Pumps Industry Data Book Covers Centrifugal Pump and Positive Displacement Pump Markets.
The economic value generated by the pumps market was estimated at approximately USD 57.7 billion in 2023. The demand for pumps is on the rise owing to their varied use in such as water & wastewater, power construction, chemicals, and oil & gas industries. Rising expectations of customers in the past few decades have led to increased spending by the end-user industry globally to improve the quality of industrial pumps along with installing advanced process control. This has led to increased spending by the pump manufacturers in an attempt to improve energy efficiency, which is likely to drive the demand for improved energy-efficient pumps over the forecast period. Access the Global Pumps Industry Data Book from 2024 to 2030, compiled with details by Grand View Research Centrifugal Pump Market Growth & Trends The global centrifugal pump market size was reached to USD 38.6 billion in 2023, expanding at 3.9% CAGR from 2024 to 2030, according to a new report by Grand View Research, Inc. The centrifugal demand has escalated owing to the increase in pump demand for pressure fluids. The pumps are primarily used for accelerating fluids, like water, chemicals, sludge treatment liquids, wastewater, oil, bleaches, and resins. Increasing demand for water in domestic and industrial applications due to the growing world population is driving the market growth. Expanding population, rapid urbanization, technological developments, and growth in infrastructure have augmented the demand for fresh and processed water across the globe. This in turn is expected to fuel the market growth over the forecast period. In addition, water scarcity is affecting regions across the globe owing to the lack of freshwater resources, there is an increased need for wastewater treatment to meet the rising demand for clean water. This is expected to drive the global water and wastewater treatment equipment market over the forecast period. Expanding industrial sectors including food & beverage, chemicals, pulp & paper, pharmaceutical, power, metal & mining, textiles, semiconductors, and oil & gas result in increased consumption of clean water, which is expected to drive the demand for the centrifugal pump industry across the globe. Manufacturers of centrifugal pumps adopt several strategies including acquisitions, mergers, joint ventures, new product developments, and geographical expansions to enhance their market penetration and cater to the changing technological demand for equipment from various end-use industries such as agriculture, construction & building services, water & wastewater, power generation, oil & gas, chemical, and others. For instance, in October 2022, Sulzer introduces updated features for the AHLSTAR A line of process pumps. AHLSTAR A pumps made of ductile iron have a 180°C temperature limit and a maximum working pressure of 16 bars. Order your copy of Free Sample of “Pumps Industry Data Book - Centrifugal Pump and Positive Displacement Pump Market Size, Share, Trends Analysis, And Segment Forecasts, 2024 - 2030” Data Book, published by Grand View Research Positive Displacement Pump Market Growth & Trends The global positive displacement pumps market size was valued USD 19.1 billion in 2023, growing at a CAGR of 4.8% from 2024 to 2030, according to a new report by Grand View Research, Inc. Positive displacement pumps are crucial components in various industrial applications, and their efficiency is influenced by several driving factors. One key factor is the nature of positive displacement, ensuring a consistent flow regardless of system pressure. The ability to handle high-viscosity fluids and maintain a steady flow rate under varying conditions makes them ideal for processes requiring precision and reliability. In addition, these pumps are often preferred due to their self-priming capabilities, making them effective in situations where a suction lift is necessary. The product versatility in accommodating different fluids, from thin liquids to highly viscous substances, further contributes to their widespread use in industries, such as oil & gas, chemical processing, and food production. Moreover, advancements in design and materials, as well as the integration of innovative technologies, continue to enhance the efficiency, durability, and overall performance of positive displacement pumps, making them indispensable for critical industrial processes. In industries, such as oil & gas, pharmaceuticals, and food processing, these pumps are favored for their ability to handle shear-sensitive fluids and provide a consistent output. For instance, positive displacement pumps, such as gear or reciprocating pumps, are commonly used to transfer crude oil from production sites to refineries through pipelines. Crude oil often contains a mix of hydrocarbons with varying viscosities, and positive displacement pumps excel at handling these different fluid properties. The consistent flow provided by these pumps ensures a steady and reliable transfer of crude oil over long distances. The self-priming feature is particularly advantageous in applications like wastewater treatment. These pumps can start and continue to operate effectively even when there is air in the suction line, simplifying the pumping process in systems where maintaining a consistent flow is critical. Moreover, these pumps find extensive use in the food & beverage industry for tasks, such as pumping syrup or handling high-sugar content liquids. The pumps' ability to maintain a consistent flow is vital in ensuring the precise mixing of ingredients and the production of uniform products. Positive displacement pumps can be designed for high efficiency, contributing to energy savings, and reduced operational costs. This is particularly important in industries where pumps operate continuously, such as water treatment plants, where energy-efficient pumps can lead to substantial long-term savings. Moreover, the need for reliable and efficient fluid-handling solutions is further boosting market growth. Furthermore, growing industrialization in emerging markets, along with increased investments in sectors like oil & gas, chemical processing, and water treatment, is driving product demand. For instance, according to the International Energy Forum, the anticipated annual investment in upstream activities is projected to rise from USD 499 billion in 2022 to USD 640 billion in 2030 to secure ample energy supplies Go through the table of content of pumps Industry Data Book to get a better understanding of the Coverage & Scope of the study. Competitive Landscape Key players operating in the Pumps Industry are –
Global pumps sector database is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook report and summary presentations on individual areas of research.
