Artificial Light Sources Market
Artificial Light Sources Market Scope: Industry
Analysis, Market Size, Growth, Trends Till 2031
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Artificial Light Sources Market Size and Growth
The Artificial Light Sources market is poised for significant growth, driven by advancements in LED technology and increased demand for energy-efficient solutions. The market size is projected to reach approximately $75 billion by 2026, reflecting a compound annual growth rate (CAGR) of around 7% as applications expand across various sectors.
Companies Covered
(Covid 19 Impact Covered)
◍ Philips
◍ LEDVANCE
◍ NEC Lighting
◍ KEYENCE
◍ USHIO LIGHTING
The artificial light sources market features key players like Philips, LEDVANCE, NEC Lighting, KEYENCE, and USHIO LIGHTING. These companies innovate in LED technology and smart lighting, enhancing energy efficiency and applications. Their advancements contribute to market growth through increased adoption of sustainable lighting solutions.
- Philips: $8.1 billion
- LEDVANCE: $1.6 billion
- NEC Lighting: $1.2 billion
- KEYENCE: $4.1 billion
- USHIO LIGHTING: $700 million
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Market Segmentation
By Application
Residential
Commercial
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By Product
LED Light Source
Xenon Light Source
Others
Market Growth
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$ X Billion USD
