the growth of the market for retrofit installations. The old generation lamps are being slowly phased out and fixtures are being retrofitted with LED lamps as they offer a longer operational life and also consume lesser energy.
Market in APAC to hold a significant share during forecast period
The increased construction activities in APAC are contributing significantly to the growth of the LED light engine market in the region. There are several new opportunities for energy-efficient lighting in the next few years as about 200 million homes are expected to be constructed in China and 18 million homes in India. Countries, such as China, Japan, and India are also impacting the market significantly in APAC. However, the factors supporting the growth in the region are the rise in initiatives by governments of the countries in the region, encouraging the population to use LED lightings. Such efforts are anticipated to boost the light engine market in the APAC region. Nevertheless, the rise in population in China, coupled with the adoption of LEDs, is likely to play a major role in the market growth. China is already the largest producer and consumer of lighting fixtures and lamps in the world.
Key Market Players
The LED light engine market is currently dominated by Signify Lighting NV (Netherlands), OSRAM Licht AG (Germany), GE lighting (US), Cree, Inc. (US), Hubbell Inc. (US), Zumtobel Group AG (Austria), Wipro Enterprises (P) Ltd. (India), Samsung Electronics (South Korea), LG Innotek (South Korea), Legrand SA (France), Glamox AS (Norway), Lutron Electronics Co., Inc. (US), among others. A few of the major strategies adopted by these players to compete in the market, include product launches & developments, partnerships, and mergers & acquisitions.
Other players operating in the market are LEDVANCE GmbH (Germany), Acuity Brands, Inc. (US), Seoul Semiconductors (South Korea), TRILUX Lighting (Germany), LUMITECH (Austria), SDA Lighting (US), AB Fagerhult (Sweden), Gerard Lighting (Australia), Helvar (Finland), LEDRAbrands (US), and Halla, a.s. (Czech Republic). These players have adopted several strategies, such as product developments & launches, mergers & acquisitions, and partnerships and collaborations to grow in the LED light engine market.
LED Light Engine Market Report Scope:
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Report Metric |
Details |
| Estimated Market Size | USD 30.0 Billion in 2019 |
| Projected Market Size | USD 59.5 Billion by 2024 |
| Growth Rate | CAGR of 14.7% |
|
Market size available for years |
2016–2024 |
|
On Demand Data Available |
2029 |
|
Report Coverage |
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|
Segments covered |
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Geographies covered |
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Companies covered |
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This report categorizes the LED Light Engine Market based on Product Type, Installation Type, End–use Application, and Region.
Based on Product Type, the LED Light Engine Market been Segmented as follows:
- Lamps
- Luminaires
Based on Installation Type, the LED Light Engine Market been Segmented as follows:
- New Installations
- Retrofit Installations
Based on End–Use Application, the LED Light Engine Market been Segmented as follows:
-
Indoor Lighting
- Residential
- Commercial
- Industrial
- Others (Government and public lighting)
-
Outdoor Lighting
- Highways and Roadways
- Architectural
- Public Places
- Others (rail lines and harbors)
Based on Region, the LED Light Engine Market been Segmented as follows:
-
North America
- US
- Canada
-
Europe
- UK
- Germany
- France
- Italy
- Rest of Europe (Russia , the Netherlands, Denmark, Slovenia, Sweden, Finland, Norway, Romania, Bulgaria, Switzerland, and Poland)
-
APAC
- China
- Japan
- Rest of APAC (Australia, India, South Korea)
-
RoW
- Middle East and Africa
- South America
Major Market Developments
- In Nov 2018, OSRAM launched Osconiq S3030, an LED that enables customers to build luminaires with optimum quality, extra-long operational life, and exceptional robustness. These LEDs use modern components designed to meet professional demands in various general lighting applications and are characterized by longer operational life, high performance, and first-class reliability.
