Global LED Tube Lights Sales Market Report 2021
An LED Tube Light is a light-emitting diode (LED) product which is assembled into a Tube Light for use in lighting fixtures. LED Tube Lights have a lifespan and electrical efficiency which are several times greater than incandescent Tube Lights, and are significantly more efficient than most fluorescent Tube Lights, with some chips able to emit more than 300 lumens per watt.
Philips Lighting, Lendvance, GE Lighting are the top production value share spots in the LED Tube Lights market in 2017. Philips Lighting dominated with 13.54% production value share, followed by Lendvance with 10.74% production value share and GE Lighting with 5.92% production value share.
Market dynamics include policy, economic, market penetration rate, etc. In order to promote energy conservation, the government is strongly advocating the use of LED light with a series of preferential policies, such as reducing enterprise tax rate. LED Lighting industry presents differential permeability in different regions. The permeability in North America, Europe, Singapore, is obviously greater than that of India, Southeast Asia (ex. Singapore), Africa, etc.
Overcapacity has aggravated the vicious intensification of enterprises, resulted in price of the product has been declining. The profit margin of the enterprise is also decreasing. In order to solve these problems and seize market share, the integration of international lighting giants is increasing, such as MLS purchasing Lendvance from Osram.
LED Tube Lights used in industry including Commerical Use and Residential Use. Report data showed that 92.61% of the LED Tube Lights market demand in Commerical Use in 2017.
As downstream demand grows and technical barriers become less, there will be a huge market space for LED Tube Lights. To grab more market, the little companies have to expand the technology, capital investment and brand influence. To meet the challenge of little companies and keep their leading stage, leading companies need to increase the technology innovation and speed up the product upgrading. In the future, LED Tube Lights market will still be a market of fierce competition.
Market Analysis and Insights: Global LED Tube Lights Market
The global LED Tube Lights market was valued at US$ 6985.4 in 2020 and will reach US$ 12380 million by the end of 2027, growing at a CAGR of 10.0% during 2022-2027.
Global LED Tube Lights Scope and Market Size
The global LED Tube Lights market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global LED Tube Lights market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2016-2027.
Segment by Type
T5
T8
Others
Segment by Application
Commerical Use
Residential Use
The LED Tube Lights market is analysed and market size information is provided by regions (countries). Segment by Application, the LED Tube Lights market is segmented into North America, Europe, China, Japan, Southeast Asia, India and Other Regions.
By Company
Philips Lighting
Lendvance
GE Lighting
Panasonic
Opple
Toshiba
NVC (ETI)
Sharp
Cree
Yankon Lighting
Shanghai Feilo Acoustics
FSL
PAK
MLS
Dongguan Kingsun Optoelectronic
Philips Lighting, Lendvance, GE Lighting are the top production value share spots in the LED Tube Lights market in 2017. Philips Lighting dominated with 13.54% production value share, followed by Lendvance with 10.74% production value share and GE Lighting with 5.92% production value share.
Market dynamics include policy, economic, market penetration rate, etc. In order to promote energy conservation, the government is strongly advocating the use of LED light with a series of preferential policies, such as reducing enterprise tax rate. LED Lighting industry presents differential permeability in different regions. The permeability in North America, Europe, Singapore, is obviously greater than that of India, Southeast Asia (ex. Singapore), Africa, etc.
Overcapacity has aggravated the vicious intensification of enterprises, resulted in price of the product has been declining. The profit margin of the enterprise is also decreasing. In order to solve these problems and seize market share, the integration of international lighting giants is increasing, such as MLS purchasing Lendvance from Osram.
LED Tube Lights used in industry including Commerical Use and Residential Use. Report data showed that 92.61% of the LED Tube Lights market demand in Commerical Use in 2017.
As downstream demand grows and technical barriers become less, there will be a huge market space for LED Tube Lights. To grab more market, the little companies have to expand the technology, capital investment and brand influence. To meet the challenge of little companies and keep their leading stage, leading companies need to increase the technology innovation and speed up the product upgrading. In the future, LED Tube Lights market will still be a market of fierce competition.
Market Analysis and Insights: Global LED Tube Lights Market
The global LED Tube Lights market was valued at US$ 6985.4 in 2020 and will reach US$ 12380 million by the end of 2027, growing at a CAGR of 10.0% during 2022-2027.
Global LED Tube Lights Scope and Market Size
The global LED Tube Lights market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global LED Tube Lights market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2016-2027.
Segment by Type
T5
T8
Others
Segment by Application
Commerical Use
Residential Use
The LED Tube Lights market is analysed and market size information is provided by regions (countries). Segment by Application, the LED Tube Lights market is segmented into North America, Europe, China, Japan, Southeast Asia, India and Other Regions.
By Company
Philips Lighting
Lendvance
GE Lighting
Panasonic
Opple
Toshiba
NVC (ETI)
Sharp
Cree
Yankon Lighting
Shanghai Feilo Acoustics
FSL
PAK
MLS
Dongguan Kingsun Optoelectronic
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
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