Light Engine Market size was valued at US$ 18.82 Bn. in 2020 and the total revenue is expected to grow at 12.9 % through 2021 to 2027, Light Engine market is reaching nearly US$ 44 Bn. by 2027.
Light Engine Market Overview:Light engine technology is focused to creating high-quality architectural lighting products that meet severe specifications. The light engine resembles the LEDs that are installed on the board. It can be used for thermal management, protection, and power regulation. In the report, the revenue impact of the COVID-19 pandemic on market leaders, market followers, and disrupters was examined, and the same is reflected in our analysis. The LED equivalent of a traditional lamp is a light engine. It usually comprises of an LED chip attached on a circuit board with electrical and mechanical connections, ready to be installed in a luminaire. The light engine may not be made up of just one chip; it could be made up of an array of nine or sixteen, with or without a phosphor covering. To know about the Research Methodology :- Request Free Sample Report The report has covered the market trends from 2015 to forecast the market through 2027. 2020 is considered a base year however 2020’s numbers are on real output of the companies in the market. Special attention is given to 2020 and effect of lockdown on the demand and supply, and also the impact of lockdown for next two years on the market. Some companies have done well in lockdown also and specific strategic analysis of those companies is done in the report.
Light Engine Market Dynamics:Rising urbanization has resulted in technical innovation, which is providing consumers and businesses with new technology and products. LEDs put on a board are similar to light engines. The light engine manages thermals, provides protection, and regulates power to the LEDs. Light engines provide a number of advantages, including cost savings because they are connected directly to the main power source, removing the need for an extra power supply. The design of these engines is more versatile due to their direct communication. The decrease in the cost of semiconductor equipment is critical to the global market's growth. In addition, rising usage of flexible light engines in residential and commercial areas is expected to drive the market forward in the forecast years. The market's growth would be hampered by a lack of understanding about installation costs and the rapid development of alternative technologies. On the strength of increasing consumer demand in an urbanized world, light engines, which are regarded the equivalent of LED in conventional lighting, have come a long way. The widespread adoption of LED in both commercial and residential applications is a major driver of demand in the light engine market. The ongoing attention on LED light engines and modules has been substantially fuelled by developing environmental and energy requirements throughout the years. Consumers are becoming more aware of the need to conserve energy and cut costs when using electricity. The use of light engines has increased as a result of this. The growing trend of energy-efficient lighting usage in the automobile industry is thus an attractive offer for light engine manufacturers. The increased use of light engine architecture in street lighting is due to the fact that urbanization is a key trend influencing market demand dynamics. In recent years, governments and industry actors have increased their efforts to raise awareness about energy efficiency. Global Light Engine Market Segment Analysis: the Light Engine market is segmented into Form and Application. Based on Application, the market is sub-segmented into Residential, Commercial, Industrial and others. The residential lighting segment in its industry size segment dominated the total light engine market in 2020, accounting for more than 55.0 % of market revenue, and is predicted to increase at a substantial CAGR throughout the forecast period. Globally, increased urbanisation and infrastructural development are regarded to be the primary factors driving the market. The market is also being fuelled by the growing population and increased demand for homes and apartments.
Light Engine Market Regional Analysis:Asia-Pacific dominated the worldwide light engine market in 2020, with a market share of more than 30.0 %. The market is likely to be driven by increased use of energy efficient technology and infrastructure development in the region. The region has been divided into China, Japan, India, and the rest of Asia-Pacific. China has the greatest stake in the region as a result of increased government and private sector investments in infrastructure development and the adoption of energy-saving technologies. APAC has a very huge population with a standard of living that is improving every day, and there is a growing growth of smart homes. The economies of the APAC region are also introducing rules for energy efficiency and LED lighting. The objective of the report is to present a comprehensive analysis of the global Light Engine market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the global Light Engine market dynamics, structure by analyzing the market segments and project the global Light Engine market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Light Engine market make the report investor’s guide.
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Global Light Engine Market Report Coverage Details Base Year: 2020 Forecast Period: 2021-2027 Historical Data: 2016 to 2020 Market Size in 2020: US $ 18.82 Bn. Forecast Period 2021 to 2027 CAGR: 12.9% Market Size in 2027: US $ 44 Bn. Segments Covered: by Form • Flexible • Rigid by Application • Residential • Commercial • Industrial • Others
Global Light Engine Market, by Region• North America • Europe • Asia Pacific • Middle East and Africa • South America
Global Light Engine Market Key Players• OSRAM Licht Group • Philips Lighting Holdings • Fulham • MaxLite • Tridonic • RS Components Pty Ltd. • General Electric • Fusion Optix • Thomas Research Products • Cree • Light Engine Limited • Motortech PCPlus Networks • Trilux lighting • SDA lighting • Helvar • General Electric Company
Frequently Asked Questions:1) What was the market size of Global Light Engine Market markets in 2020? Ans - Global Global Light Engine Market was worth US$ 18.82 Bn in 2020. 2) What is the market segment of the Light Engine Market? Ans -The market segments are based on Form and Application. 3) What is the forecast period considered for Global Light Engine Market? Ans -The forecast period for Global Light Engine Market is 2021 to 2027. 4) What is the market size of Global Light Engine Market markets in 2027? Ans – Global Light Engine is estimated as worth US$ 44 Bn. 5) Which region is dominated in Global Light Engine Market? Ans -In 2020, the Asia pacific region dominated the Global Light Engine Market.
1. Global Light Engine Market: Research Methodology 2. Global Light Engine Market: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Light Engine Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Light Engine Market: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12. COVID-17.6 Impact 4. Global Light Engine Market Segmentation 4.1. Global Light Engine Market, by Form (2020-2027) • Flexible • Rigid 4.2. Global Light Engine Market, by Application (2020-2027) • Residential • Commercial • Industrial • Others 5. North America Light Engine Market (2020-2027) 5.1. North America Light Engine Market, by Form (2020-2027) • Flexible • Rigid 5.2. North America Light Engine Market, by Application (2020-2027) • Residential • Commercial • Industrial • Others 5.3. North America Light Engine Market, by Country (2020-2027) • US • Canada • Mexico 6. European Light Engine Market (2020-2027) 6.1. European Light Engine Market, by Form (2020-2027) 6.2. European Light Engine Market, by Application (2020-2027) 6.3. European Light Engine Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Light Engine Market (2020-2027) 7.1. Asia Pacific Light Engine Market, by Form (2020-2027) 7.2. Asia Pacific Light Engine Market, by Application (2020-2027) 7.3. Asia Pacific Light Engine Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Light Engine Market (2020-2027) 8.1. Middle East and Africa Light Engine Market, by Form (2020-2027) 8.2. Middle East and Africa Light Engine Market, by Application (2020-2027) 8.3. Middle East and Africa Light Engine Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. Latin America Light Engine Market (2020-2027) 9.1. Latin America Light Engine Market, by Form (2020-2027) 9.2. Latin America Light Engine Market, by Application (2020-2027) 9.3. Latin America Light Engine Market, by Country (2020-2027) • Brazil • Argentina • Rest Of Latin America 10. Company Profile: Key players 10.1. OSRAM Licht group 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Philips Lighting Holdings 10.3. Fulham 10.4. MaxLite 10.5. Tridonic 10.6. RS Components Pty Ltd. 10.7. General Electric 10.8. Fusion Optix 10.9. Thomas Research Products 10.10. Cree 10.11. Light Engine Limited 10.12. Motortech PCPlus Networks 10.13. Trilux lighting 10.14. SDA lighting 10.15. Helvar 10.16. General Electric Company