- In August 2018, Signify (Philips Lighting) launched a new Philips GreenPower LED top lighting for high output with a light efficacy up to 3.0 µmol/J and an output of 800 µmol/s. This module helps greenhouse growers improve the growth of vegetables, fruits, flowers, and other crops that require a lot of light.
- In March 2018, OSRAM acquired BAG Electronics GmbH (Germany) (a Trilux subsidiary), a company that specialized in LED modules and software for innovative LED lighting solutions, to strengthen OSRAM’s electronic component business and increase its sales and distribution in Germany and Asia.
- In Sept. 2017, Signify (Philips Lighting) launched a new Philips SlimBlend LED luminaire, which meets the trend in offices and other commercial buildings for compact, energy-efficient lighting to suit high ceilings.
Key questions addressed by the report
- Where will all these developments take the industry in the mid to long term?
- What are the upcoming industrial trends for the market?
- What are the opportunities for the various players present now and planning to enter at various stages of the value chain?
- How will the inorganic growth strategies implemented by the key players impact the growth rate of the market and who will have the undue advantage?
- What are the current investment trends in the market?
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
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Table of Contents
1 Introduction (Page No. - 15)
1.1 Study Objectives
1.2 Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Market Segmentation, By Region
1.3.3 Years Considered
1.4 Currency
1.5 Package Size
1.6 Limitations
1.7 Stakeholders
2 Research Methodology (Page No. - 19)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 List of Major Secondary Sources
2.1.1.2 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Breakdown of Primaries
2.1.2.2 Key Data From Primary Sources
2.1.3 Secondary Research and Primary Research
2.1.3.1 Key Industry Insights
2.1.4 Market Size Estimation
2.1.5 Bottom-Up Approach
2.1.5.1 Approach to Capture Market Size of Applications By Bottom-Up Analysis (Demand Side)
2.1.6 Top-Down Approach
2.1.6.1 Approach to Capture Market Size of Applications By Top-Down Analysis (Supply Side)
2.2 Market Breakdown and Data Triangulation
2.3 Research Assumptions
3 Executive Summary (Page No. - 29)
4 Premium Insights (Page No. - 33)
4.1 Attractive Opportunities in Market
4.2 Market, By Product Type
4.3 Market, By Installation Type
4.4 Market, By End-Use Application
4.5 Market, By Product Type and Region
4.6 Market, By Region
5 Market Overview (Page No. - 37)
5.1 Introduction
5.2 Market Evolution
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Modernization and Development of Infrastructure
5.3.1.2 Need for Energy-Efficient Lighting Systems
5.3.1.3 Reduction in LED Price
5.3.1.4 Government Initiatives and Regulations to Adopt Energy-Efficient LEDs
5.3.2 Restraints
5.3.2.1 Lack of Awareness Regarding Installation Cost
5.3.2.2 Development of Alternate Technologies
5.3.3 Opportunities
5.3.3.1 Development of Wireless Technology in LED Lighting Systems
5.3.3.2 Growing Demand From Horticulture Market
5.3.4 Challenges
5.3.4.1 Lack of Common Open Standards
6 LED Light Engine Market, By Product Type (Page No. - 44)
6.1 Introduction
6.2 Lamp
6.2.1 Market for Lamp to Showcase Steady Growth Rate During the Forecast Period
6.3 Luminaire
6.3.1 Market for Luminaire to Hold Largest Share and Grow at Highest Rate During the Forecast Period
