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High Power LED Market- By Type, Component, Industry, Region – Market Size, Demand Forecasts, Company Profiles, Industry Trends and Updates ( 2018 – 2028

Press Release

About global High Power LED market

The latest global High Power LED market study is an in-depth and professional assessment of the current situation of the global High Power LED industry, including market size, revenue, pricing, trends, and future prospects. According to the report, the global High Power LED market pegged a value of ~US$ xx Mn/Bn in 2018 and is expected to progress at a CAGR of xx% during the foreseeable timeframe 2019-2029.  

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market segmentation, and its future prospects in consideration. It also offers a deep insight into the market dynamics, in order to understand the status of the worldwide High power LED market over the period of 2019 – 2027.

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Global High Power LED Market: Notable Developments

The global High power LED market displays a highly competitive and fragmented business landscape. Cree, Samsung, OSRAM, Lumileds, LG Innotek, MLS, and Seoul Semiconductor are leading this market. These players are putting in considerable efforts in innovation and product development to compete with each other. Moving forward, they will be involved more in strategic partnerships with smaller players to strengthen their position in the global high power LED market in the years to come. They are also looking forward to expand their bases across developing countries in the near future.

Let’s have look at notables developments happened in this market in the recent past:

  • Recently, Lumileds made an announcement relating to the novel additions to its LUXEON CoB LED product line, specially to the LUXEON CoB range and the LUXEON CoB Core range. The company is focusing on expanding its portfolio to strengthen its market presence. Previously, Lumileds, in partnership with Melexis, achieved a breakthrough in the operation of high power infrared LEDs. A team of researchers from Melexis and Lumileds demonstrated an operation of LUXEON IR LEDs of up to 40MHz. This development in the high-frequency operation of LUXEON IR expands the range of application of LEDs, which were previously limited by eye-safety or cost constraints.

Global High Power LED Market: Market Dynamics

With the significant rise in environmental concerns among consumers, the uptake of LED lights will increase in buildings, leading to a high growth in the global high power LED market. The ongoing expansion in the general lighting industry is also reflecting on the demand for high power LED lights. However, the availability of cheaper LED lights, especially manufactured by Chinese manufacturers, may hamper the demand for high power LEDs in the years to come. Nonetheless, the eco-friendliness of high power LEDs, as they do not contain mercury, which is quite hazardous, will normalize the impact of restraining factors and lead to a high-paced growth of the worldwide high power LED market in the next couple of years.

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Europe to Lead Global High Power LED Market

North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa have surfaced as the main categories of the worldwide high power LED market, in terms of the region. With a significant number of research activities taking place and increasing investments by players, Europe has been leading the global market. The current market scenario points towards the continued dominance of Europe over the global high power LED market in the forthcoming years.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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The High Power LED market report answers some of the important questions, including:

  1. What value is the High Power LED market estimated to register in 2019?
  2. What are the challenges and opportunities the High Power LED market hold for the stakeholders?
  3. How is the global High Power LED market distributed among the vendors?
  4. What tactics are the High Power LED market vendors executing to stay ahead of their rivals?
  5. Why is the growth of the global High Power LED market slowing down over the forecast period?

The report provides the following data:

  • Supply-side as well as demand-side trends of the High Power LED market across various regions.
  • Market revenue, and production capacity of the High Power LED market during the historic year as well as forecast year.
  • Impact of modern technologies, such as big data & analytics, artificial intelligence, and social media platforms on the global High Power LED market.
  • The pros and cons of High Power LED on environment and human health.
  • Adoption pattern of High Power LED among various end use industries.

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The High Power LED market report presents accurate and up-to-date insights regarding the High Power LED market from trusted suppliers, service providers, and value chain partners via extensive primary and secondary research. The information regarding each market vendor includes company background, main market insight, SWOT analysis, sales, revenue, pricing and gross margin, and market share. 

About TMR

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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