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Electric off-highway equipment industry data book covers electric agriculture equipment, construction equipment, mining equipment market.
Grand View Research’s Electric Off-Highway Equipment Industry databook is a collection of market sizing information & forecasts, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, all such information is systematically analyzed and provided in the form of presentations and detailed outlook reports on individual areas of research. Electric Agriculture Equipment Market Insights Growing commercial farming coupled with a labour shortage is a major factor driving the market growth for electric agricultural equipment. The demand for increased crop yield and the hovering threat of food security is other factors supplementing the market growth for electric agricultural equipment in major agricultural economies. The integration of electric propulsion in agricultural mechanisms owing to increased crop yield, decreased production cost, reduction in post-harvest losses, and efficient time management are also favouring the market growth worldwide. The growing traction towards farm mechanization is supporting the uptake of electric technology. Electrical agricultural equipment like tractors, threshers, and other cultivation equipment can aid in numerous farming chores. In order to execute a number of crop production processes, mechanization entails the careful application of inputs by utilizing agricultural equipment, such as power-driven machinery and hand tool, which guarantees a decrease in the labour-intensive tasks associated with various farm activities and refocuses the use of inputs to maximize the potential of available resources. Construction Equipment Market Insights The electric construction equipment market is experiencing growth owing to stringent laws on noise and carbon emissions caused in closed construction and urban area. The increase in noise pollution in the cities has become a potential threat owing to ramping up construction projects. The noise pollution from the equipment, such as loaders, excavators, and motor graders, have prompted municipal corporation in European cities such as Copenhagen, Oslo, Stockholm, and Helsinki to launch initiatives to launch pilot projects for zero-emission construction sites. The city of Helsinki signed the green deal in 2020 to create zero-emission worksites, and the practice will be slowly applied to the whole town. The authorities said that as a result of the initiative, it has chosen to use minimal parameters for procuring all upcoming street infrastructure and outsourced infrastructure projects. By 2025, every city's construction sites are expected to be fossil fuel-free; by 2030, all emissions will be eliminated. Similarly, by 2040 London has also declared its intention to reduce emissions from construction sites to zero. The trend for fast-charging equipment, which has a longer operating duration and is powered by hydrogen fuel, solid-state battery, or lithium-ion battery, is gaining traction while supporting the market growth. Fast-charging batteries are known to withstand higher charging speeds prompting manufacturers to offer battery packs that can be swapped when the battery level is low. Order your copy of the Free Sample of Electric Off-Highway Equipment Industry Data Book, published by Grand View Research Mining Equipment Market Insights The mining industry has been dependent on diesel for its major operation, such as transportation vehicles, along with operating mining equipment for underground and surface mining. According to International Council on Mining and Metals (ICMM), diesel-powered engines emit 30 to 80 % of emissions in a mining site. With mining concentrated in hostile and harsh terrains with extreme temperatures, the emission emitted contributes to the higher temperature. Using diesel-powered equipment generates more pollutants while producing more noise and heat while incurring higher operational costs. These factors of conventional mining equipment are fueling the adoption of electric mining equipment in the mining industry. This offers many benefits, such as reduced noise due to the absence of engines and limited greenhouse gas emissions. Electric mining equipment help in reducing heat in underground mine by increasing ventilation and cooling in the underground mining environment. The ongoing urbanization and industrialization are fueling the demand for natural resources such as oil and minerals. As a result, the global mining industry is flourishing. This, in turn, is expected to boost the demand for electric mining equipment, thereby leading to the growth of the market for this equipment worldwide. Companies operating in the mining equipment market are enhancing their product portfolio by including electric equipment in the lineup to meet the demand for various types of electric mining equipment, such as mineral processing equipment, crushers, surface mining tools, screening equipment, and mining