According to IMARC Group latest report titled” LED Tube Light Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the market is currently witnessing strong growth. The during 2021-2026. A light-emitting diode (LED) tube light is one of the most energy-efficient types of linear tube lighting. These lights are increasingly replacing fluorescent tube lights, particularly across residential and commercial buildings, owing to their prolonged operational life and high energy efficiency. LED tube lights are versatile with control systems, unlike fluorescent tubes, which tend to burn out faster when integrated with occupancy sensors or other controls. As a result, these tube lights find extensive applications, such as smart devices, signal and signage, street lighting, etc.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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Market Trends:
Shifting consumer preferences from compact fluorescent lights (CFLs) to LED tube lights due to the inflating electricity prices are driving the LED tube light market. Furthermore, the launch of various awareness campaigns for energy conservation and environmental protection by several government bodies is also augmenting the product demand. Additionally, numerous manufacturers are introducing innovative LED lighting products, along with investing in marketing strategies to raise product awareness. Moreover, there is a rising demand for LED tube lights from the corporate sector, owing to their better ambiance lighting, reduced maintenance costs, enhanced controls, etc. This, in turn, is anticipated to fuel the market growth in the coming years.
Explore full report with table of contents:
LED Tube Light Market Segmentation:
Our report has categorized the market based on region and application.
Market Breakup by Application:
- Retrofit
- Retail & Hospitality
- Outdoor
- Offices
- Architectural
- Residential
- Industrial
Regional Insights:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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