Over 80% Architectural LED Products to be sold across Commercial Sector by 2031: Persistence Market Research Analysis

Over 80% Architectural LED Products to be sold across Commercial Sector by 2031: Persistence Market Research Analysis

PR Newswire

NEW YORK, Feb. 2, 2021

NEW YORK, Feb. 2, 2021 /PRNewswire/ -- LED products are comparatively more environment-friendly than other lighting solutions. This benefit has positively impacted market growth over the past years. LED products are energy-efficient, which helps reduce the load on electricity power plants. Besides, LED lights have focused light that helps reduce unwanted light pollution in the environment, which is otherwise caused due to scattered light from other traditional lighting products. LED products also emit negligible heat, as they have a very efficient electricity-to-light conversion process. These lighting products are also preferred as they do not accumulate chemicals in the surrounding environment and also have a smaller carbon footprint as compared to compact fluorescent lights and conventional incandescent. All of these indicators point toward the sustainability aspect of using LED lighting products, which is why, architectural LED products are a preferred choice across regions.

Persistence Market Research

As per Persistence Market Research analysis, the global architectural LED products market is projected to expand at an impressive CAGR of close to 13% over the next ten years (2021 to 2031).

Key Takeaways from Architectural LED Products Market Study

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"Prominent players in the architectural LED products market should focus on either introducing new advanced product categories and technologies or diversifying into new markets," says a Persistence Market Research analyst.

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Growing Significance of Using Architectural LED Lighting for Designing Spaces with Limitations

Besides providing an aesthetic appeal, LED lighting also require less space and is design flexible as compared to traditional lighting products. This is one among the few prominent features that is projected to augment sales of architectural LED lightings over the coming years.

Use of architectural LED products removes restrictions related to architectural designs such as height of ceiling, insulation contact concerns, plenum space, etc., when planning placement. Such product- and design-related features, along with efficient product performance, have accelerated the growth and adoption of architectural LED products.

The report underlines groundbreaking insights into the competitive scenario of the architectural LED products market, along with highlights of differential strategies used by manufacturers. Some of the prominent players operating in the global architectural LED products market include GE Lighting LLC, OSRAM Light AG, Samsung Group, Cooper Industries Plc, Verbatim Ltd, Galaxia Electronics Co., Ltd, Philips Lumiled Lighting Company LLC, Cree, Inc., Epistar Corporation, and Toshiba Lighting and Technology Corporation

More Valuable Insights on Architectural LED Products Market

Persistence Market Research released a new market research on the architectural LED products market, covering global industry analysis of 2016-2020 and forecasts for 2021–2031. The market study reveals compelling insights on the basis of product type (solar and conventional), end user (residential and commercial) and application (cove lighting, wall washers, in-ground, backlight, and others), across seven major regions.

Browse Research Release at: https://www.persistencemarketresearch.com/market-research/architectural-led-products-market.asp

Browse End-to-end Market: Consumer Goods

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To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At Persistence Market Research, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

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