Dublin, June 10, 2021 (GLOBE NEWSWIRE) -- The "LED Tube Light Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.
The global LED tubelight market exhibited strong growth during 2015-2020. A light-emitting diode (LED) tube light currently represents one of the most energy efficient type of linear tube lighting. Due to their high energy efficiency and longer life, these lights are rapidly replacing fluorescent tube lights that are often used in commercial and residential buildings. Unlike fluorescent tubes (which tend to burn out faster when integrated with occupancy sensors and other controls), LED tube lights work perfectly with control systems. They have a longer life span of 50,000 to 100,000 hours, which is 55-75 times more than their traditional counterparts. These eco-friendly lights offer maximum light output along with energy savings and come in a wide array of color temperatures. On account of their unique solid-state design, LED tube lights are lightweight, extremely durable and require virtually no maintenance or warm up time. Besides this, they are highly resistant to temperature alterations and can remain stable even in extremely cold conditions.
With the inflating prices of electricity around the world, consumers are shifting from compact fluorescent lights (CFLs) to LED tube lights. This is further supported by awareness campaigns and policies for energy conservation and environmental protection by governments in various countries. On the other hand, manufacturers are coming up with different LED lighting products and investing in marketing through newspapers and televisions which is increasing product awareness among consumers. Further, strong demand for LED tube lights is emerging from the corporate sector as they offer better ambiance lighting, enhanced controls and reduced maintenance costs. They are also widely being used in automotive, general lighting, mobile devices, signal and signage, healthcare, forensic, academics and street lighting which is stimulating the market growth. Looking forward, the publisher expects the global LED tubelight market to grow at a CAGR of 12.2% during 2021-2026.
Break up by Application:
Retail & Hospitality
Retrofit currently accounts for the majority of the LED lighting market share, followed by retail and hospitality. LED lights are rapidly replacing conventional lighting systems owing to the growing awareness among consumers about the advantages offered by these lights.
On the geographical front, China enjoys the leading position in the global LED chip market due to the rising demand from luxury malls, hotels and other commercial spaces in the country. Apart from this, a huge demand is also emerging from public infrastructures such as airports, railways, ports and urban rail transport systems.
The LED lighting market is concentrated in nature due to the presence of a few manufacturers who compete against one another in terms of prices as well as quality.
Key Questions Answered in This Report:
How has the global LED lighting market performed so far and how will it perform in the coming years?
How has the global LED tube light market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global LED tube light market?
What are the key regional markets?
What are the major application segments in the industry?
What are the key product types in the industry?
What are the various stages in the value chain of the global LED lighting industry?
What are the key driving factors and challenges in the global LED lighting industry?
What is the structure of the global LED lighting industry and who are the key players?
What is the degree of competition in the global LED lighting industry?
What are the profit margins in the global LED lighting industry?
What are the key requirements for setting up a LED tube light manufacturing plant?
How are LED tube light manufactured?
What are the various unit operations involved in a LED tube light manufacturing plant?
What is the total size of land required for setting up a LED tube light manufacturing plant?
What are the machinery requirements for setting up a LED tube light manufacturing plant?
What are the raw material requirements for setting up a LED tube light manufacturing plant?
What are the packaging requirements for LED tube light?
What are the transportation requirements for LED tube light?
What are the utility requirements for setting up a LED tube light manufacturing plant?
What are the manpower requirements for setting up a LED tube light manufacturing plant?
What are the capital costs for setting up a LED tube light manufacturing plant?
What will be the income and expenditures for a LED tube light manufacturing plant?
What is the time required to break-even?
Key Topics Covered:
2 Scope and Methodology
3 Executive Summary
4.2 Key Industry Trends
5 Global LED Lighting Industry
5.1 Market Overview
5.2 Market Performance
5.2.1 Volume Trends
5.2.2 Value Trends
5.3 Impact of COVID-19
5.4 LED Tube Light Market
5.5 Market Breakup by Region
5.6 Market Breakup by Application
5.7 Market by LED Products: LED Lamps, Modules and Fixtures
5.7.1 Current and Historical Market Trends
5.7.2 Market Forecast
5.8 Market Forecast
5.9 SWOT Analysis
5.10 Value Chain Analysis
5.11 Porter's Five Forces Analysis
5.12 Key Success and Risk Factors for LED Tube Light Manufacturers
5.13 Comparative Analysis of CFL and LED
5.14 Price Analysis
6 Performance of Key Regions
6.1.1 Market Trends
6.1.2 Market Forecast
6.2.1 Market Trends
6.2.2 Market Forecast
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 United States
6.4.1 Market Trends
6.4.2 Market Forecast
6.5.1 Market Trends
6.5.2 Market Forecast
6.6.1 Market Trends
6.6.2 Market Forecast
6.7.1 Market Trends
6.7.2 Market Forecast
6.8.1 Market Trends
6.8.2 Market Forecast
7 Market by Application
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Retail & Hospitality
7.2.1 Market Trends
7.2.2 Market Forecast
7.3.1 Market Trends
7.3.2 Market Forecast
7.4.1 Market Trends
7.4.2 Market Forecast
7.5.1 Market Trends
7.5.2 Market Forecast
7.6.1 Market Trends
7.6.2 Market Forecast
7.7.1 Market Trends
7.7.2 Market Forecast
8 Competitive Landscape
8.1 Market Structure
8.2 Market Breakup by Key Players
9 LED Tube light Manufacturing Process
9.1 Product Overview and Specifications
9.2 Key Features and Advantages
9.3 Key Application Areas
9.3.1 Offices and Conference Rooms
9.3.2 Showrooms and Malls
9.3.3 Homes, Departmental Stores and Boutiques
9.3.4 Warehouses and Parking Houses
9.3.5 Hospitals and Laboratories
9.4 Popular Types
9.4.1 LED Tube Light (Direct Fit)
9.4.2 LED Tube Light (Internal Driver)
9.4.3 LED Tube Light (External Driver)
9.5 Design Material Alternatives
9.5.1 Thermoplastic Housing
9.5.2 Extruded Aluminium Housing
9.5.3 Extruded Glass Housing
9.6 Manufacturing Process
9.7 Raw Material Requirements
9.8 Raw Material Pictures
10 Project Details, Requirements and Costs Involved
10.1 Land Requirements and Expenditures
10.2 Construction Requirements and Expenditures
10.3 Plant Machinery
10.4 Machinery Pictures
10.5 Raw Material Requirements and Expenditures
10.6 Raw Material and Final Product Pictures
10.7 Packaging Requirements and Expenditures
10.8 Transportation Requirements and Expenditures
10.9 Utility Requirements and Expenditures
10.10 Manpower Requirements and Expenditures
10.11 Other Capital Investments
11 Loans and Financial Assistance
12 Project Economics
12.1 Capital Cost of the Project
12.2 Techno-Economic Parameters
12.3 Product Pricing and Margins Across Various Levels of the Supply Chain
12.4 Taxation and Depreciation
12.5 Income Projections
12.6 Expenditure Projections
12.7 Financial Analysis
12.8 Profit Analysis
13 Key Player Profiles
For more information about this report visit https://www.researchandmarkets.com/r/8cmwy8
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