7 LED Light Engine Market, By Installation Type (Page No. - 49)
7.1 Introduction
7.2 New Installation
7.2.1 New Installation Type to Hold Larger Share in the Market
7.3 Retrofit Installation
7.3.1 Retrofit Installation Market to Grow With Highest CAGR During the Forecast Period
8 LED Light Engine Market, By End-Use Application (Page No. - 56)
8.1 Introduction
8.2 Indoor Lighting
8.2.1 Residential
8.2.1.1 Residential Subsegment to Hold Largest Market Share in the Indoor Lighting Market During Forecast
8.2.2 Commercial
8.2.2.1 Commercial Subsegment to Contribute Among Major Share in the Overall Indoor Lighting Market During the Forecast Period
8.2.3 Industrial
8.2.3.1 Industrial Subsegment to Grow With Highest CAGR in the Indoor Lighting Market
8.2.4 Others
8.2.4.1 Other (Indoor) Subsegment to Showcase Considerable Growth in the Indoor Lighting Market
8.3 Outdoor Lighting
8.3.1 Highways & Roadways Lighting
8.3.1.1 Highway & Roadways Lighting to Hold Larger Share in the Outdoor Lighting Market
8.3.2 Architectural Lighting
8.3.2.1 Architectural Subsegment to Contribute Considerable Share in the Outdoor Lighting Market
8.3.3 Lighting for Public Places
8.3.3.1 Lighting for Public Places Subsegment to Grow With the Highest CAGR During the Forecast Period
8.3.4 Others
8.3.4.1 Others (Outdoor) Subsegment to Hold Potential for Growth in the Outdoor Lighting Market
9 Geographic Analysis (Page No. - 73)
9.1 Introduction
9.2 North America
9.2.1 US
9.2.1.1 Building Codes Boosting Adoption of New Lighting Technologies
9.2.2 Canada
9.2.2.1 Growing Adoption of LED Lighting Systems
9.3 Europe
9.3.1 UK
9.3.1.1 Rising Demand for Energy-Efficient and Long-Lasting Lighting Systems Drive Market Growth in UK
9.3.2 Germany
9.3.2.1 Increasing Preference for Smart Homes Fuel LED Lighting Market Growth in Germany
9.3.3 France
9.3.3.1 Growing Requirement for Energy Conservation Propel Market Growth in France
9.3.4 Italy
9.3.4.1 Escalating Demand for LED Light Engine From Rebounding Construction Sector Boosts Italian Market Growth
9.3.5 Rest of Europe
9.4 APAC
9.4.1 China
9.4.1.1 Increasing Government Expenditure on Public Infrastructure to Boost LED Lighting Demand in China
9.4.2 Japan
9.4.2.1 Rising Focus on Energy Management Solutions Leads to Increased Adoption of LED Light Engines
9.4.3 Rest of APAC
9.5 RoW
9.5.1 Growing Focus on Real Estate and Urbanization Fuels LED Light Engine Market Growth in Middle East and Africa
10 Competitive Landscape (Page No. - 89)
10.1 Introduction
10.2 Market Player Ranking Analysis
10.3 Competitive Leadership Mapping
10.3.1 Visionary Leaders
10.3.2 Dynamic Differentiators
10.3.3 Innovators
10.3.4 Emerging Companies
10.4 Strength of Product Portfolio (25 Companies)
10.5 Business Strategy Excellence (25 Companies)
11 Company Profiles (Page No. - 96)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)*
11.1 Introduction
11.2 Key Players
11.2.1 Signify Lighting NV
11.2.2 OSRAM Licht Ag
11.2.3 GE Lighting (GE Lighting + Current)
11.2.4 Cree, Inc.
11.2.5 Hubbell Incorporated
11.2.6 Zumtobel Group Ag
11.2.7 Samsung Electronics
11.2.8 Wipro Enterprises (P) Limited
11.2.9 Glamox AS
11.2.10 Lutron Electronics
11.2.11 Acuity Brands, Inc.
11.3 Other Companies
11.3.1 Lumitech LLC
11.3.2 SDA Lighting
11.3.3 Trilux GmbH & Co. Kg
11.3.4 Helvar OY AB
11.3.5 LEDrabrands, Inc.
11.3.6 Ab Fagerhult
11.3.7 Gerard Lighting
11.3.8 Halla, A.S.
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View might not be captured in case of unlisted companies.
