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Global LED Light Engine Market: By Product: Lamp, Luminaire; By Form: Flexible, Rigid; By Installation Type: New Installation, Retrofit Installation; By End Use: Residential, Commercial, Industrial; Regional Analysis; Historical Market and Forecast (2016-2026); SWOT Analysis; Competitive Landscape; Industry Events and Developments

Global LED Light Engine Market Outlook

The LED light engine market stood at a value of almost USD 31 billion in 2020. The industry is further expected to grow at a CAGR of 15% over the forecast period of 2021-2026.

 

Global LED Light Engine Market

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Properties and Applications

LED light engine usually comprises of an LED chip installed on a circuit board with electrical and mechanical attachments, which means that it is prepared to be fixed in the luminaire.

 

Global LED Light Engine Market By End Use

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The global LED light engine industry can be divided based on segments like products, forms, installation types, and end-uses.

The industry can be divided based on its products into lamp and luminaire. The industry can be divided based on its forms as flexible and rigid. Rigid LED light engine can be further subdivided into linear and round, among others. The industry can be bifurcated based on installation type into new installation and retrofit installation. The industry can be broadly categorised based on its end-uses into:

  • Residential
  • Commercial
  • Industrial
  • Others

The EMR report looks into the regional LED light engine markets like North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.

 

Global LED Light Engine Market By Region

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Market Analysis

The increased demand for energy-efficient lighting systems is the key variable affecting the market growth. Modernising and developing infrastructure, such as smart cities, leading to the application of IoT-based lighting technologies is driving the industry growth. Further, reduced LED prices, increased penetration of LEDs as light sources in general lighting, and the fast growth of LED technology over standard lighting are providing a further boost to the market growth. It is anticipated that indoor lighting will have a higher market share than outdoor lighting. The housing market is anticipated to have enormous potential in the future.

 

Competitive Landscape

The report presents a detailed analysis of the following key players in the global LED light engine market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Nichia Corporation     
  • Osram Licht AG 
  • Samsung Electronics Co. Ltd.  
  • Everlight Electronics      
  • Wipro Enterprises (P) Limited     
  • Signify Lighting NV      
  • Lutron Electronics Company 
  • Seoul Semiconductor Co ltd 
  • Cree Inc (NASDAQ: CREE)
  • Lumileds 
  • Hubbell Incorporated  
  • Others

