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

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Global LED Bulb Market Fuelling Due to Government
Support
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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.
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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
  market.
• 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//www.imarcgroup.com/led
  -bulb-manufacturing-plant

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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//www.imarcgroup.com/request?
typereportid727flagB
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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 
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  istant-market
• Ice Maker Market https//www.imarcgroup.com/ice-m
  aker-market

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Report Description and Highlights
Report Description

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