LED Modules and Light Engines Market
LED Modules and Light Engines
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LED Modules and Light Engines Market Size and Growth
The LED Modules and Light Engines market continues to expand, driven by increasing energy efficiency demands and technological advancements. The global market size is projected to reach approximately $25 billion by 2025, reflecting significant growth. Key drivers include rising adoption in residential and commercial sectors, coupled with innovations in design and functionality.
Companies Covered
(Covid 19 Impact Covered)
◍ Philips Lighting
◍ OSRAM Licht Group
◍ Fulham
◍ Tridonic
◍ MaxLite
◍ General Electric Company
◍ Thomas Research Products
◍ Fusion Optix
◍ RS Components
◍ Zlight Technology
◍ SORAA
◍ Zhaga Consortium
The LED Modules and Light Engines market features key players like Philips Lighting and OSRAM, driving innovation and adoption. Companies like Fulham and Tridonic enhance efficiency, while MaxLite and GE expand applications. SORAA and Zhaga Consortium promote standards, collectively fostering market growth through advanced solutions and increased accessibility.
- Philips Lighting: €8.2 billion (2022)
- OSRAM Licht Group: €3.5 billion (2021)
- General Electric Company: $15.5 billion (2021)
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Market Segmentation
By Application
Residential
Commercial
Industrial
Others
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By Product
Market Growth
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$ X Billion USD