The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2016-2020
Forecast Period 2021-2026
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and
Forecast Market Analysis by Segment- Product, Form, Installation Type, End Use, Region
Breakup by Product Lamp, Luminaire
Breakup by Form Flexible, Rigid
Breakup by Installation Type New Installation, Retrofit Installation
Breakup by End Use Residential, Commercial, Industrial, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Nichia Corporation, Osram Licht AG (ETR: OSR), Samsung Electronics Co. Ltd.
(KRX: 005930), Everlight Electronics (TPE: 2393), Wipro Enterprises (P) Limited,
Signify Lighting NV, Lutron Electronics Company, Seoul Semiconductor Co ltd
(KOSDAQ: 046890), Cree Inc (NASDAQ: CREE), Lumileds, Hubbell Incorporated (NYSE: HUBB), Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
    1.1    Objectives of the Study
        1.1.1    Research Objective
        1.1.2    Key Findings of the Report
2    Research Methodology
    2.1    Data Extraction
    2.2    Data Corroboration
    2.3    Market Structure
    2.4    Assumptions
    2.5    Market Models
3    Introduction
    3.1    Market Outlook
    3.2    Market Scope and Segmentation
    3.3    Additional Insights
4    Executive Summary
    4.1    Key Market Developments
    4.2    Market Analysis
    4.3    Key Players
    4.4    Cost Structure
    4.5    Market Revenue and Growth
5    Market Dynamics
    5.1    Market Driver Analysis
    5.2    Market Restraint Analysis
    5.3    Industry Challenges
    5.4    Industry Opportunities
6    Global LED Light Engine Market Analysis
    6.1    Global LED Light Engine Historical Market (2016-2020) & Forecast (2021-2026)
    6.2    Global LED Light Engine Market Breakup by Product
        6.2.1    Lamp 
        6.2.2    Luminaire
    6.3    Global LED Light Engine Market Breakup by Product: Historical Market (2016-2020) & Forecast (2021-2026)
        6.3.1    Lamp 
        6.3.2    Luminaire 
    6.4    Global LED Light Engine Market Breakup by Form
        6.4.1    Flexible
        6.4.2    Rigid
            6.4.2.1    Linear
            6.4.2.2    Round
            6.4.2.3    Others
    6.5    Global LED Light Engine Market Breakup by Form: Historical Market (2016-2020) & Forecast (2021-2026)
        6.5.1    Flexible
        6.5.2    Rigid
            6.5.2.1    Linear
            6.5.2.2    Round
            6.5.2.3    Others
    6.6    Global LED Light Engine Market Breakup by Installation Type
        6.6.1    New Installation 
        6.6.2    Retrofit Installation 
    6.7    Global LED Light Engine Market Breakup by Installation Type: Historical Market (2016-2020) & Forecast (2021-2026)
        6.7.1    New Installation 
        6.7.2    Retrofit Installation 
    6.8    Global LED Light Engine Market Breakup by End Use
        6.8.1    Residential
        6.8.2    Commercial
        6.8.3    Industrial
        6.8.4    Others
    6.9    Global LED Light Engine Market Breakup by End Use: Historical Market (2016-2020) & Forecast (2021-2026)
        6.9.1    Residential
        6.9.2    Commercial
        6.9.3    Industrial
        6.9.4    Others
    6.10    Global LED Light Engine Market Breakup by Region
        6.10.1    North America
            6.10.1.1    United States of America
            6.10.1.2    Canada
        6.10.2    Europe
            6.10.2.1    Germany
            6.10.2.2    United Kingdom
            6.10.2.3    France
            6.10.2.4    Italy
            6.10.2.5    Others
        6.10.3    Asia Pacific
            6.10.3.1    China
            6.10.3.2    Japan
            6.10.3.3    India
            6.10.3.4    ASEAN
            6.10.3.5    Others
        6.10.4    Latin America
            6.10.4.1    Brazil
            6.10.4.2    Argentina
            6.10.4.3    Mexico
            6.10.4.4    Others
        6.10.5    Middle East & Africa
            6.10.5.1    Saudi Arabia
            6.10.5.2    United Arab Emirates
            6.10.5.3    Nigeria
            6.10.5.4    South Africa
            6.10.5.5    Others
    6.11    Global LED Light Engine Market Breakup by Region: Historical Market (2016-2020) & Forecast (2021-2026)
        6.11.1    North America
            6.11.1.1    United States of America
            6.11.1.2    Canada
        6.11.2    Europe
            6.11.2.1    Germany
            6.11.2.2    United Kingdom
            6.11.2.3    France
            6.11.2.4    Italy
            6.11.2.5    Others
        6.11.3    Asia Pacific
            6.11.3.1    China
            6.11.3.2    Japan
            6.11.3.3    India
            6.11.3.4    ASEAN
            6.11.3.5    Others
        6.11.4    Latin America
            6.11.4.1    Brazil
            6.11.4.2    Argentina
            6.11.4.3    Mexico
            6.11.4.4    Others
        6.11.5    Middle East & Africa
            6.11.5.1    Saudi Arabia
            6.11.5.2    United Arab Emirates
            6.11.5.3    Nigeria
            6.11.5.4    South Africa
            6.11.5.5    Others
7    SWOT Analysis
    7.1    Overview
    7.2    Strengths
    7.3    Weaknesses
    7.4    Opportunities
    7.5    Threats
8    Porter’s Five Forces Analysis
    8.1    Overview
    8.2    Buyer’s Power
    8.3    Supplier’s Power
    8.4    New Entrants
    8.5    Degree of Rivalry
    8.6    Substitutes
9    Competitive Landscape & Supplier Analysis
    9.1    Nichia Corporation
        9.1.1    Company Overview
        9.1.2    Financial Analysis
    9.2    Osram Licht AG (ETR: OSR)
        9.2.1    Company Overview
        9.2.2    Financial Analysis
    9.3    Samsung Electronics Co. Ltd. (KRX: 005930)
        9.3.1    Company Overview
        9.3.2    Financial Analysis
    9.4    Everlight Electronics (TPE: 2393)
        9.4.1    Company Overview
        9.4.2    Financial Analysis
    9.5    Wipro Enterprises (P) Limited
        9.5.1    Company Overview
        9.5.2    Financial Analysis
    9.6    Signify Lighting NV
        9.6.1    Company Overview
        9.6.2    Financial Analysis
    9.7    Lutron Electronics Company
        9.7.1    Company Overview
        9.7.2    Financial Analysis
    9.8    Seoul Semiconductor Co ltd (KOSDAQ: 046890)
        9.8.1    Company Overview
        9.8.2    Financial Analysis
    9.9    Cree Inc (NASDAQ: CREE)
        9.9.1    Company Overview
        9.9.2    Financial Analysis
    9.10    Lumileds 
        9.10.1    Company Overview
        9.10.2    Financial Analysis
    9.11    Hubbell Incorporated (NYSE: HUBB)
        9.11.1    Company Overview
        9.11.2    Financial Analysis
    9.12    Others
10    Events and Development

Key Questions Answered in the Report

In 2020, the global LED light engine market attained a value of nearly USD 31 billion.

The market is projected to grow at a CAGR of 15% between 2021 and 2026.

The major industry drivers are rising industrialisation, increasing demand for energy efficient lighting systems and developing infrastructure.

The key trends in the market are reduced prices of LED and penetration of LEDs as a light source and the fast growth of LED technology.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The dominant type of LED light engine in the industry are lamps and luminaires.

The forms of the product include flexible and rigid. Rigid segment can be further divided into linear and round, among others.

The installation types include new installation and retrofit installation.

The end-use sectors include residential, commercial, and industrial, among others.

The major players in the industry are Nichia Corporation, Osram Licht AG, Samsung Electronics Co. Ltd., Everlight Electronics, Wipro Enterprises (P) Limited, Signify Lighting NV, Lutron Electronics Company, Seoul Semiconductor Co ltd, Cree Inc (NASDAQ: CREE), Lumileds, and Hubbell Incorporated, among others.

Analyst Review

The global LED light engine market attained a value of USD 31 billion in 2020, driven by the increasing demand for energy efficient lighting systems and developing infrastructure. Aided by the reduced prices of LED and penetration of LEDs as a light source and the fast growth of LED technology, the market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 15%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its products, the LED light engine industry can be segmented lamps and luminaires. The forms of the product include flexible and rigid. Rigid segment can be further divided into linear and round, among others. The installation types include new installation and retrofit installation. The end-use sectors include residential, commercial, and industrial, among others. The major regional markets for LED light engine are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Nichia Corporation, Osram Licht AG, Samsung Electronics Co. Ltd., Everlight Electronics, Wipro Enterprises (P) Limited, Signify Lighting NV, Lutron Electronics Company, Seoul Semiconductor Co ltd, Cree Inc (NASDAQ: CREE), Lumileds, Hubbell Incorporated, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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