Global Architectural LED Products Market, 2015 to 2021
Global Architectural LED Products Market, 2015 to 2021 Persistence Market Research Global Architectural LED Products Market is Expected to Reach US$ 10,751.1 Mn by 2021 : Persistence Market Research Persistence Market Research 1 Global Architectural LED Products Market, 2015 to 2021 Persistence Market Research Released New Market Report According to a new market report published by Persistence Market Research “Global Market Study on Architectural LED Products: Driven by Price Commoditization and Significant Growth in Enhanced Performance”, the architectural LED products market is estimated to be valued at US$ 3,997.5 Mn by the end of 2015 and is anticipated to expand at a CAGR of 17.9% from 2015 to 2021 in terms of value, to account for US$ 10,751.1 Mn by 2021. Architectural LED lights are used mainly for illuminating monuments, museums, building structures, residents and bridges with the artistic integration of light source. Architectural LED lighting can be used for decorative purpose and can be applied on both indoor and outdoor purposes. Request Customize Full TOC: http://www.persistencemarketresearch.com/toc/8074 Currently, the global market of architectural LED products is driven by the factors such as government regulations encouraging construction companies to deploy LED lighting systems. LED lighting systems help in increasing energy efficiency and reduces carbon emission. Due to the longer life span of architectural LED lighting products, the market is witnessing a paradigm shift from the adoption of conventional lighting solution to the more efficient architectural LED products. Increasing consumer inclination towards luxurious lifestyle is projected to boost demand for architectural LED lighting products across the globe in the residential sector in which in turn is expected to be the primary factor contributing to the growth of the architectural LED products market. On the basis of products, the global architectural LED market is segmented as solar and conventional products. In terms of value, the conventional products segment is expected to account for 93.7% share of the global architectural LED products market by the end of 2015 and is anticipated to expand at a CAGR of 17.7%, during the forecast period (2015–2021). In terms of volume, the solar LED products accounted for 9.3% in 2014. Request Sample Report: http://www.persistencemarketresearch.com/samples/8074 Persistence Market Research 2 Global Architectural LED Products Market, 2015 to 2021 The conventional products segment is further classified into strip & linear products and lamps. Strip & linear products accounted for the 68.3% share in terms of the value of the conventional products segment in 2014. In term of value, the lamp segment of the global architectural LED products market is anticipated to expand at a CAGR of 14.9% during the forecast period and in terms of volume units, the lamp segment of the global architectural LED products market is anticipated to expand at a CAGR of 34.9% during the forecast period. On the basis of application, the architectural LED products market is segmented as cove lighting, wall washing, in the ground, backlight and others. Among these, wall washing segment dominated the market in 2014 and is expected to account for 38.8% share of the global architectural LED products market by 2015 end in terms of value. Increasing adoption of architectural LEDs luminaries and lamps by government offices and another historic monument as part of smart city initiatives is expected to drive the market growth of wall washing segment during the forecast period. The report provides in-depth information about various trends driving each segment and provides analysis and insights about the potential of the architectural LED products market in specific regions. On the basis of region, the global market of architectural LED products is segmented into five regions; among these, Asia-Pacific is expected to dominate the market representing 47.1% share by the end of 2015.in terms of value and is analyzed to remain dominant by 2021. View Detail Report: http://www.persistencemarketresearch.com/marketresearch/architectural-led-products-market.asp Key players in global architectural LED products market include Cooper Industries PLC (Eaton Corporation), Philips Lumileds Lighting Company, Osram Lict AG, Epistar Corporation, Cree, Inc., Verbatim Ltd., GE Lighting Solutions, Samsung Electronics Co., Ltd., Toshiba Lighting & Technology Corporation and Galaxia Electronics Co. Ltd. The global architectural LED products market is segmented as follows: By Product type: Persistence Market Research 3 Global Architectural LED Products Market, 2015 to 2021 Solar Conventional Strip & Linear Lamp By Application: Cove Lighting Wall washing In ground Backlight Others By End User: Residential Commercial Retail IT & Telecom BFSI Media & Entertainment Healthcare Others By Region: North America APAC Europe The Middle East and Africa (MEA) Persistence Market Research 4 Global Architectural LED Products Market, 2015 to 2021 Latin America Market History: The architectural LED products market globally has experienced a significant growth due to the surging demand for more efficient lighting, displays and fixtures in the residential and commercial places along with the rising awareness among people for energy conservation. The architectural LED products market is classified into products type, application type and end-user type. Construction of buildings involving energy conservation techniques for lighting; and retrofitting the existing buildings with energy efficient LED bulbs and lamps is boosting the demand for the architectural LED lighting fixtures globally. In terms of value, the global architectural LED products market is anticipated to expand at a CAGR of 17.9% during the period 2015-2021 to reach US$ 10,751.1 Mn by 2021. The global architectural LED products market was valued at US$ 3,421.2 Mn in 2014. In terms of volume, the global architectural LED products market accounted for 25.5 million units in 2014. National Government in countries such as the U.S., China, Thailand and Brazil have introduced regulations mandating LED bulbs and fixtures manufacturers to comply with minimum standards for lighting products efficiency. Additionally, a government in these regions have banned the adoption of incandescent lighting products with an aim to improve energy efficiency and reduce CO2 emissions. This has encouraged the construction companies to deploy LED lighting systems complying these regulations which in turn driving the growth of the architectural LED products market. In terms of value, the conventional LED segment was valued at US$ 3,209.1 Mn in 2014 and is expected to create US$ 3,746.0 Mn by the end of 2015. Architecture LED fixtures such as LED strip & linear products and lamps are expected to drive the market growth of conventional products segment during the forecast period. In terms of volume, the conventional products dominated the overall architectural LED products market and are anticipated to continue dominating the overall architectural LED products market by the end of 2021. Persistence Market Research 5 Global Architectural LED Products Market, 2015 to 2021 In terms of value, wall washing applications segment was valued at US$ 1,325.7 Mn in 2014 and is expected to reach US$ 1,557.1 Mn by the end of 2015. Wall washing application segment is projected to expand further as the demand for lighting systems used for illumination of large surfaces such as public cultural buildings, contemporary architecture and museums expected to grow in the foreseeable future. This segment is analyzed to expand at a CAGR of 18.5% during the forecast period. In terms of volume, the wall washing application segment is expected to dominate the overall architectural LED products market by the end of 2021, followed by cove lighting segment. On the basis of end user industry, commercial segment occupied 76.9% market share in 2014 and is expected to account for 77.3% of the total architectural LED products market by the end of 2015. The report on the global architectural LED products market profiles some of the key players including Cooper Industries PLC (Eaton Corporation), Philips Lumileds Lighting Company, Osram Lict AG, Epistar Corporation, Cree, Inc., Verbatim Ltd., GE Lighting Solutions, Samsung Electronics Co., Ltd., Toshiba Lighting & Technology Corporation, and Galaxia Electronics Co. Ltd. About Us: Persistence Market Research (PMR) is a full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients’ business needs. 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