LED Tube Light Market Research Report, Upcoming Trends, Demand, Regional Analysis and Forecast 2024


Posted April 22, 2019 by imarcgroup

The global LED tube light market. LED tube lights are a more affordable, energy efficient and widely available lighting systems.
 
The latest report by IMARC Group titled, “LED Tube Light Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023” provides an in-depth analysis of the global LED tube light market. LED tube lights are a more affordable, energy efficient and widely available lighting systems. These lights are extensively replacing the traditional sources of lighting, for instance fluorescent tube lights, that were used earlier for commercial and residential lighting. Moreover, fluorescent tube lights tend to burn out faster when integrated with occupancy sensors and other controls. The LED tube lights, on the other hand, work perfectly well with control systems and also have a longer life-span ranging from 10 to 13 years (depending on the quality). This reduces the need to re-lamp LED tube more frequently.

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LED tube lights are eco-friendly lights as they do not contain any mercury, which is harmful for environment. Moreover, these lights produce comparatively low amount of UV rays which causes eye strain and eye fatigue. As a result of this, several governments initiatives and programmes have been launched in many regions to encourage the use of LED tube lights and prevent further damage to the environment. This is expected to encourage the market growth of LED tube light in the coming years.

The market is segmented on the basis of key application areas of LED tube lights such as offices and conference rooms; showrooms and malls; homes, departmental stores and boutiques; warehouses and parking houses; and hospitals and laboratories. The market is also segmented on the basis of product type which include LED tube light (direct fit); LED tube light (internal driver); and LED tube light (external driver). The report provides a segmentation on a regional basis with some of the major markets being India, China, Europe, United States, Japan, Brazil and Russia. An analysis of the competitive landscape provides the details of the key players operative in the market. Some of the major players are Nichia, Osram, Samsung Electronics, Eerlight Electronocs and LG Innotek.

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The report has examined the global LED tube light market on the basis of:

Key Application Areas:

Offices and Conference Rooms
Showrooms and Malls
Homes, Departmental Stores and Boutiques
Warehouses and Parking Houses
Hospitals and Laboratories

Product Types:

LED Tube Light (Direct Fit)
LED Tube Light (Internal Driver)
LED Tube Light (External Driver)

Key Regions:

India
China
Europe
United States
Japan
Brazil
Russia

Key Player:

Nichia
Osram
Samsung Electronics
Eerlight Electronocs
LG Innotek

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Categories Business
Tags led tube light market , led tube light market growth , led tube light market share , led tube light market size , led tube light market trends
Last Updated April 22, 2019