drills & breakers. A range of variants that are either rechargeable batteries, cable-tethered, or use overhead trolley lines make up the most electrified mining equipment. The latter are more common in open-pit mines where using big surface trucks is necessary. Electric Off-Highway Equipment Industry Data Book Competitive Landscape Companies are adopting several growth strategies, such as partnerships, mergers & acquisitions, and product launches, to stay afloat in the competitive industry. Key players operating in the electric off-highway equipment industry are – • Komatsu Ltd • Caterpillar Inc • MaterMacc S.p.A • AGCO Corp. • CLAAS KGaAmbH • Mahindra & Mahindra Ltd. • SDF S.p.A. • J C Bamford Excavators Ltd • AGCO Corp. • CNH Industrial N.V. • Deere & Company • CLAAS KGaAmbH • Escorts Ltd. • International Tractors Ltd. • YanmarCo., Ltd. • KubotaCorp. • Mahindra & Mahindra Ltd. • Tractors and Farm Equipment Ltd. • Caterpillar Inc MaterMacc S.p.A • MaterMacc S.p.A • AB Volvo • Caterpillar Inc • Liebherr Check out more Industry Data Books, published by Grand View Research About Grand View Research Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead. Contact: Sherry James Corporate Sales Specialist, USA Grand View Research, Inc. Phone: 1-415-349-0058 Toll Free: 1-888-202-9519 Email: [email protected] Web: https://www.grandviewresearch.com/sector-reports-list Follow Us: LinkedIn | Twitter The global physical security market is expected to reach USD 203.05 billion by 2030, growing at a CAGR of 6.1% according to a new study by Grand View Research, Inc. lack of physical security leads to higher rates of burglaries and thefts. Therefore, safeguarding the physical perimeter and individual assets, including expensive technological equipment, has gained importance and is driving the market growth. Increasing awareness about securing the perimeter in developing economies has led to a rise in deployment of IP-based cameras in residential societies as well as commercial complexes and offices. Furthermore, increasing terror threats, border disputes, and refugee crises drive the adoption of stringent safety measures, thereby driving the physical security market growth. For instance, in February 2022, Hangzhou Hikvision Digital Technology Co., Ltd, the world's prominent manufacturer of innovative video surveillance systems and solutions, introduced the TandemVu PTZ camera line, which combines PTZ and bullet camera capabilities into a single unit. These cameras can monitor broad regions and zoom in on individual security incidents while simultaneously maintaining attention on both viewpoints. Further, this camera would be deployed in commercial complexes and residential societies to reduce terror threats and adopt more physical security on the premises. Physical Security Market Segmentation Grand View Research has segmented the global physical security market report on the basis of component, organizational size, end-user and region: Based on the Component Insights, the market is segmented into Systems, Services.
Based on the Organization Size Insights, the market is segmented into SMEs, Large Enterprises.
Based on the End-user Insights, the market is segmented into Transportation, Government, Banking & Finance, Utility & Energy, Residential, Industrial, Retail, Commercial, Hospitality, Others.
Physical Security Regional Outlook
Key Companies Profile & Market Share Insights Market leaders focus on providing diverse solutions to cater to various applications to gain a higher market share. Companies also focus on strategic alliances, mergers, and acquisitions to enhance their product offerings and improve their market share. Some prominent players in the global physical security market include:
Order a free sample PDF of the Physical Security Market Intelligence Study, published by Grand View Research. About Grand View Research Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead. Interactive Whiteboard Industry Overview The global interactive whiteboard market size is estimated to reach USD 2.8 billion by 2027, growing at a CAGR of 7.6% from 2020 to 2027, according to a study conducted by Grand View Research, Inc. Surging need for standalone systems for collaborative meetings and digital learning methods is expected to boost the demand for interactive whiteboards across the globe. Rising popularity of digital learning and increasing technological advancements are also responsible for driving the demand market for interactive whiteboard over the forecast period. Interactive Whiteboard Market Segmentation Grand View Research has segmented the global interactive whiteboard market based on technology, form factor, projection technique, application, and region: Based on the Technology Insights, the market is segmented into Infrared, Resistive Membrane, Electromagnetic Pen, Capacitive, Others.
Based on the Form Factor Insights, the market is segmented into Fixed, Portable.
Based on the Projection Technique Insights, the market is segmented into Front Projection, Rear Projection.
