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COVID-19 Impact & Recovery Analysis - Light-Emitting Diode (LED) Lighting Market in North America (2020-2024) | Declining Manufacturing Cost of LEDs to Boost Growth | Technavio

Technavio has been monitoring the light-emitting diode (LED) lighting market in North America and it is poised to grow by $ 5.12 bn during 2020-2024, progressing at a CAGR of almost 8% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Technavio has announced its latest market research report titled Light-Emitting Diode (LED) Lighting Market in North America 2020-2024 (Graphic: Business Wire).

Technavio has announced its latest market research report titled Light-Emitting Diode (LED) Lighting Market in North America 2020-2024 (Graphic: Business Wire).

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Latest Free Sample Report on COVID-19 Impact

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Acuity Brands Inc., Cree Inc., Dialight Plc, Eaton Corporation Plc, GE Current a Daintree Company, OSRAM Licht AG, Schneider Electric SE, Signify NV, USA LED, and Zumtobel Group AG are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Declining manufacturing cost of LEDs has been instrumental in driving the growth of the market. However, the high average cost per LED fixture might hamper the market growth.

Light-Emitting Diode (LED) Lighting Market in North America 2020-2024: Segmentation

Light-Emitting Diode (LED) Lighting Market in North America is segmented as below:

  • Product
    • LED Luminaries
    • LED Lamps
  • Application
    • Residential
    • Commercial
    • Industrial
    • Outdoor
    • Others

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR44287

Light-Emitting Diode (LED) Lighting Market in North America 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our light-emitting diode (LED) lighting market in North America report covers the following areas:

  • Light-Emitting Diode (LED) Lighting Market in North America size
  • Light-Emitting Diode (LED) Lighting Market in North America trends
  • Light-Emitting Diode (LED) Lighting Market in North America industry analysis

This study identifies the increasing demand for LED lights in hazardous industrial areas as one of the prime reasons driving the light-emitting diode (led) lighting market growth in North America during the next few years.

Light-Emitting Diode (LED) Lighting Market in North America 2020-2024: Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the light-emitting diode (LED) lighting market in North America, including some of the vendors such as Acuity Brands Inc., Cree Inc., Dialight Plc, Eaton Corporation Plc, GE Current a Daintree Company, OSRAM Licht AG, Schneider Electric SE, Signify NV, USA LED, and Zumtobel Group AG. Backed with competitive intelligence and benchmarking, our research reports on the light-emitting diode (LED) lighting market in North America are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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Light-Emitting Diode (LED) Lighting Market in North America 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist light-emitting diode (LED) lighting market growth in North America during the next five years
  • Estimation of the light-emitting diode (LED) lighting market size in North America and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the light-emitting diode (LED) lighting market in North America
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of light-emitting diode (LED) lighting market vendors in North America

Table Of Contents :

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Product

  • Market segments
  • Comparison by Product
  • LED luminaries - Market size and forecast 2019-2024
  • LED lamps - Market size and forecast 2019-2024
  • Market opportunity by Product

Market Segmentation by Application

  • Market segments
  • Comparison by Application
  • Residential - Market size and forecast 2019-2024
  • Commercial - Market size and forecast 2019-2024
  • Industrial - Market size and forecast 2019-2024
  • Outdoor - Market size and forecast 2019-2024
  • Others - Market size and forecast 2019-2024
  • Market opportunity by Application

Customer Landscape

  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Acuity Brands Inc.
  • Cree Inc.
  • Dialight Plc
  • Eaton Corporation Plc
  • GE Current a Daintree Co.
  • OSRAM Licht AG
  • Schneider Electric SE
  • Signify NV
  • USA LED
  • Zumtobel Group AG

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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