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The Worldwide Light Engine Industry is Expected to Reach $56 Billion by 2029

Research and Markets
·6-min read

Dublin, Oct. 27, 2021 (GLOBE NEWSWIRE) -- The "Light Engine Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2021 To 2029" report has been added to ResearchAndMarkets.com's offering.

Globally, the light engine market is expected to grow with a CAGR of 12.9% during the forecast period from 2021 to 2029 and had been estimated to register a market value of US$ 56.08 Bn by 2029. Rising urbanization has led to technological advancement which is offering new technologies and products to the consumers and industries. Light engine are similar to the LEDs mounted on a board. The light engine drives the LEDs by managing thermals, providing protection, and regulating power. There are various benefit of light engine such as reduction in cost as these engines are connected directly to the main power by eliminating the external power supply.

Moreover, due to their direct connectivity the design of these engines is more flexible. Addiitonally, the reduction in cost of the semiconductor equipments plays a vital role in the growth of the market globally. Also, increasing adoption of flexible light engines in residential and commercial area is also prominently expanding the market in coming years. However, limited awareness regarding the installation costs, and rapid development of alternative technologies are likely to hinder the growth of this market during the forecast period.

Light Engine with Indoor Lightining in its End-User Applications Segment Continue Dominating the Market

In the year 2020, the overall light engine market was dominated by the indoor lightining segment in its industry size segment accounting for more than 55.0% of the market revenue and is expected to grow with a significant CAGR during the forecast period. The rising in urbanization and development in the infrastructure globally are considered as the major factors driving the market globally. The rise in population and increasing need for homes an apartments is also fuelling the growth of the market.

Asia-Pacific Dominates the Market by Region

The global light engine market was led Asia-Pacific with a market share than of more 30.0% in the year 2020. The rising adoption of energy efficient technology and development in the infrastructure in the region is expected to drive the market globally. Moreover, based on countries the region has been segmented as China, Japan, India and rest of Asia-Pacific. The China accounts the largest share in the region due to increasing investments made by the government and private sector for the development of infrastructure and adoting power saving technologies.

Some of the prominent players operating in the light engine are OSRAM Licht Group, Philips Lighting Holdings B.V., Fulham Co., Inc., MaxLite, Inc., Tridonic, General Electric Company, Fusion Optix, Inc., Thomas Research Products, Cree Inc., and RS Components Pty Ltd.

Key questions answered in this report

  • What was the market size of light engine in 2020 and forecast up to 2029?

  • Which is the largest regional market indoor lighting in its end-user application segment?

  • What are the major trends followed in the light engine market across different regions?

  • Who is the key light engine companies leading the market?

  • What are the key strategies adopted by the leading Light Engine companies in the market?

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Unique data points of this report

  • Statistics on light engine penetration and spending worldwide

  • Recent trends across different regions in terms of the adoption of light engine.

  • Notable developments going on in light engine market

  • Attractive investment proposition for segments as well as geography

  • The comparative scenario for all the segments for years 2020 (actual) and 2029 (forecast)

Key Topics Covered:

1. Preface

2. Executive Summary

3. Market Dynamics
3.1. Introduction
3.1.1. Global LE Market Value, 2019-2029, (US$ Bn)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.3. Attractive Investment Proposition, by Geography, 2020
3.4. Market Positioning of Key Players, 2020
3.4.1. Major Strategies Adopted by Key Players

4. Global Light Engine (LE) Market, by Product Type, 2019-2029 (US$ Bn)
4.1. Overview
4.2. Lamp
4.3. Luminaire

5. Global Light Engine (LE) Market, by Installation Type, 2019-2029 (US$ Bn)
5.1. Overview
5.2. New Installation
5.3. Retrofit Installation

6. Global Light Engine (LE) Market, by End-Use Application, 2019-2029 (US$ Bn)
6.1. Overview
6.2. Indoor Lighting
6.2.1 Residential
6.2.2 Commercial
6.2.3 Industrial
6.2.4 Others
6.3. Outdoor Lighting
6.3.1 Highways & Roadways Lighting
6.3.2 Architectural Lighting
6.3.3 Lighting for Public Places
6.3.4 Others

7. North America Light Engine (LE) Market Analysis, 2019-2029 (US$ Bn)
7.1. Overview
7.2. North America LE Market Value, By Product Type, 2019-2029 (US$ Bn)
7.3. North America LE Market Value, By Installation Type, 2019-2029 (US$ Bn)
7.4. North America LE Market Value, By End-Use Application, 2019-2029 (US$ Bn)
7.5. North America LE Market Value, By Region/Country, 2019-2029 (US$ Bn)

8. Europe Light Engine (LE) Market Analysis, 2019-2029 (US$ Bn)
8.1. Overview
8.2. Europe LE Market Value, By Product Type, 2019-2029 (US$ Bn)
8.3. Europe LE Market Value, By Installation Type, 2019-2029 (US$ Bn)
8.4. Europe LE Market Value, By End-Use Application, 2019-2029 (US$ Bn)
8.5. Europe LE Market Value, By Region/Country, 2019-2029 (US$ Bn)

9. Asia Pacific Light Engine (LE) Market Analysis, 2019-2029 (US$ Bn)
9.1. Overview
9.2. Asia Pacific LE Market Value, By Product Type, 2019-2029 (US$ Bn)
9.3. Asia Pacific LE Market Value, By Installation Type, 2019-2029 (US$ Bn)
9.4. Asia Pacific LE Market Value, By End-Use Application, 2019-2029 (US$ Bn)
9.5. Asia Pacific LE Market Value, By Region/Country, 2019-2029 (US$ Bn)

10. Rest of the World Light Engine (LE) Market Analysis, 2019-2029 (US$ Bn)
10.1. Overview
10.2. Rest of the World LE Market Value, By Product Type, 2019-2029 (US$ Bn)
10.3. Rest of the World LE Market Value, By Installation Type, 2019-2029 (US$ Bn)
10.4. Rest of the World LE Market Value, By End-Use Application 2019-2029 (US$ Bn)
10.5. Rest of the World LE Market Value, By Region, 2019-2029 (US$ Bn)

11. Company Profiles
11.1. OSRAM Licht Group
11.2 Philips Lighting Holdings B.V.
11.3. Fulham Co., Inc.
11.4 MaxLite, Inc.
11.5. Tridonic
11.6. General Electric Company
11.7. Fusion Optix, Inc.
11.8. Thomas Research Products
11.9. Cree Inc.
11.10. RS Components Pty Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/97uzod

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900