The High Power LED Market will reach at an estimated value of USD 6.60 billion and grow at a CAGR of 4.20% in the forecast period of 2021 to 2028. Rising long life and continuous usage is an essential factor driving the high power LED market.
Rising high brightness LED applications is a crucial factor accelerating the market growth, also increasing adoption of energy-efficient lighting solutions, rising Hb-led light applications, rising large scale replacements of traditional luminaires, continuous falling cost of Led component, increasing extensive adoption of innovative technologies or instance strong intelligent systems, IoT, real-time monitoring of illumination, rising technological advancement in connected lighting, rising government initiatives towards green construction and high demand from automotive industry are the major factors among others boosting the high power LED market. Moreover, rising research and development activities in the market, increasing modernization in the products offered in the market, rising demand for smart lighting systems and rising awareness regarding implementation of energy-efficient systems will further create new opportunities for high power LED market in the forecast period mentioned above.
The important factors influencing the growth of the High Power LED market have been examined in this report. The driving factors that are boosting demand for High Power LEDs and the restraining factors that are slowing growth of the High Power LED industry are addressed in depth, as well as their implications for the worldwide High Power LED market. In addition, the published analysis identifies and discusses in detail the trends that are driving the market and impacting its growth. In addition, other qualitative variables such as risks connected with operations and key problems faced by market players are covered in the report.
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Leading Key Players Operating in the High Power LED Market Includes:
The major players covered in high power LED market report are Cree, Inc., NICHIA CORPORATION, OSRAM GmbH, SAMSUNG, EVERLIGHT, Lumileds Holding B.V, EPISTAR Corporation, LG INNOTEK, Broadcom, Excelitas Technologies Corp., High Power Lighting Corporation, Lextar Electronics Corporation, ROHM Co. Ltd., Kingbright Electronic Co. Ltd, Würth Elektronik GmbH & Co. KG, Seoul Semiconductor Co., Ltd, Luckylight Electronics Co., Ltd, Plessey, Betlux Electronics Co., Ltd, EFFILUX, Lite-On, Crescent Opto Private Limited, Vollong Electronics Co.,Limited, Stanley Electric, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Key Market Segments:
- On the basis of packaging type, high power LED market is segmented into flip chip, mesa, and vertical.
- Based on application, the high power LED market is segmented into general lighting, automotive, flash lighting and backlighting.
- The high power LED market is also segmented on the basis of wattage into 1-2.9 W, 3-4.9 W, 5-10 W and4 >10 W.
High Power LED Market, By Region:
- North America (USA, Canada and Mexico)
- Europe (Germany, France, the United Kingdom, Netherlands, Russia, Italy and Rest of Europe)
- Asia-Pacific (China, Japan, Australia, New Zealand, South Korea, India and Southeast Asia)
- South America (Brazil, Argentina, Colombia, rest of countries etc.)
- Middle East and Africa (Saudi Arabia, United Arab Emirates, Israel, Egypt, Nigeria and South Africa)
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