LED Tube Lights market scrutinized in new research

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.

Scope of the Report:
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.

The worldwide market for LED Tube Lights is expected to grow at a CAGR of roughly 9.8% over the next five years, will reach 8230 million US$ in 2024, from 4690 million US$ in 2019, according to a new Research study.
This report focuses on the LED Tube Lights in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.

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Market Segment by Manufacturers, this report covers

Philips Lighting
Lendvance
GE Lighting
Panasonic
Opple
Toshiba
NVC (ETI)
Sharp
Cree
Yankon Lighting
Shanghai Feilo Acoustics
FSL
PAK
MLS
Dongguan Kingsun Optoelectronic

Browse Report :https://www.1marketresearch.com/market-reports/led-tube-lights-market-industry-report-101719

Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Market Segment by Type, covers
T5
T8
Others

Market Segment by Applications, can be divided into
Commerical Use
Residential Use

The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe LED Tube Lights product scope, market overview, market opportunities, market driving force and market risks.
Chapter 2, to profile the top manufacturers of LED Tube Lights, with price, sales, revenue and global market share of LED Tube Lights in 2017 and 2018.
Chapter 3, the LED Tube Lights competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the LED Tube Lights breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2014 to 2019.
Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2014 to 2019.
Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2014 to 2019.
Chapter 12, LED Tube Lights market forecast, by regions, type and application, with sales and revenue, from 2019 to 2024.
Chapter 13, 14 and 15, to describe LED Tube Lights sales channel, distributors, customers, research findings and conclusion, appendix and data source.

Aira McDonald

Aira McDonald is a seasoned journalist with nearly 15 years experience. While studying journalism at the University of Detroit,, Aira  found a passion for finding engaging stories. As a contributor to PR News Globe, Aira mostly covers human interest pieces.

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Aira McDonald

About the Author: Aira McDonald

Aira McDonald is a seasoned journalist with nearly 15 years experience. While studying journalism at the University of Detroit,, Aira  found a passion for finding engaging stories. As a contributor to PR News Globe, Aira mostly covers human interest pieces.