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LED Market Size to Grow by USD 96.82 bn | Acuity Brands Inc. and ams AG Among Key Vendors | TechnavioNEW YORK, May 9, 2022 /PRNewswire/ -- The LED market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market. The market size is expected to grow by USD 96.82 bn from 2020 to 2025, according to Technavio. Moreover, the growth momentum of the market will accelerate at a CAGR of 13.10%.
Make confident decisions using the insights and analysis provided by Technavio. Download a Sample Report Read the report with TOC on "LED Market Analysis Report by Application (general lighting, backlighting, automotive lighting, and others), Geography (APAC, Europe, North America, South America, and MEA), and Product (luminaires and lamps) Forecasts, 2021-2025". View our Report Snapshot Major Five LED Companies: Key Offerings
Get lifetime access to our Technavio Insights! Subscribe to our "Basic Plan" billed annually at USD 5000 LED Market Application Outlook (Revenue, USD bn, 2020-2025)
LED Market Geography Outlook (Revenue, USD bn, 2020-2025)
LED Market Product Outlook (Revenue, USD bn, 2020-2025)
Do you want to learn about the contribution of each segment of the market? Download an Exclusive Sample Report Regional Analysis APAC will account for 50% of the market's growth during the forecast period. The increased demand for LED solutions from the residential and commercial segments will drive the LED market growth in APAC during the forecast period. Market growth in this region will be faster than the growth of the market in North America and MEA. China, Japan, and India are the key countries for the LED market in APAC. APAC has become a hub for industries such as retail, hospitality, and healthcare. Several multinational companies are also setting up their offices in the region. Furthermore, improving IT infrastructure is leading to the development of smart infrastructure in several countries in the region. The growing construction market, coupled with increasing investments by governments in infrastructure projects in various countries in the region, will create significant growth potential for the LED market. This is accelerating the demand for efficient lighting solutions such as LEDs. In addition, developing countries such as China and India will witness many international events being organized during the forecast period. Related Reports: DRAM Market by Application, Technology, and Geography - Forecast and Analysis 2022-2026 Radio Frequency (RF) MEMS Market by Application and Geography - Forecast and Analysis 2022-2026
Table of Contents Executive Summary Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Market Segmentation by Application
Customer landscape Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research
SOURCE Technavio 
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