12 Appendix (Page No. - 134)
12.1 Insights of Industry Experts
12.2 Discussion Guide
12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
12.4 Available Customizations
12.5 Related Reports
12.6 Author Details
List of Tables (68 Tables)
Table 1 Market, By Product Type, 2016–2024 (USD Million)
Table 2 Market, By Product Type, 2016–2024 (Million Units)
Table 3 Market for Lamp, By Installation Type, 2016–2024 (USD Million)
Table 4 Market for Lamp, By Installation Type, 2016–2024 (Million Units)
Table 5 Market for Luminaire, By Installation Type, 2016–2024 (USD Million)
Table 6 Market for Luminaire, By Installation Type, 2016–2024 (Million Units)
Table 7 Market, By Installation Type, 2016–2024 (USD Million)
Table 8 Market, By Installation Type, 2016–2024 (Million Units)
Table 9 Market for New Installation, By Product Type, 2016–2024 (USD Million)
Table 10 Market for New Installation, By Product Type, 2016–2024 (Million Units)
Table 11 Indoor LED Light Engine for New Installation, By Type, 2016–2024 (USD Million)
Table 12 Outdoor LED Light Engine for New Installation, By Type, 2016–2024 (USD Million)
Table 13 Market for New Installation, By Region, 2016–2024 (USD Million)
Table 14 Market for Retrofit Installation, By Product Type, 2016–2024 (USD Million)
Table 15 Market for Retrofit Installation, By Product Type, 2016–2024 (Million Units)
Table 16 Indoor LED Light Engine for Retrofit Installation, By Type, 2016–2024 (USD Million)
Table 17 Outdoor LED Light Engine for Retrofit Installation, By Type, 2016–2024 (USD Million)
Table 18 Market for Retrofit Installation, By Region, 2016–2024 (USD Million)
Table 19 Market, By End-Use Application, 2016–2024 (USD Million)
Table 20 Market, By End-Use Application, 2016–2024 (Million Units)
Table 21 Market for Indoor Lighting, By Type, 2016–2024 (USD Million)
Table 22 Market for Indoor Lighting, By Type, 2016–2024 (Million Units)
Table 23 Market for Indoor Lighting, By Region, 2016–2024 (USD Million)
Table 24 Market for Indoor Lighting, By Region, 2016–2024 (Million Units)
Table 25 Indoor LED Light Engine for Residential Application, By Region, 2016–2024 (USD Million)
Table 26 Indoor LED Light Engine for Commercial Application, By Region, 2016–2024 (USD Million)
Table 27 Indoor LED Light Engine for Industrial Application, By Region, 2016–2024 (USD Million)
Table 28 Indoor LED Light Engine for Other Applications, By Region, 2016–2024 (USD Million)
Table 29 Market for Indoor Lighting, By Installation Type, 2016–2024 (USD Million)
Table 30 Indoor LED Light Engine for Residential Application, By Installation Type (2016–2024) (USD Million)
Table 31 Indoor LED Light Engine for Commercial Application, By Installation Type, 2016–2024 (USD Million)
Table 32 Indoor LED Light Engine for Industrial Application, By Installation Type, 2016–2024 (USD Million)
Table 33 Indoor LED Light Engine for Other Applications, By Installation Type, 2016–2024 (USD Million)
Table 34 Market for Outdoor Lighting, By Type, 2016–2024 (USD Million)
Table 35 Market for Outdoor Lighting, By Type, 2016–2024 (Million Units)
Table 36 Market for Outdoor Lighting, By Region, 2016–2024 (USD Million)
Table 37 Market for Outdoor Lighting, By Region, 2016–2024 (Million Units)
Table 38 Outdoor LED Light Engine for Highways and Roadways, By Region, 2016–2024 (USD Million)
Table 39 Outdoor LED Light Engine for Architectural Application, By Region, 2016–2024 (USD Million)
Table 40 Outdoor LED Light Engine for Public Places, By Region, 2016–2024 (USD Million)
Table 41 Outdoor LED Light Engine for Other Applications, By Region, 2016–2024 (USD Million)
Table 42 LED Light Engine for Outdoor Lighting, By Installation Type, 2016–2024 (USD Million)
Table 43 Outdoor LED Light Engine for Highways and Roadways, By Installation Type,2016–2024 (USD Million)
Table 44 Outdoor LED Light Engine for Architectural Application, By Installation Type, 2016–2024 (USD Million)
Table 45 Outdoor LED Light Engine for Public Places, By Installation Type,2016–2024 (USD Million)
