Global Industry Analysts Predict Global Architectural LED Products Market To Reach $ 19.3 Billion By 2026 | national news

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.

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ABSTRACT-

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

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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.

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SOURCE Global Industry Analysts, Inc.


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