A fresh report has been added to the wide database of Market Research Report Search Engine (MRRSE). The research study is titled "Global LED Retrofit Market – Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026" which encloses important data about the production, consumption, revenue and market share, merged with information related to the market scope and product overview.
The global LED retrofit market is expected to reach US$ 4,983.9 Mn by 2026. The market is projected to expand at a CAGR of 9.25% during the forecast period from 2018 to 2026. According to the report, the global LED retrofit market will continue to be influenced by a range of factors such as rising popularity and adoption of LED lighting worldwide. Additionally, multiple initiatives carried out by government bodies for adoption of LEDs in street light applications is projected to boost the global LED retrofit market during the forecast period of 2018-2026. Asia Pacific will be at the forefront of growth, with the market in the region growing at above 10% through 2026.
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This report analyzes and forecasts the LED retrofit market at the global and regional level. The market has been forecasted based on revenue (US$ Mn) and volume (thousand units) from 2018 to 2026. The study includes drivers and restraints of the global LED retrofit market. It also covers the impact of these drivers and restraints during the forecast period.
The report comprises a detailed value chain analysis, which provides a comprehensive view of the global LED retrofit market. Porter’s Five Forces model for the LED retrofit market has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein end-users are benchmarked based on their market size, growth rate, and general attractiveness.
This research study on the global LED retrofit market provides a detailed cross segment and cross country analysis based on the different segments including ‘by application,’ ‘by type,’ and ‘by functionality.’ Based on application, the global LED retrofitmarket is segmented into residential, commercial, industrial, and others. Others include square and custom LED retrofits. Additionally by type, the global LED retrofit market is segmented into indoor and outdoor. by functionality, the market is segmented into dimmable and non-dimmable.
Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, and SEC filings, internal and external proprietary databases, and relevant patent and regulatory databases, national government documents, statistical databases, and market reports, news articles, press releases, and webcasts specific to companies operating in the market, national government documents, statistical databases, and market reports, Factiva, etc.
Primary research involves e-mail interactions, telephonic interviews, and face-to-face interviews for each market, category, segment, and sub-segment across geographies. We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate the data and analysis. Primary interviews provide first hand information on the market size, market trends, growth trends, competitive landscape, and outlook, etc. These helps us to validate and strengthen secondary research findings. These also help to develop the analysis team’s market expertise and understanding.
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The report highlights well established players of the market including Philips Lighting Holdings B.V., OSRAM Licht Group, Fulham Co., Inc., Tridonic, Eaton, General Electric Company, and Cree Inc. among others. These key players are looking to capture larger market share by innovating novel LED retrofit lights. For instance,in December 2017, Cree Inc. launched XLamp XD16, an extreme density LED which provides five and a half times higher lumen density as compared to its previous LED solutions, which is suggested to have a positive impact on its LED retrofit offerings. Additionally, in October 2017, Tridonic announced the launch of its LLE AC G1 module, a single-component solution tailored to linear luminaire. The integrated electronics, self-cooling, lighting technology and a packet of mounting accessories makes it a prominent retrofit option.
Global LED Retrofit Market
Global LED Retrofit Market, by Application
Residential
Commercial
Industrial
Others
Global LED RetrofitMarket, by Type
Indoor
Outdoor
Global LED Retrofit Market, by Functionality
Dimmable
Non-dimmable
Global LED RetrofitMarket, by Geography
North America
The U.S.
Canada
Rest of North America
Europe
France
The U.K
Germany
Rest of Europe
Asia Pacific (APAC)
India
Japan
China
Rest of APAC
Middle East & Africa (MEA)
GCC Countries
South Africa
Rest of MEA
South America
Brazil
Rest of South America
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