Table 46 Outdoor LED Light Engine for Other Applications, By Installation Type, 2016–2024 (USD Million)
Table 47 Market, By Region, 2016–2024 (USD Million)
Table 48 Market, By Region, 2016–2024 (Million Units)
Table 49 Market in North America, By End-Use Application, 2016–2024 (USD Million)
Table 50 Indoor LED Light Engine in North America, By Type, 2016–2024 (USD Million)
Table 51 Outdoor LED Light Engine in North America, By Type, 2016–2024 (USD Million)
Table 52 Market in North America, By Installation Type, 2016–2024 (USD Million)
Table 53 Market in North America, By Country, 2016–2024 (USD Million)
Table 54 Market in Europe, By End-Use Application, 2016–2024 (USD Million)
Table 55 Indoor LED Light Engine in Europe, By Type, 2016–2024 (USD Million)
Table 56 Outdoor LED Light Engine in Europe, By Type, 2016–2024 (USD Million)
Table 57 Market in Europe, By Installation Type, 2016–2024 (USD Million)
Table 58 Market in Europe, By Country, 2016–2024 (USD Million)
Table 59 Market in APAC, By End-Use Application, 2016–2024 (USD Million)
Table 60 Indoor LED Light Engine in APAC, By Type, 2016–2024 (USD Million)
Table 61 Outdoor LED Light Engine in APAC, By Type, 2016–2024 (USD Million)
Table 62 Market in APAC, By Installation Type, 2016–2024 (USD Million)
Table 63 Market in APAC, By Country, 2016–2024 (USD Million)
Table 64 Market in RoW, By End-Use Application, 2016–2024 (USD Million)
Table 65 Indoor LED Light Engine in RoW, By Type, 2016–2024 (USD Million)
Table 66 Outdoor LED Light Engine in RoW, By Type, 2016–2024 (USD Million)
Table 67 Market in RoW, By Installation Type, 2016–2024 (USD Million)
Table 68 Market in RoW, By Region, 2016–2024 (USD Million)
List of Figures (40 Figures)
Figure 1 Market Segmentation
Figure 2 Market: Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Market in Terms of Value and Volume, 2019–2024
Figure 7 Indoor Lighting Application Expected to Hold Larger Size of Market By 2024
Figure 8 New Installation Expected to Hold Larger Size of Market During Forecast Period
Figure 9 Market for Luminaires Expected to Hold Larger Market Size By 2024
Figure 10 APAC Accounted for Largest Share of Market in 2018
Figure 11 Rising Need for Energy-Efficient LED Lighting Systems Provide Lucrative Opportunity to Market
Figure 12 Market for Luminaire to Witness Larger Market Size During 2019–2024
Figure 13 New Installation to Hold Larger Market Size During Forecast Period
Figure 14 Outdoor Lighting Expected to Exhibit Higher CAGR in Market During Forecast Period
Figure 15 APAC to Hold Largest Share of Market By 2019
Figure 16 APAC to Hold Largest Market Share of Market During Forecast Period
Figure 17 Evolution of Light and LED Lighting
Figure 18 Market: DROC
Figure 19 US Annual Energy Consumption in Commercial Buildings, 2018
Figure 20 Reduction in LED Price
Figure 21 Market, By Product Type
Figure 22 Market, By Installation Type
Figure 23 Market, By End-Use Application
Figure 24 APAC to Lead the Market for LED Light Engine During Forecast Period
Figure 25 North America: Market Snapshot
Figure 26 Europe: Market Snapshot
Figure 27 APAC: Market Snapshot
Figure 28 Companies Adopted Product Launches/Developments as Key Growth Strategies During 2016–2018
Figure 29 Signify Lighting NV (Netherlands) Dominated Market in 2018
Figure 30 Market (Global) Competitive Leadership Mapping, 2018
Figure 31 Signify Lighting NV: Company Snapshot
Figure 32 OSRAM Licht AG: Company Snapshot
Figure 33 GE Lighting (GE + Current): Company Snapshot
Figure 34 Cree, Inc.: Company Snapshot
Figure 35 Hubbell Incorporated: Company Snapshot
Figure 36 Zumtobel Group AG: Company Snapshot
Figure 37 Samsung Electronics: Company Snapshot
Figure 38 Wipro Enterprises (P) Limited: Company Snapshot
Figure 39 Glamox AS: Company Snapshot
Figure 40 Acuity Brands, Inc.: Company Snapshot
The study involved 4 major activities in estimating the current size of the LED light engine market. Exhaustive secondary research was done to collect information on the LED light engine market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.