Based on the Application Insights, the market is segmented into Education, Corporate, Commercial, Others.
Interactive Whiteboard Regional Outlook
Key Companies Profile & Market Share Insights The market players particularly focus on introducing new products in the market to enhance their product portfolio and to gain a competitive edge in the market. Some prominent players in the global interactive whiteboard market include
Order a free sample PDF of the Interactive Whiteboard Market Intelligence Study, published by Grand View Research. About Grand View Research Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead. Contact: Sherry James Corporate Sales Specialist, USA Grand View Research, Inc. Phone: 1-415-349-0058 Toll Free: 1-888-202-9519 Email: [email protected] Web: https://www.grandviewresearch.com Follow Us: LinkedIn | Twitter The global distributed fiber optic sensor market size is expected to reach USD 2,533.5 million by 2030, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 7.3% from 2022 to 2030. The distributed fiber optic sensors (DFOS) market is expected to grow exponentially over the forecast period globally. Factors such as significant demand from the civil engineering vertical and rising adoption in the oil & gas sector substantially boost the adoption of distributed fiber optic sensors. Fiber optics can withstand rough handling, such as in pipes, streams, and reactors, where manual inspection is not feasible. Furthermore, they help in structural health monitoring at dangerous workplaces and can also be used for border security purposes to prevent intrusion. Thus, its capability to work in a challenging environment is another factor propelling the market growth. Distributed Fiber Optic Sensor Market Segmentation For the purpose of this report, Grand View Research has segmented the distributed fiber optic sensor market based on application, technology, vertical, and region: Based on the Application Insights, the market is segmented into Temperature Sensing, Acoustic/Vibration Sensing, Other.
Based on the Technology Insights, the market is segmented into Rayleigh Effect, Brillouin Scattering, Raman Effect, Interferometric, Bragg Grating.
Based on the Vertical Insights, the market is segmented into Oil and Gas, Power and Utility, Safety and Security, Industrial, Civil Engineering.
Distributed Fiber Optic Sensor Regional Outlook
Key Companies Profile & Market Share Insights Rising R&D activities and increasing investments made by service providers to accelerate innovation and provide better service offerings offer an impetus to market growth. This has helped users engage in data-driven decision-making and closely administer machine systems to mitigate potential risks. Some prominent players in the global distributed fiber optic sensor market include
Order a free sample PDF of the Distributed Fiber Optic Sensor Market Intelligence Study, published by Grand View Research. About Grand View Research Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead. Volatile Organic Compound Gas Sensor Industry Overview The global volatile organic compound gas sensor market size is anticipated to reach USD 186.7 million by 2025, registering a CAGR of 4.0% from 2019 to 2025, according to a new study conducted by Grand View Research, Inc. The detection of volatile organic compound (VOC) gases in the air has received considerable attention and is becoming increasingly important in the development of leak detection devices. This factor is anticipated to drive the market growth. Volatile Organic Compound Gas Sensor Market Segmentation Grand View Research has segmented the global volatile organic compound gas sensors market on the basis of type, technology, application, and region: Based on the Type Insights, the market is segmented into Single Gas Detection Sensor, Multiple Gas Detection Sensor.
Based on the Technology Insights, the market is segmented into Photo-Ionization Detector (PID), Infrared-based Detection, Metal-oxide Semiconductor, Others.
Based on the Application Insights, the market is segmented into Oil & Gas, Agriculture, Automotive, Chemical Industry, Manufacturing, Food & Beverages, Metals & Mining, Others.
Volatile Organic Compound Gas Sensor Regional Outlook
Key Companies Profile & Market Share Insights The majority of the players are manufacturing IR based VOC sensor above 1.8 microns as most gases such as butane, methylene chloride, propane, acetone, and combustible gases are absorbed in a wavelength ranging from 2.0 microns to 4.0 microns. Some prominent players in the global volatile organic compound gas sensor market include
Order a free sample PDF of the Volatile Organic Compound Gas Sensor Market Intelligence Study, published by Grand View Research. Automated Test Equipment Industry Overview The global automated test equipment market size is expected to reach USD 8.94 billion by 2028, according to a new study by Grand View Research, Inc. It is expected to expand at a CAGR of 3.3% from 2021 to 2028. Increasing adoption of System on Chip (SoC) coupled with high demand for consumer electronics is anticipated to drive the growth. Growing electronic content in automotive sector and penetration of smartphones is expected to drive the market. Furthermore, the demand for Automated Test Equipment (ATE) in manufacturing industry as the test equipment save the manufacturing cost and helps in eliminating the defective devices is projected to continue fueling the market. Automated Test Equipment Market Segmentation Grand View Research has segmented the global automated test equipment market on the basis of product, vertical, and region: Based on the Product Insights, the market is segmented into non-memory ate, memory ate, discrete ate.
