Dublin, Sept. 09, 2019 (GLOBE NEWSWIRE) -- The "LED Panel Light Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024" report has been added to ResearchAndMarkets.com's offering. The global LED panel light market was worth US$ 15.02 Billion in 2018. According to estimates, the market is anticipated to exceed US$ 32.28 Billion by 2024, growing at a CAGR of 13.86% during 2019-2024.LED panel light is a type of lighting fixture that is highly energy efficient and cost-effective, long-lasting, gives uniform light output, and requires less maintenance. Owing to these advantages, it is rapidly replacing conventional fluorescent ceiling lights and is considered one of the best lighting alternatives for indoor settings. Due to good structural design for heat dissipation and light emitting on sides, LED panel lights can disperse heat quickly which helps to extend their life span.Nowadays, the demand for these lights is high across the globe as they are available in various shapes, sizes and designs that are suitable for offices and conference rooms, hotels and restaurants, showrooms and malls, hospitals and laboratories, and educational institutes.Unlike fluorescent light fixtures, LED panel lights have no-restrike delays and can start instantly and can be easily installed in fast retrofitting situations. Apart from this, these lights are rapidly gaining preference in highly controlled environments owing to their advanced features including dimmability, remote plug and play drivers, maintained three hours emergency options, compatibility with building controls, motion sensors and timers.They are also being considered as a green alternative to traditional light fixtures as they are constructed with non-hazardous materials such as high-grade extruded aluminum and steel which have no disposal issues. Owing to these benefits, governments of various nations are also encouraging the use of LED panel lights to conserve energy and promote environmental protection.Moreover, with the advancements in the LED technology, manufacturers have launched LED products in new color variants, which is further contributing to their demand. Breakup by Application

Retrofit currently represents the largest application segment, accounting for the majority of the global LED lighting market share. Retrofitting of existing lighting fixtures with LED lights has gained immense popularity in both the indoor and outdoor lighting segments.Regional Insights

On the geographical front, China exhibits a clear dominance in the global LED lighting market. The increasing number of malls, hotels and other commercial complexes in the country have escalated the demand for LED lights.Competitive LandscapeThe market is highly concentrated with the presence of a few small and large manufacturers who compete in terms of prices and quality. Some of the leading players operating in the market are:

Key Topics Covered 1 Preface2 Scope & Methodology3 Executive Summary4 Introduction4.1 Overview4.2 Key Industry Trends5 Global LED Lighting Industry5.1 Market Overview5.2 Market Performance5.2.1 Volume Trends5.2.2 Value Trends5.3 LED Panel Light Market5.4 Market Breakup by Region5.5 Market Breakup by Application5.6 Market by LED Products: LED Lamps, Modules and Fixtures5.6.1 Current and Historical Market Trends5.6.2 Market Forecast5.7 Market Forecast5.8 SWOT Analysis5.8.1 Overview5.8.2 Strengths5.8.3 Weaknesses5.8.4 Opportunities5.8.5 Threats5.9 Value Chain Analysis5.9.1 Primary Raw Materials Suppliers5.9.2 LED Chip Manufacturers5.9.3 LED Package and Module Manufacturers5.9.4 Lighting Products, Electronic Products and Automotive Part Manufacturers5.9.5 Product Distribution5.9.6 End Users5.10 Porter's Five Forces Analysis5.10.1 Overview5.10.2 Bargaining Power of Buyers5.10.3 Bargaining Power of Suppliers5.10.4 Degree of Competition5.10.5 Threat of New Entrants5.10.6 Threat of Substitutes5.11 Key Success and Risk Factors for LED Panel Light Manufacturers5.12 Comparative Analysis of CFL and LED5.13 Price Analysis5.13.1 Key Price Indicators5.13.2 Price Structure6 Performance of Key Regions6.1 India6.2 China6.3 Europe6.4 United States6.5 Japan6.6 Brazil6.7 Russia6.8 Others7 Market by Application7.1 Retrofit7.2 Retail & Hospitality7.3 Outdoor7.4 Offices7.5 Architectural7.6 Residential7.7 Industrial8 Competitive Landscape8.1 Market Structure8.2 Market Breakup by Key Players9 LED Panel Light Manufacturing Process9.1 Product Overview and Specifications9.2 Key Features and Advantages9.3 Key Application Areas9.3.1 Offices and Conference Rooms9.3.2 Hotels and Restaurants9.3.3 Showrooms and Malls9.3.4 Hospitals and Laboratories9.4 Popular Shapes and Sizes9.4.1 LED Panel Light Box Series (Square)9.4.2 LED Panel Light Slim Series (Round)9.4.3 LED Panel Light Slim Series (Square)9.4.4 LED Panel Light Slim Series (Rectangular)9.5 Design Material Alternatives9.5.1 Extruded Aluminium Frame9.5.2 Steel Sheet Frame9.5.3 Steel Sheet Frame Coated/Finished with White Powder9.5.4 Metallized or White Reflector9.5.5 Clear or Matted Lens9.6 Manufacturing Process9.7 Raw Material Requirements9.8 Raw Material Pictures10 Project Details, Requirements and Costs Involved10.1 Land Requirements and Expenditures10.2 Construction Requirements and Expenditures10.3 Plant Machinery10.4 Machinery Pictures10.5 Raw Material Requirements and Expenditures10.6 Raw Material and Final Product Pictures10.7 Packaging Requirements and Expenditures10.8 Transportation Requirements and Expenditures10.9 Utility Requirements and Expenditures10.10 Manpower Requirements and Expenditures10.11 Other Capital Investments11 Loans and Financial Assistance12 Project Economics12.1 Capital Cost of the Project12.2 Techno-Economic Parameters12.3 Product Pricing and Margins Across Various Levels of the Supply Chain12.4 Taxation and Depreciation12.5 Income Projections12.6 Expenditure Projections12.7 Financial Analysis12.8 Profit Analysis13 Key Player Profiles For more information about this report visit https://www.researchandmarkets.com/r/4p336w



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