LED Panel Light Market By Type, By Sales Channel, By Voltage, By Application : Global Opportunity Analysis and Industry Forecast, 2023-2032

Description

List of Tables

According to a new report published by Allied Market Research, titled, "LED Panel Light Market," The LED panel light market was valued at $20.1 billion in 2022, and is estimated to reach $90.1 billion by 2032, growing at a CAGR of 16.4% from 2023 to 2032.

The growth of the global LED panel light market is driven by Increase in demand for smart lightning and control system. This demand is fueled by the increasing demand of more energy efficient, customizable lighting solution. LED lights are often a better option when compared to alternative lighting options like incandescent, CFL and halogen lights, as they can operate with little energy input while delivering strong illumination. LEDs are extensively utilized in both indoor and outdoor situations. LEDs allow designers versatility in their designs and the durability to withstand frequent switching. The market is expected to expand as consumers become more aware of their benefits. However, LED panel lamps tend to have higher upfront costs compared to traditional lighting technologies like incandescent bulbs or fluorescent lamps. Although they provide long-term cost savings, the initial investment can turn off price-loving consumers and businesses. For cost-conscious consumers and entrepreneurs, the high initial cost of LED panel lights can be a financial challenge. They may not want to invest in these lights, especially when cheaper alternatives, although they use less energy, can be found. Where competition is fierce, manufacturers may engage in price wars, further eroding profit margins. This competitive pricing pressure can affect the quality and quantity of LED panel lights.

The main objective of the LED panel lighting market is to provide low energy and high-quality lighting solutions for various applications. The LED panel lights are designed to be energy efficient. Their primary purpose is to reduce electricity consumption compared to traditional lighting technologies such as

1) incandescent bulbs and fluorescent lamps. This efficiency helps consumers and businesses reduce energy costs and reduce environmental impact. LED panel lights play a significant role in promoting environmental responsibility. Their energy efficiency, reduced carbon footprint aligns with sustainability goals, making them a responsible choice for consumers and environmentally conscious businesses. To summarize, the main objective of the LED panel lighting market is to provide lighting solutions with versatile technological advancements that meet the needs and requirements of today's consumers and businesses LED panel has been developed lamps in order to provide energy savings, high luminance, customization and durability, making it desirable for a variety of luminaires.

The LED panel light is segmented based on type, sales channel, voltage, application, and region. By type, the market is divided into recessed LED, surface mounted LED. By sales channel, the market is bifurcated into online and offline. By voltage, the market is classified into below 10V, 10-20V, more than 20V. By application, the market is categorized into commercial/industrial and residential.

By region, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, Russia, and the rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).

Competitive analysis and profiles of the major LED panel light market players, such as
1) Signify Holding, Seoul Semiconductor Co., Ltd, ACUITY BRANDS, INC., Panasonic Corporation, GE Lighting, LUMIRON INC, Siteco GmbH, Elstar, NICHIA CORPORATION and OsLEDer Lighting Technology Co., Ltd are provided in this report. Product launch and acquisition business strategies were adopted by the major market players in 2022.

Key Benefits For Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the led panel light market analysis from 2022 to 2032 to identify the prevailing led panel light market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the led panel light market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global led panel light market trends, key players, market segments, application areas, and market growth strategies.

Additional benefits you will get with this purchase are:

Quarterly Update and* (only available with a corporate license, on listed price)
5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
Free Upcoming Version on the Purchase of Five and Enterprise User License.
16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting to 16 analyst hours to solve questions, and post-sale queries)
15% Free Customization* (in case the scope or segment of the report does not match your requirements, 15% is equivalent to 3 working days of free work, applicable once)
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Free Industry updates and white papers.

Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)

Product Life Cycles
Market share analysis of players by products/segments
Additional company profiles with specific to client's interest
Additional country or region analysis- market size and forecast
Key player details (including location, contact details, supplier/vendor network etc. in excel format)
Market share analysis of players at global/region/country level

Key Market Segments

By Type

Recessed LED
Surface Mounted LED

By Sales Channel

Online
Offline

By Voltage

Below 10V
10V-15V
More than 20V

By Application

Commercial/Industrial
Residential

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- France
- UK
- Russia
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
LAMEA
- Latin America
- Middle East
- Africa

Key Market Players:

Signify Holding
ACUITY BRANDS, INC.
Panasonic Corporation
LUMIRON INC
Siteco GmbH
Elstar
Osleder Lighting Technology Co., Ltd
Seoul Semiconductor Co., Ltd
GE Lighting
NICHIA CORPORATION

Product Code: A13301

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
3.3. Porter's five forces analysis
- 3.3.1. Moderate to high bargaining power of suppliers
- 3.3.2. Low to moderate threat of new entrants
- 3.3.3. Moderate threat of substitutes
- 3.3.4. Low to high intensity of rivalry
- 3.3.5. Moderate bargaining power of buyers
3.4. Market dynamics
- 3.4.1. Drivers
  - 3.4.1.1. Rise in demand for energy-efficient lighting
  - 3.4.1.2. Cost-effective, and long-lasting lighting solutions
  - 3.4.1.3. Increase in demand for smart lightning and control system
- 3.4.2. Restraints
  - 3.4.2.1. Complex Installation
- 3.4.3. Opportunities
  - 3.4.3.1. Rapid urbanization and infrastructure development
  - 3.4.3.2. Integration of IOT
  - 3.4.3.3. Surge in demand for human centric light

CHAPTER 4: LED PANEL LIGHT MARKET, BY TYPE

4.1. Overview
- 4.1.1. Market size and forecast
4.2. Recessed LED
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
4.3. Surface Mounted LED
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country

CHAPTER 5: LED PANEL LIGHT MARKET, BY SALES CHANNEL

5.1. Overview
- 5.1.1. Market size and forecast
5.2. Online
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
5.3. Offline
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country

CHAPTER 6: LED PANEL LIGHT MARKET, BY VOLTAGE

6.1. Overview
- 6.1.1. Market size and forecast
6.2. Below 10V
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
6.3. 10V-15V
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
6.4. More than 20V
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by region
- 6.4.3. Market share analysis by country

CHAPTER 7: LED PANEL LIGHT MARKET, BY APPLICATION

7.1. Overview
- 7.1.1. Market size and forecast
7.2. Commercial/Industrial
- 7.2.1. Key market trends, growth factors and opportunities
- 7.2.2. Market size and forecast, by region
- 7.2.3. Market share analysis by country
7.3. Residential
- 7.3.1. Key market trends, growth factors and opportunities
- 7.3.2. Market size and forecast, by region
- 7.3.3. Market share analysis by country

