Market Overview:
The global LED panel lights market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as increasing demand for energy-efficient lighting solutions, growing awareness about the benefits of LED panel lights, and rising demand from commercial and residential sectors. The global LED panel lights market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into embedded type, suspended type, and ceiling type. The embedded type segment is expected to hold a major share in terms of revenue in 2018 owing to its low installation cost as compared to other types of LED panel lights.
Product Definition:
LED Panel Lights are thin, flat light sources that offer a wide variety of lighting options for both residential and commercial spaces. They are typically used to light up ceilings and walls in a room and can be mounted in a number of different ways, including recessed, surface-mounted or suspended. LED panel lights are popular because they're energy-efficient, durable and long lasting.
Embedded Type:
Embedded type is a technology used in LED panel lights to create various patterns and designs. It is basically an electronic device built into the light source itself. Embedded types are mostly used for decorative purposes as they have no practical use other than lighting applications.
Suspended Type:
Suspended type is a new technology that has been developed to overcome the limitations of traditional chip and LED light types. The suspended type involves using a thin, flexible sheet of material such as glass or plastic which is then coated with an adhesive layer. This allows the sheets to be suspended in mid-air, hence avoiding any contact with the surface on which it is mounted and providing better illumination for objects compared to other light sources available in the market today.
Application Insights:
The others application segment accounted for the largest revenue share of over 50% in 2017. The segment includes industrial, hospitality and healthcare applications. Increasing demand for LED panel lights from various industries is expected to drive the global market growth over the forecast period.
Household application dominated the overall industry in terms of revenue as well as volume in 2017 owing to increasing adoption of energy-efficient lighting products by consumers across countries such as India, China and U.S., which are at a high risk level regarding power failures due to inclement weather conditions such as snowfall and rainfall along with rising temperatures during summers months.
Commercial applications include offices, retail stores or malls.
Regional Analysis:
The Asia Pacific regional led panel lights market is expected to witness significant growth over the forecast period owing to increasing demand for energy-efficient lighting in countries such as China, Japan, and India. The rising number of residential and commercial construction activities in the region will drive product demand further.
Europe accounted for a major share of global LED panel lights market revenue in 2016 due to early adoption of these products. However, North America is projected to be the fastest-growing regional segment over the next eight years on account of growing awareness regarding energy conservation among consumers there. Moreover, stringent government regulations pertaining to carbon emissions from conventional lighting sources are likely to play a key role in promoting LED usage across this region during the same period.
Growth Factors:
- Increasing demand from the commercial sector for energy-efficient lighting solutions is expected to drive the LED panel lights market growth over the forecast period.
- Stringent government regulations pertaining to energy consumption in buildings is anticipated to propel the LED panel lights market growth.
- Growing awareness about the benefits of using LED lighting, such as low power consumption and longer life span, is projected to fuel demand for LED panel lights during the forecast period.
- Rising penetration of LEDs in general illumination applications is expected to create new opportunities for players operating in this market over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
LED Panel Lights Market Research Report
By Type
Embedded Type, Suspended Type, Ceiling Type
By Application
Household, Commercial, Others
By Companies
Philips, OPPLE, Panasonic, OSRAM, FSL, NVC Lighting, NPU, TCL, PAK, Yankon
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
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global LED Panel Lights Market Report Segments:
The global LED Panel Lights market is segmented on the basis of:
Types
Embedded Type, Suspended Type, Ceiling Type
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
Household, Commercial, Others
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:
- Philips
- OPPLE
- Panasonic
- OSRAM
- FSL
- NVC Lighting
- NPU
- TCL
- PAK
- Yankon
Highlights of The LED Panel Lights 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:
- Embedded Type
- Suspended Type
- Ceiling Type
- By Application:
- Household
- Commercial
- Others
- 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 Panel Lights 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 Panel Lights are a type of lighting that uses LED lights. They are often used in places where there is a lot of light, such as hallways and stairwells.
Some of the major companies in the led panel lights market are Philips, OPPLE, Panasonic, OSRAM, FSL, NVC Lighting, NPU, TCL, PAK, Yankon.
The led panel lights market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. LED Panel Lights Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. LED Panel Lights Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. LED Panel Lights Market - Supply Chain
4.5. Global LED Panel Lights Market Forecast
4.5.1. LED Panel Lights Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. LED Panel Lights Market Size (000 Units) and Y-o-Y Growth
4.5.3. LED Panel Lights Market Absolute $ Opportunity
5. Global LED Panel Lights Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. LED Panel Lights Market Size and Volume Forecast by Type
5.3.1. Embedded Type
5.3.2. Suspended Type
5.3.3. Ceiling Type
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global LED Panel Lights Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. LED Panel Lights Market Size and Volume Forecast by Application
6.3.1. Household
6.3.2. Commercial
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global LED Panel Lights Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. LED Panel Lights Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global LED Panel Lights Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. LED Panel Lights Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global LED Panel Lights Demand Share Forecast, 2019-2026
9. North America LED Panel Lights Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America LED Panel Lights Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America LED Panel Lights Market Size and Volume Forecast by Application
9.4.1. Household
9.4.2. Commercial
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America LED Panel Lights Market Size and Volume Forecast by Type
9.7.1. Embedded Type
9.7.2. Suspended Type
9.7.3. Ceiling Type
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America LED Panel Lights Demand Share Forecast, 2019-2026
10. Latin America LED Panel Lights Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America LED Panel Lights Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America LED Panel Lights Market Size and Volume Forecast by Application
10.4.1. Household
10.4.2. Commercial
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America LED Panel Lights Market Size and Volume Forecast by Type
10.7.1. Embedded Type
10.7.2. Suspended Type
10.7.3. Ceiling Type
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America LED Panel Lights Demand Share Forecast, 2019-2026
11. Europe LED Panel Lights Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe LED Panel Lights Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe LED Panel Lights Market Size and Volume Forecast by Application
11.4.1. Household
11.4.2. Commercial
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe LED Panel Lights Market Size and Volume Forecast by Type
11.7.1. Embedded Type
11.7.2. Suspended Type
11.7.3. Ceiling Type
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe LED Panel Lights Demand Share, 2019-2026
12. Asia Pacific LED Panel Lights Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific LED Panel Lights Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific LED Panel Lights Market Size and Volume Forecast by Application
12.4.1. Household
12.4.2. Commercial
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific LED Panel Lights Market Size and Volume Forecast by Type
12.7.1. Embedded Type
12.7.2. Suspended Type
12.7.3. Ceiling Type
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific LED Panel Lights Demand Share, 2019-2026
13. Middle East & Africa LED Panel Lights Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa LED Panel Lights Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa LED Panel Lights Market Size and Volume Forecast by Application
13.4.1. Household
13.4.2. Commercial
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa LED Panel Lights Market Size and Volume Forecast by Type
13.7.1. Embedded Type
13.7.2. Suspended Type
13.7.3. Ceiling Type
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa LED Panel Lights Demand Share, 2019-2026
14. Competition Landscape
14.1. Global LED Panel Lights Market: Market Share Analysis
14.2. LED Panel Lights Distributors and Customers
14.3. LED Panel Lights Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Philips
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. OPPLE
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Panasonic
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. OSRAM
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. FSL
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. NVC Lighting
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. NPU
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. TCL
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. PAK
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Yankon
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
