High Brightness (HB) LED Market – Global Industry Analysis Report, Share, Size, Growth, Price Trends and Forecast, 2023 - PowerPoint PPT Presentation

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High Brightness (HB) LED Market – Global Industry Analysis Report, Share, Size, Growth, Price Trends and Forecast, 2023

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Request for a sample of this research report @ According to a new study by Global Market Insights Inc., High Brightness LED Market size is anticipated to surpass USD 22 billion, at 4.9% by 2023. Growing awareness and government initiatives concerning energy conservation are likely to propel the demand soon. The report comprises of an overview of the market with in-depth analysis of key factors and key trends driving the market. It also includes the current market scenario, forecast, and estimations for the projected period. – PowerPoint PPT presentation

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Title: High Brightness (HB) LED Market – Global Industry Analysis Report, Share, Size, Growth, Price Trends and Forecast, 2023


1
High Brightness (HB) LED Market Global Industry
Analysis Report, Share, Size, Growth, Price
Trends and Forecast, 2016 2023 Fractovia.org
Fuel Cell Market size worth 25.5bn by 2024
2
Overview
  • According to a new study by Global Market
    Insights Inc., High Brightness LED Market size is
    anticipated to surpass USD 22 billion, at 4.9 by
    2023. Growing awareness and government
    initiatives concerning energy conservation are
    likely to propel the demand soon. The report
    comprises of an overview of the market with
    in-depth analysis of key factors and key trends
    driving the market. It also includes the current
    market scenario, forecast, and estimations for
    the projected period.
  • High brightness LED bulbs are robust, efficient
    and are likely to have a greater life span as
    compared to other types. They aid more than 50
    energy savings over conventional technologies.
    All these features are anticipated to boost the
    market demand in the next few years. Longer life
    span leads to low replacement costs. Low prices
    HB LED will be a key strategy for manufacturers
    to further the demand over the projected time
    frame. Increasing use in heat sensitive
    applications including textile and food
    illumination is poised to impel HB LED market
    growth over the predicted period. The high
    initial cost may hamper the acceptance and growth
    across the industry.

3
Continued
  • Lighting application is expected to surge and
    register more than USD 7.4 billion by 2023.
    Factors like increased consumer awareness and
    consistent growth in sales of replacement lamps,
    downlights, commercial, industrial and outdoor
    products are likely to drive the demand.
  • The mobile segment is anticipated to reach USD
    3.60 billion at a growing CAGR of 5.1 by 2023.
    The proliferation of mobile devices is likely to
    leverage the demand soon.
  • Asia Pacific led the HB LED market segment and is
    projected to register growth at 5.5 CAGR in next
    seven years. Support and initiatives for energy
    conservation in various countries are likely to
    create growth avenues in the market over the
    forecast period. Europe market share is expected
    to witness exponential growth at 4.4 CAGR by
    2023.

4
U.S. high brightness (HB) LED market size, by
application, 2012-2023 (USD Billion)

5

Browse Full Market Research Report High
Brightness (HB) LED Market _at_ http//bit.ly/2f6IWHB
tps//goo.gl/ip6Hl6 Request for a Sample of
this Research report _at_ https//www.fractovia.org/r
equest-sample/130
6
Continued
  • The report analyzes the competitive landscape of
    the HB LED market with company profiles, key
    strategies, market trends listed in the report.
    Key players in the market include Kingbright
    Electronic, Nichia, Cree, Seoul Semiconductor and
    Broadcom.
  • Other noteworthy names include OSRAM GmbH, Sharp,
    Samsung Electronics, and Moritex. Patents and
    brands are key focus areas of manufacturers to
    reinforce overseas distribution channels and perk
    up the patent portfolio. Lowering HB LED market
    price trend is likely to help overcome growth
    challenges over the projected period.

7
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