SAN FRANCISCO, September 1, 2021 / PRNewswire / – A new market research published by Global Industry Analysts Inc., (GIA), the leading market research firm, today released its report titled “Architectural LED Products – Global Market Trajectory and Analysis”. The report presents new perspectives on the opportunities and challenges in a dramatically transformed post-COVID-19 market.
FACTS AT A GLANCE
Editing: 9; Posted: April 2021
Executive pool: 4716
Companies: 11 – Players covered include Cree, Inc .; Eaton Corporation SA; Epistar Corporation; Galaxia Electronics Corporation; GE lighting; Osram Licht SA; the lighting company Philips Lumileds; Samsung Electronics Co., Ltd. ; Toshiba Lighting & Technology Corporation; Verbatim GmbH and others.
Blanket: All major geographies and key segments
Segments: Application (washing walls, in the ground, cove lighting, backlighting, other applications); End use (residential, commercial)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; UK; Spain; Russia; and rest of Europe); Asia Pacific (Australia; India; South Korea; and rest of Asia Pacific); Latin America (Argentina; Brazil; Mexico; and rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and rest of Middle East); and Africa.
Free Project Preview – This is an ongoing global program. Preview our research program before making a purchase decision. We offer free access to qualified executives in charge of strategy, business development, sales and marketing and product management roles in selected companies. Insights provide privileged access to business trends; competing brands; profiles of experts in the field; and market data models and more. You can also create your own bespoke report using our MarketGlass ™ platform which offers thousands of bytes of data with no obligation to purchase our report. Registry overview
Global Architectural LED Products Market to Reach $ 19.3 billion by 2026
In the midst of the COVID-19 crisis, the global market for architectural LED products is estimated at 7.8 billion US dollars in 2020, is expected to reach a revised size of US $ 19.3 billion by 2026, with a CAGR of 16.2% over the analysis period. Wall washing, one of the segments analyzed in the report, is expected to register a CAGR of 16.1% and reach US $ 8.9 billion at the end of the analysis period. After a thorough analysis of the business implications of the pandemic and the induced economic crisis, the growth of the In Ground segment is readjusted to a revised CAGR of 17% for the next 7 year period.
The US market is estimated at $ 2.4 billion in 2021, when China is expected to reach $ 4.3 billion by 2026
The market for architectural LED products in the United States is estimated at 2.4 billion US dollars in 2021. China, the world’s second-largest economy, is expected to reach a projected market size of 4.3 billion US dollars by 2026, with a CAGR of 20.9% over the analysis period. Other notable geographic markets include Japan and Canada, each forecasts growth of 11.6% and 14.3% respectively over the period of analysis. In Europe, Germany is expected to grow at around 12.8% CAGR.
Cove lighting segment to reach US $ 5.1 billion by 2026
In the global Cove Lighting segment, United States, Canada, Japan, China and Europe will lead to the estimated 15.7% CAGR for this segment. These regional markets representing a combined market size of US $ 1.5 billion in 2020 will reach a projected size of 4.2 billion US dollars before the end of the analysis period. China will remain among the most dynamic of this group of regional markets. Following
MarketGlass ™ platform
Our MarketGlass ™ platform is a free comprehensive knowledge center that is customizable to meet the intelligence needs of today’s busy business leaders! This interactive influencer-driven research platform is at the heart of our core research engagements and draws on the unique perspectives of participating leaders from around the world. Features include – enterprise-wide peer-to-peer collaborations; overviews of research programs relevant to your business; 3.4 million profiles of experts in the field; competitive company profiles; interactive research modules; custom report generation; monitor market trends; competing brands; create and publish blogs and podcasts using our primary and secondary content; follow events in the field around the world; and much more. Client companies will have full insider access to the project’s data stacks. Currently used by over 67,000 subject matter experts around the world.
About Global Industry Analysts, Inc. and StrategyR ™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher, the only influencer-focused market research company in the world. Proudly serving more than 42,000 clients in 36 countries, GIA has been recognized for its accurate forecasting of markets and industries for more than 33 years.
Director, Corporate Communications
Global Industry Analysts, Inc.
Email: [email protected]
Join our panel of experts
Connect with us on LinkedIn
Follow us on twitter
Journalists and media
View original content to download multimedia:https://www.prnewswire.com/news-releases/global-industry-analysts-predicts-the-world-architectural-led-products-market-to-reach-19-3-billion-by-2026–301367648 .html
SOURCE Global Industry Analysts, Inc.