Complete Overview of Architectural LED Products: Wall Washing & Cove Lighting Applications to Witness Fastest Growth in the Next Few Years

Press Release – 04 Jan 2019

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Latest Update "Global Market Study on Architectural LED Products: Wall Washing & Cove Lighting Applications to Witness Fastest Growth in the Next Few Years" with Industries Survey | Global Current Growth and Future.

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“Conventional Products Maintaining Strongest Demand”

On the basis of product type, the architectural LED products market has been segmented into solar products and conventional products, which has been further bifurcated into strips and linear and lamps. Among these, the conventional products segment currently provide for more than 90% of the overall demand and is expected to retain its dominance throughout the forecast period of 2017 to 2021. However, despite being costly in terms of installation, solar products are gaining traction as they are more in sync with global bid for energy conservation and offer long-term benefits. The demand for the solar products segment is primed to expand at a better growth rate than the conventional ones.

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The Global Architectural LED products market are: radical rate of infrastructural development in a number of emerging economies, government initiatives and regulations to promote the usage of products that are energy efficient, and growing awareness among consumers regarding long life-span and other benefits of these products. On the other hand, substantial initial cost and increasing consumer inclination towards other lighting technology products are a few restraints hindering the prosperity of the architectural LED products market. Nevertheless, the lead analyst suggests that tie-ups with construction companies and real estate builders will provide for chunk of opportunities in the near future.

“APAC Architectural LED Products Market to Exceed US$ 5.0 Bn by 2021”

Geographically, Asia Pacific is the most profitable region by a considerable margin. As per the projections of this architectural LED products market report, Asia Pacific will constitute for a demand that will be worth US$5,857.9 mn by 2021. Representing more than half of the total demand, the Asia Pacific architectural LED products market has been projected to expand at an above-average CAGR of 20.8% during the forecast period of 2017 to 2021.

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“Global Architectural LED Products Market: Overview”

This report on the global architectural LED products market is a thorough study on how the demand has evolved in the recent past and where it is headed during a foreseeable future. This market research report provides analysis for the period 2013 to 2021, wherein the period from 2017 to 2021 is the forecast and 2016 is the base year. The report covers all the major trends and technologies playing influential role in the market’s growth over the forecast period. It also highlights the drivers, restraints, and opportunities expected to impact the market’s growth during the said period. The study provides a complete perspective on global architectural LED products market evolution throughout the above mentioned forecast period in terms of revenue.

“Global Architectural LED Products Market: Forecasts”

Yearly change in inflation rate has not been considered while forecasting market numbers. Top-down approach has been used to assess market numbers for each product category. Bottom-up approach has been used to counter-validate the reached numbers and end-use application-wise market numbers. Macro-economic indicators such as GDP, wholesale & retail trade, merchandise trade, and prices have been considered to arrive at the indicated market numbers.

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