Market Overview:
The global LED fluorescent market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for energy-efficient lighting solutions and rising awareness about the benefits of LED fluorescent lights over traditional lighting solutions. The direct contact segment is expected to hold the largest share of the global LED fluorescent market in 2018, owing to its high efficiency and low cost as compared to other types of LED fluorescents. The remote phosphor segment is projected to grow at the highest CAGR during the forecast period, due its ability to provide uniform light distribution and superior color quality as compared with other types of LED fluorescents.
Product Definition:
LED fluorescent is a type of LED light that has the same shape and size as traditional fluorescent tubes. They are often used in place of fluorescent tubes in fixtures, and they can be dimmed using standard TRIAC dimmers.
Direct Contact:
Direct contact is a technology where the LED light source is directly connected to the driver. The advantage of this technology is that there are no ballasts involved, which eliminates the need for installing them and saves cost. Also, it reduces heat generation and increases lifespan as compared to ballasted fluorescent lamps. However, direct contact requires more power from drivers resulting in higher cost than ballasted systems leading to its less penetration in global market.
Remote Phosphor:
The remote phosphor is a device that emits light when an electric current is passed through it. It can be used in applications where conventional incandescent lamps are used. The remote phosphor has the ability to operate at low temperatures and high currents, which makes them suitable for use in LED fluorescent lighting products.
Application Insights:
Based on application, the market is segmented into monbiles, portable PC, LCD TV, lighting and automotive. The monbiles segment dominated the overall industry in terms of revenue in 2017. Increasing demand for LED light sources from various end-use industries including digital signage & monitors and advertising is expected to drive growth over the forecast period. Moreover, growing demand for high brightness LEDs with a small size footprint is further anticipated to fuel industry expansion over the coming years.
The portable PC application segment accounted for a significant share of around 20% in 2017 owing to increasing usage of LED lights across notebooks and laptops as an alternative to CRTs or liquid crystal displays (LCDs). In addition, rising demand from mobile phones manufacturers coupled with low power consumption by these electronic devices has driven significant growth across this sector during recent years.
Regional Analysis:
The Asia Pacific regional market accounted for the largest share in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to rising demand from countries such as China, India, Japan, South Korea, and Taiwan. Rising disposable income coupled with increasing penetration of LED lighting in commercial sectors such as retail and offices is anticipated to drive industry expansion over the coming years.
North America led global LED fluorescent market by revenue owing to early adoption of these products along with high disposable income of consumers in this region. Moreover, growing preference for energy-efficient lighting solutions due to strict government regulations is further propelling industry growth across North America region. Europe also contributed significantly towards global industry expansion owing to early adoption by several countries including Germany and U.K.
Growth Factors:
- Increasing demand from the commercial sector for energy-efficient lighting solutions is expected to drive the LED fluorescent market growth over the forecast period.
- Proliferation of smart buildings and growing demand for LED lighting in retrofit applications are also anticipated to boost market growth.
- Stringent government regulations mandating use of energy-efficient lighting solutions is another key factor propelling market expansion.
- Technological advancements in LED fluorescent products coupled with declining prices are expected to fuel demand over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
LED Fluorescent Market Research Report
By Type
Direct Contact, Remote Phosphor, Thin Film, Modular Light Engine, Package Free
By Application
Monbiles, Portable PC, LCD TV, Lighting, Automotive
By Companies
Yuji International Co.Ltd, Intermatix Corporation, Phosphor Tech Corporation, Nichia Corporation, Denka Co.Ltd, Merk KgaA, Yole Developpement, BB&S Lighting, OSRAM, Bridgelux Inc., Broadcom Ltd., Citizen Electronics Co. Ltd., Cree Inc., Edison Opto Corp., Everlight Electronics Co. Ltd., Monocrystal
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global LED Fluorescent Market Report Segments:
The global LED Fluorescent market is segmented on the basis of:
Types
Direct Contact, Remote Phosphor, Thin Film, Modular Light Engine, Package Free
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Monbiles, Portable PC, LCD TV, Lighting, Automotive
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Yuji International Co.Ltd
- Intermatix Corporation
- Phosphor Tech Corporation
- Nichia Corporation
- Denka Co.Ltd
- Merk KgaA
- Yole Developpement
- BB&S Lighting
- OSRAM
- Bridgelux Inc.
- Broadcom Ltd.
- Citizen Electronics Co. Ltd.
- Cree Inc.
- Edison Opto Corp.
- Everlight Electronics Co. Ltd.
- Monocrystal
Highlights of The LED Fluorescent Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Direct Contact
- Remote Phosphor
- Thin Film
- Modular Light Engine
- Package Free
- By Application:
- Monbiles
- Portable PC
- LCD TV
- Lighting
- Automotive
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the LED Fluorescent Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
LED fluorescent is a type of fluorescent lighting that uses light emitting diodes (LEDs). LEDs are more efficient and last longer than traditional incandescent bulbs.
