Global LED Bulb Market Share, Size, Price Trends And Research Report (2018-2023) - PowerPoint PPT Presentation

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Global LED Bulb Market Share, Size, Price Trends And Research Report (2018-2023)


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Title: Global LED Bulb Market Share, Size, Price Trends And Research Report (2018-2023)

Global LED Bulb Market Fuelling Due to Government
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Report Description and Highlights
Report Description
Global LED Bulb Market Fuelling Due to Government
Support The global LED bulb market has been
growing at a moderate rate, over the past few
years. Some of the factors which are giving
impetus to the market include rising awareness
about environment, emergence of eco-friendly
technologies, descending prices of LED bulbs,
government initiatives, mounting population
growth, rapid urbanisation, elevating income
levels, etc. LED (light emitting diode) bulb
refers to an electric lamp which contains a
cluster of LEDs mounted on a single base and
enclosed in the diffuser lens. In comparison to
incandescent and fluorescent lights, LED bulbs
are associated with several advantages such as
serving a longer time-span, consuming less
energy, generating lower heat output, compact
size, etc. They are widely available in various
ranges of colours, shapes and watts. A new
research report titled LED Bulb Market Global
Industry Trends, Share, Size, Growth, Opportunity
and Forecast 2018-2023 by IMARC Group estimates
that the global LED bulb market worth was around
US 5 Billion in 2017. The report further
anticipates the market to reach approximately US
9 Billion by 2023, at a projected CAGR of more
than 11 over the forecast period.
Report Description and Highlights
Report Description
  • Global LED Bulb Market Drivers/Constraints
  • One of the major factors bolstering the market
    demand for LED bulbs is the rising awareness
    about environment degradation and advent of
    eco-friendly technologies, such as LED bulbs
    which save up to 90 of energy and emit no
    greenhouse gas.
  • Various government initiatives across several
    countries, particularly in the emerging regions,
    for prohibiting the use of incandescent bulbs and
    encouraging the purchase of LED bulbs acts as
    another force fostering the global LED bulb
  • Some of the other factors propelling the market
    growth include rising global population, rapid
    urbanisation, rising disposable incomes, scarcity
    of non-renewable resources for generating
    electricity and reducing prices of LED bulbs.
  • However, lack of awareness amongst the users may
    impede the market growth of LED bulbs. Moreover,
    the prices of LED bulbs are comparatively higher
    than incandescent and fluorescent bulbs.
  • Read more here https//

Report Description and Highlights
Report Description
Application Insights Based on application, the
market is segregated into retrofit, retail and
hospitality, outdoor, offices, architectural,
residential, and industrial. Owing to their
dimmable colour temperature potency, LED bulbs
are used widely for the aforementioned
applications.  Regional Insights On a
geographical front, India enjoys a leading
position in the global LED bulb market,
accounting for the largest market share. India is
followed by China, Europe, the United States,
Japan, Brazil, Russia and Others. Request Sample
Of The Report https//
Report Description and Highlights
  • Competitive Landscape
  • Being fragmented in nature, the market is
    surrounded by numerous small and large
    manufacturers who compete in terms of prices and
    quality. There is a strong competition in the
    market which makes it difficult for small players
    to survive. Some of the leading players operating
    in the market are
  • Nichia
  • Osram
  • Samsung Electronics
  • Everlight Electronics
  • Browse more related reports 
  • Intelligent Virtual Assistant Market 
  • Ice Maker Market https//

Report Description and Highlights
Report Description

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Market Analysis Research and Consulting
(IMARC). Disclaimer All contents and data of
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