LED panel light News

LED Panel Light Market Estimated to Exceed US$ 37.5 Billion Globally By 2027


LED panel lighting is a lighting fixture that is highly energy-efficient, long-lasting, and cost-effective. These lighting solutions offer uniform light output and demand less maintenance. It is eco-friendly and has a longer lifespan than traditional lights. It is considered one of the best lighting alternatives for indoor settings, rapidly substituting conventional fluorescent ceiling lights and incandescent lamps. It is a green alternative to conventional light fixtures that are produced from non-hazardous materials like high-grade extruded steel and aluminum. Additionally, the availability of advanced features, such as dimmability, remote plug-and-play drivers, emergency options, motion sensors and timers, and compatibility with building controls, is strengthening the global demand for LED panel lights. 

Market Trends:
The global market is majorly driven by the rising environmental concerns. In line with this, the inclination of the masses towards retrofitting existing lighting fixtures with LED lights is creating a positive outlook for the market. Furthermore, due to their significant benefits over conventional fluorescent ceiling lights, the product’s rising usability in residential and commercial or 

industrial spaces is positively influencing the market. Apart from this, governments of various economies are promoting using LED panel lights to encourage environmental protection and conserve energy, thereby catalyzing the market. Moreover, stringent government legislation regarding environmentally friendly and sustainable products is offering lucrative growth opportunities to the LED panel light market. Besides this, the growing number of hotels, malls, and other commercial spaces is propelling the product demand.

Breakup by Application:
• 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)

Sources reference: 
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