CHAPTER 8: LED PANEL LIGHT MARKET, BY REGION

8.1. Overview
- 8.1.1. Market size and forecast By Region
8.2. North America
- 8.2.1. Key market trends, growth factors and opportunities
- 8.2.2. Market size and forecast, by Type
- 8.2.3. Market size and forecast, by Sales Channel
- 8.2.4. Market size and forecast, by Voltage
- 8.2.5. Market size and forecast, by Application
- 8.2.6. Market size and forecast, by country
  - 8.2.6.1. U.S.
  - 8.2.6.1.1. Market size and forecast, by Type
  - 8.2.6.1.2. Market size and forecast, by Sales Channel
  - 8.2.6.1.3. Market size and forecast, by Voltage
  - 8.2.6.1.4. Market size and forecast, by Application
  - 8.2.6.2. Canada
  - 8.2.6.2.1. Market size and forecast, by Type
  - 8.2.6.2.2. Market size and forecast, by Sales Channel
  - 8.2.6.2.3. Market size and forecast, by Voltage
  - 8.2.6.2.4. Market size and forecast, by Application
  - 8.2.6.3. Mexico
  - 8.2.6.3.1. Market size and forecast, by Type
  - 8.2.6.3.2. Market size and forecast, by Sales Channel
  - 8.2.6.3.3. Market size and forecast, by Voltage
  - 8.2.6.3.4. Market size and forecast, by Application
8.3. Europe
- 8.3.1. Key market trends, growth factors and opportunities
- 8.3.2. Market size and forecast, by Type
- 8.3.3. Market size and forecast, by Sales Channel
- 8.3.4. Market size and forecast, by Voltage
- 8.3.5. Market size and forecast, by Application
- 8.3.6. Market size and forecast, by country
  - 8.3.6.1. Germany
  - 8.3.6.1.1. Market size and forecast, by Type
  - 8.3.6.1.2. Market size and forecast, by Sales Channel
  - 8.3.6.1.3. Market size and forecast, by Voltage
  - 8.3.6.1.4. Market size and forecast, by Application
  - 8.3.6.2. France
  - 8.3.6.2.1. Market size and forecast, by Type
  - 8.3.6.2.2. Market size and forecast, by Sales Channel
  - 8.3.6.2.3. Market size and forecast, by Voltage
  - 8.3.6.2.4. Market size and forecast, by Application
  - 8.3.6.3. UK
  - 8.3.6.3.1. Market size and forecast, by Type
  - 8.3.6.3.2. Market size and forecast, by Sales Channel
  - 8.3.6.3.3. Market size and forecast, by Voltage
  - 8.3.6.3.4. Market size and forecast, by Application
  - 8.3.6.4. Russia
  - 8.3.6.4.1. Market size and forecast, by Type
  - 8.3.6.4.2. Market size and forecast, by Sales Channel
  - 8.3.6.4.3. Market size and forecast, by Voltage
  - 8.3.6.4.4. Market size and forecast, by Application
  - 8.3.6.5. Rest of Europe
  - 8.3.6.5.1. Market size and forecast, by Type
  - 8.3.6.5.2. Market size and forecast, by Sales Channel
  - 8.3.6.5.3. Market size and forecast, by Voltage
  - 8.3.6.5.4. Market size and forecast, by Application
8.4. Asia-Pacific
- 8.4.1. Key market trends, growth factors and opportunities
- 8.4.2. Market size and forecast, by Type
- 8.4.3. Market size and forecast, by Sales Channel
- 8.4.4. Market size and forecast, by Voltage
- 8.4.5. Market size and forecast, by Application
- 8.4.6. Market size and forecast, by country
  - 8.4.6.1. China
  - 8.4.6.1.1. Market size and forecast, by Type
  - 8.4.6.1.2. Market size and forecast, by Sales Channel
  - 8.4.6.1.3. Market size and forecast, by Voltage
  - 8.4.6.1.4. Market size and forecast, by Application
  - 8.4.6.2. Japan
  - 8.4.6.2.1. Market size and forecast, by Type
  - 8.4.6.2.2. Market size and forecast, by Sales Channel
  - 8.4.6.2.3. Market size and forecast, by Voltage
  - 8.4.6.2.4. Market size and forecast, by Application
  - 8.4.6.3. India
  - 8.4.6.3.1. Market size and forecast, by Type
  - 8.4.6.3.2. Market size and forecast, by Sales Channel
  - 8.4.6.3.3. Market size and forecast, by Voltage
  - 8.4.6.3.4. Market size and forecast, by Application
  - 8.4.6.4. South Korea
  - 8.4.6.4.1. Market size and forecast, by Type
  - 8.4.6.4.2. Market size and forecast, by Sales Channel
  - 8.4.6.4.3. Market size and forecast, by Voltage
  - 8.4.6.4.4. Market size and forecast, by Application
  - 8.4.6.5. Rest of Asia-Pacific
  - 8.4.6.5.1. Market size and forecast, by Type
  - 8.4.6.5.2. Market size and forecast, by Sales Channel
  - 8.4.6.5.3. Market size and forecast, by Voltage
  - 8.4.6.5.4. Market size and forecast, by Application
8.5. LAMEA
- 8.5.1. Key market trends, growth factors and opportunities
- 8.5.2. Market size and forecast, by Type
- 8.5.3. Market size and forecast, by Sales Channel
- 8.5.4. Market size and forecast, by Voltage
- 8.5.5. Market size and forecast, by Application
- 8.5.6. Market size and forecast, by country
  - 8.5.6.1. Latin America
  - 8.5.6.1.1. Market size and forecast, by Type
  - 8.5.6.1.2. Market size and forecast, by Sales Channel
  - 8.5.6.1.3. Market size and forecast, by Voltage
  - 8.5.6.1.4. Market size and forecast, by Application
  - 8.5.6.2. Middle East
  - 8.5.6.2.1. Market size and forecast, by Type
  - 8.5.6.2.2. Market size and forecast, by Sales Channel
  - 8.5.6.2.3. Market size and forecast, by Voltage
  - 8.5.6.2.4. Market size and forecast, by Application
  - 8.5.6.3. Africa
  - 8.5.6.3.1. Market size and forecast, by Type
  - 8.5.6.3.2. Market size and forecast, by Sales Channel
  - 8.5.6.3.3. Market size and forecast, by Voltage
  - 8.5.6.3.4. Market size and forecast, by Application

CHAPTER 9: COMPETITIVE LANDSCAPE

9.1. Introduction
9.2. Top winning strategies
9.3. Product mapping of top 10 player
9.4. Competitive dashboard
9.5. Competitive heatmap
9.6. Top player positioning, 2022

CHAPTER 10: COMPANY PROFILES

10.1. Signify Holding
- 10.1.1. Company overview
- 10.1.2. Key executives
- 10.1.3. Company snapshot
- 10.1.4. Operating business segments
- 10.1.5. Product portfolio
- 10.1.6. Business performance
- 10.1.7. Key strategic moves and developments
10.2. Seoul Semiconductor Co., Ltd
- 10.2.1. Company overview
- 10.2.2. Key executives
- 10.2.3. Company snapshot
- 10.2.4. Operating business segments
- 10.2.5. Product portfolio
- 10.2.6. Business performance
10.3. Osleder Lighting Technology Co., Ltd
- 10.3.1. Company overview
- 10.3.2. Key executives
- 10.3.3. Company snapshot
- 10.3.4. Operating business segments
- 10.3.5. Product portfolio
10.4. ACUITY BRANDS, INC.
- 10.4.1. Company overview
- 10.4.2. Key executives
- 10.4.3. Company snapshot
- 10.4.4. Operating business segments
- 10.4.5. Product portfolio
- 10.4.6. Business performance
10.5. Panasonic Corporation
- 10.5.1. Company overview
- 10.5.2. Key executives
- 10.5.3. Company snapshot
- 10.5.4. Operating business segments
- 10.5.5. Product portfolio
- 10.5.6. Business performance
10.6. GE Lighting
- 10.6.1. Company overview
- 10.6.2. Key executives
- 10.6.3. Company snapshot
- 10.6.4. Operating business segments
- 10.6.5. Product portfolio
- 10.6.6. Key strategic moves and developments
10.7. Elstar
- 10.7.1. Company overview
- 10.7.2. Key executives
- 10.7.3. Company snapshot
- 10.7.4. Operating business segments
- 10.7.5. Product portfolio
10.8. LUMIRON INC
- 10.8.1. Company overview
- 10.8.2. Key executives
- 10.8.3. Company snapshot
- 10.8.4. Operating business segments
- 10.8.5. Product portfolio
10.9. Siteco GmbH
- 10.9.1. Company overview
- 10.9.2. Key executives
- 10.9.3. Company snapshot
- 10.9.4. Operating business segments
- 10.9.5. Product portfolio
10.10. NICHIA CORPORATION
- 10.10.1. Company overview
- 10.10.2. Key executives
- 10.10.3. Company snapshot
- 10.10.4. Operating business segments
- 10.10.5. Product portfolio
- 10.10.6. Key strategic moves and developments