Some of the key players operating in the led fluorescent market are Yuji International Co.Ltd, Intermatix Corporation, Phosphor Tech Corporation, Nichia Corporation, Denka Co.Ltd, Merk KgaA, Yole Developpement, BB&S Lighting, OSRAM, Bridgelux Inc., Broadcom Ltd., Citizen Electronics Co. Ltd., Cree Inc., Edison Opto Corp., Everlight Electronics Co. Ltd., Monocrystal.
The led fluorescent market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 LED Fluorescent Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 LED Fluorescent Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 LED Fluorescent Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the LED Fluorescent Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global LED Fluorescent Market Size & Forecast, 2018-2028
4.5.1 LED Fluorescent Market Size and Y-o-Y Growth
4.5.2 LED Fluorescent Market Absolute $ Opportunity
Chapter 5 Global LED Fluorescent Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 LED Fluorescent Market Size Forecast by Type
5.2.1 Direct Contact
5.2.2 Remote Phosphor
5.2.3 Thin Film
5.2.4 Modular Light Engine
5.2.5 Package Free
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global LED Fluorescent Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 LED Fluorescent Market Size Forecast by Applications
6.2.1 Monbiles
6.2.2 Portable PC
6.2.3 LCD TV
6.2.4 Lighting
6.2.5 Automotive
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global LED Fluorescent Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 LED Fluorescent Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America LED Fluorescent Analysis and Forecast
9.1 Introduction
9.2 North America LED Fluorescent Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America LED Fluorescent Market Size Forecast by Type
9.6.1 Direct Contact
9.6.2 Remote Phosphor
9.6.3 Thin Film
9.6.4 Modular Light Engine
9.6.5 Package Free
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America LED Fluorescent Market Size Forecast by Applications
9.10.1 Monbiles
9.10.2 Portable PC
9.10.3 LCD TV
9.10.4 Lighting
9.10.5 Automotive
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe LED Fluorescent Analysis and Forecast
10.1 Introduction
10.2 Europe LED Fluorescent Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe LED Fluorescent Market Size Forecast by Type
10.6.1 Direct Contact
10.6.2 Remote Phosphor
10.6.3 Thin Film
10.6.4 Modular Light Engine
10.6.5 Package Free
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe LED Fluorescent Market Size Forecast by Applications
10.10.1 Monbiles
10.10.2 Portable PC
10.10.3 LCD TV
10.10.4 Lighting
10.10.5 Automotive
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific LED Fluorescent Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific LED Fluorescent Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific LED Fluorescent Market Size Forecast by Type
11.6.1 Direct Contact
11.6.2 Remote Phosphor
11.6.3 Thin Film
11.6.4 Modular Light Engine
11.6.5 Package Free
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific LED Fluorescent Market Size Forecast by Applications
11.10.1 Monbiles
11.10.2 Portable PC
11.10.3 LCD TV
11.10.4 Lighting
11.10.5 Automotive
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America LED Fluorescent Analysis and Forecast
12.1 Introduction
12.2 Latin America LED Fluorescent Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America LED Fluorescent Market Size Forecast by Type
12.6.1 Direct Contact
12.6.2 Remote Phosphor
12.6.3 Thin Film
12.6.4 Modular Light Engine
12.6.5 Package Free
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America LED Fluorescent Market Size Forecast by Applications
12.10.1 Monbiles
12.10.2 Portable PC
12.10.3 LCD TV
12.10.4 Lighting
12.10.5 Automotive
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) LED Fluorescent Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) LED Fluorescent Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) LED Fluorescent Market Size Forecast by Type
13.6.1 Direct Contact
13.6.2 Remote Phosphor
13.6.3 Thin Film
13.6.4 Modular Light Engine
13.6.5 Package Free
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) LED Fluorescent Market Size Forecast by Applications
13.10.1 Monbiles
13.10.2 Portable PC
13.10.3 LCD TV
13.10.4 Lighting
13.10.5 Automotive
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 LED Fluorescent Market: Competitive Dashboard
14.2 Global LED Fluorescent Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Yuji International Co.Ltd
14.3.2 Intermatix Corporation
14.3.3 Phosphor Tech Corporation
14.3.4 Nichia Corporation
14.3.5 Denka Co.Ltd
14.3.6 Merk KgaA
14.3.7 Yole Developpement
14.3.8 BB&S Lighting
14.3.9 OSRAM
14.3.10 Bridgelux Inc.
14.3.11 Broadcom Ltd.
14.3.12 Citizen Electronics Co. Ltd.
14.3.13 Cree Inc.
14.3.14 Edison Opto Corp.
14.3.15 Everlight Electronics Co. Ltd.
14.3.16 Monocrystal
