According to IMARC Group latest report titled” LED Flood Light Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the market reached a value of US$ 5.8 Billion in 2020. The Global LED Flood Light Market report to exhibit moderate growth during the next five years. LED flood lights refer to lighting fixtures that are used for illuminating large areas, such as stages, home living spaces, stadiums, yards, private gardens, etc. These lights offer various advantages over other lighting sources as they are environment-friendly, do not generate infrared or UV radiation, help in reducing the carbon footprints, require low electricity, etc. LED flood lights require minimum maintenance and have a highly durable design. Request to get the sample report: www.imarcgroup.com/led-flood-light-manufacturing-plant/requestsample
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Market Trends:
The rising use of LED flood lights for outdoor lighting across numerous industrial and commercial areas, such as stadiums, warehouses, security perimeters, etc., is driving the LED flood light market. Furthermore, several building owners and managers are increasingly adopting LED flood lights as they aid in saving overhead operating and maintenance costs and are energy-efficient. Additionally, LED flood lights also cater to the elevating demand for green lighting technology with optimum luminous efficacy and cool beam bulbs. Moreover, the rising support from several government bodies promoting sustainable development is anticipated to bolster the product demand over the forecast period.
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LED Flood Light Market Segmentation:
Our report has categorized the market based on region and application.
Breakup by Application:
Retrofit
Retail & Hospitality
Outdoor
Offices
Architectural
Residential
Industrial
Breakup by Region:
North America (United States, Canada)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
Market Performance (2015-2020)
Market Outlook (2021-2026)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape