The key vendors mentioned are Ab Fagerhult, Acuity Brands, Inc., Cree, Inc., GE Lighting (GE Lighting + Current), Gerard Lighting, Glamox AS, Halla, A.S., Hubbell Incorporated, Samsung Electronics, Signify Lighting NV, Wipro Enterprises (P) Limited, and Zumtobel Group Ag.
— The Global LED Light Engine market is expected to reach $ 84.79 billion by 2026 growing at a CAGR of 16.0% from 2018 to 2026. The LED light engine is the current lighting equipment with better competence and enhanced stability. These light engines can be used in place of conventional lamps. Some of the factors such as transformation and expansion of infrastructure required for energy-efficient lighting systems and decrease in led price are fuelling the market growth. However, lack of alertness concerning installation charge, and expansion of alternate technology is restraining the market growth.
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Based on Installation, retrofit installations are likely to improve due to the growing replacements of incandescent lamps through energy-efficient radiance sources, such as LED lamps is the main feature contributing to the growth of the market for retrofit installations for LED light engines.
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• Retrofit Installation
• New Installation
End Users Covered:
• Outdoor Lighting
• Indoor Lighting
• North America
• Asia Pacific
• South America
• Middle East & Africa
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Key Questions Answered in this Report:
• How this market evolved since the year 2016
• Market size estimations, forecasts and CAGR for all the segments presented in the scope
• Key Market Developments and financials of the key players
• Opportunity Analysis for the new entrants
• SWOT Analysis of the key players
• Fastest growing markets analyzed during the forecast period
Release ID: 88906138