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Global Market Study on Architectural LED Products: Driven by Price Commoditization and Significant Growth in Enhanced Performance, Persistence Market ResearchLONDON, Nov. 16, 2016 /PRNewswire/ -- Architectural LED lights are used for illuminating monuments, museums, building structures, and bridges with the artistic integration of light source. Architectural LED lighting is implemented at indoor and outdoor places for decorative purpose. On the basis of applications, the market is segmented as follows: Cove Lighting Wall washing In ground Backlight Others (Specialty Lighting) Of the above-mentioned segments, in terms of value and volume, the wall washing segment is expected to register the highest CAGR during the forecast period. Leading market participants are investing heavily in R&D activities in order to innovate new advance architectural LED lighting products solutions that would cater to the demand of distinct product across various regions. For instance, in June 2014, OSRAM SYLVANIA Inc. launched OSRAM RLD6, a six-inch LED architectural downlight, at the LIGHTFAIR International 2014 - an annual architectural and commercial lighting trade show and conference, held in Las Vegas, U.S. The report also analyses market on the basis of end users and provides the market size in terms of value and volume for the forecast period. On the basis of end users, the market is segmented as follows: Residential Commercial Of the above-mentioned segments, the commercial segment is expected to expand at the highest CAGR during the forecast period, in terms of value and volume both. The commercial segment is further segmented as retail, it & telecom, BFSI, media & entertainment, healthcare and others (government offices, museums, educational institutes and place of worship). Among the commercial sectors, the others sub-segment (government offices, museums, educational institutes, and place of worship) is anticipated to dominate the market with highest market share by 2021 end, in terms of both value and volume. The report also analyzes the market across various geographies and provides the market size in terms of value and volume for the forecast period: 2015-2021 Regions covered in the report are as follows: North America Asia Pacific Europe The Middle East & Africa Latin America Of the aforementioned segments, in terms of value, the Asia-Pacific market is expected to register the highest CAGR during the forecast period and is expected to remain largest market share, out of the total architectural LED products market by 2021. The report on the global architectural LED products market profiles some of the key players including Cooper Industries PLC (Eaton Corporation), Philips Lumileds Lighting Company, Osram Lict AG, Epistar Corporation, Cree, Inc., Verbatim Ltd., GE Lighting Solutions, Samsung Electronics Co., Ltd., Toshiba Lighting & Technology Corporation, and Galaxia Electronics Co. Ltd. Download the full report: https://www.reportbuyer.com/product/4040030/ About Reportbuyer Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers http://www.reportbuyer.com For more information: Sarah Smith Research Advisor at Reportbuyer.com Email: [email protected] Tel: +44 208 816 85 48 Website: www.reportbuyer.com To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-market-study-on-architectural-led-products-driven-by-price-commoditization-and-significant-growth-in-enhanced-performance-persistence-market-research-300364797.html SOURCE ReportBuyer |