Secondary Research
The research methodology used to estimate and forecast the LED light engine market begins with capturing data on revenue of key vendors in the market through secondary research. This study incorporates the use of extensive secondary sources, directories, and databases, such as Hoovers, Bloomberg Businessweek, Factiva, and OneSource to identify and collect information useful for technical, market-oriented, and commercial study of the LED light engine market. The vendor offerings have also been taken into consideration to determine the market segmentation. This entire research methodology, includes the study of annual and financial reports of top players, presentations, press releases, journals, paid databases, trade directories, regulatory bodies, and safety standard organizations.
Primary Research
The LED light engine market comprises several stakeholders, such as suppliers, suppliers of standard components, original equipment manufacturers (OEMs), integrators, and solutions providers, in the supply chain. The supply side is characterized by advancements in types of LED light engines and their diverse end–use applications. Various primary sources from supply and demand sides of the market have been interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary respondents.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches have been used to estimate and validate the total size of the LED light engine market. These methods have also been used extensively to estimate the size of various market subsegments. The research methodology used to estimate the market size includes the following:
- Key players in major applications and markets have been identified through extensive secondary research.
- The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation
After arriving at the overall market size—using the estimation processes as explained above—the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation, and market breakdown procedures have been employed, wherever applicable. The data have been triangulated by studying various factors and trends from both the demand and supply sides in the areas of indoor lighting and outdoor lighting.
Research Objective
- To describe and forecast the global LED light engine market by product type, installation type, end–use application, and geography in terms of value
- To describe and forecast the global LED light engine market by product type, installation type, end–use application, and geography in terms of shipment
- To forecast the market size, in terms of value, for various segments with regard to 4 main regions, namely, North America, Europe, APAC, and RoW
- To forecast the market size, in terms of shipment, for various segments with regard to 4 main regions, namely, North America, Europe, APAC, and RoW
- To provide detailed information regarding (drivers, restraints, opportunities, and challenges) pertaining to the LED light engine market
- To strategically analyze micromarkets1 with respect to the individual growth trends, future prospects, and contribution to the total market
- To analyze the opportunities in the market for various stakeholders by identifying high-growth segments in the overall LED light engine market
- To strategically profile the key players and comprehensively analyze their market ranking in terms of revenue and core competencies2
- To analyze competitive developments, such as joint ventures, mergers & acquisitions, new product launches & developments, and research & development in the LED light engine market
Available Customizations
Along with the market data, MarketsandMarkets offers customizations according to a company’s specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (Up to 5)
Critical Questions
- What are the new application areas explored by LED light engine products/solutions providers?
- Which are the key players in the market and how intense is the competition?
Growth opportunities and latent adjacency in LED Light Engine Market