Based on the Vertical Insights, the market is segmented into automotive, consumer, aerospace & defense, it & telecommunications, others.
Automated Test Equipment Regional Outlook
Key Companies Profile & Market Share Insights The ATE market is consolidated, wherein the top players accounted for the majority of the market share in 2020. The companies such as Teradyne Inc. and Advantest Co., Inc. are identified as the prominent ATE providers. Some prominent players in the global automated test equipment market include:
Order a free sample PDF of the Automated Test Equipment Market Intelligence Study, published by Grand View Research. About Grand View Research Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead. Perimeter Security Industry Overview The global perimeter security market size is expected to reach USD 132.4 billion by 2030, registering a CAGR of 9.4% over the forecast period, according to a new report by Grand View Research, Inc. The increasing insecurities among civilians and the rising illegal activities, such as planned crimes, thefts, smuggling, and human trafficking, have led to a rise in the adoption of perimeter security systems. Technological proliferation has led to the growth of smart cities and smart infrastructure. Owing to this, the implementation of security systems at commercial complexes, entertainment hubs, and public sites is on the rise. The integration of security systems with the internet and the latest mobile devices has made surveillance easier. The latest technology has also led to the introduction of infrared, microwave, radar, and seismic sensors. Perimeter Security Market Segmentation Grand View Research has segmented the global perimeter security market report on the basis of system, service, end-use, and region: Based on the System Insights, the market is segmented into access control systems, alarms & notification systems, intrusion detection systems, video surveillance systems, barrier systems active barriers and others
Based on the Service Insights, the market is segmented into system integration & consulting, risk assessment & analysis, managed services and maintenance & support
Based on the End-use Insights, the market is segmented into government, military & defense, transportation, commercial, industrial and others
Perimeter Security Regional Outlook
Key Companies Profile & Market Share Insights Key players are focusing on increasing their customer base to gain a competitive edge in the market and these players are adopting various strategic initiatives, such as mergers & acquisitions, partnerships, integrating with other firms for particular technologies, and new product development. Some of the prominent players in the global perimeter security market include:
Market Industry Development
Order a free sample PDF of the Perimeter Security Market Intelligence Study, published by Grand View Research. About Grand View Research Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead. Wires And Cables Industry Overview The global wires and cables market size is expected to reach USD 260.16 billion by 2028, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 4.4% from 2021 to 2028. Wires and cables are one of the essential components of infrastructure development across the world. The growing emphasis on investments and government initiatives to generate power from renewable sources has enforced the adoption of wires and cables across the globe. Increasing funds in the upgradation of infrastructure and the demand for refined power transmission and distribution systems are the key factors driving the market over the forecast period. Wires And Cables Market Segmentation Grand View Research has segmented the global wires and cables market report by voltage, installation, end-use, and region: Based on the Voltage Insights, the market is segmented into low voltage, medium voltage, high voltage and extra high voltage
Based on the Installation Insights, the market is segmented into overhead and underground
Based on the End-use Insights, the market is segmented into aerospace & defense, building & construction, oil & gas, energy & power, IT & telecommunication and others
Wires And Cables Regional Outlook
Key Companies Profile & Market Share Insights The market is highly competitive and concentrated, with the top three companies accounting for the majority revenue share in 2020. Belden Inc.; Nexans; and Fujikura Ltd. are some of the dominant market players. The vendors in the market focus on expanding their customer base to obtain a competitive edge. Therefore, key companies take various strategic initiatives, including partnerships, mergers & acquisitions, collaborations, and new product/technology development. Some of the prominent players operating in the wires and cables market include:
Market Industry Development
Order a free sample PDF of the Wires And Cables Market Intelligence Study, published by Grand View Research. LED Lighting Industry Overview The global LED lighting market size was valued at USD 55.5 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 10.5% from 2022 to 2030. Increasing construction activities in developed and developing countries, along with stringent government regulations to lower the adoption of inefficient lighting technologies, are the major factors expected to drive the market. LED lights offer high lumen power by consuming less power, better service life, and no flickering. Also, LED manufacturers are focused on integrating solutions such as Wi-Fi, occupancy sensor, and daylighting which is attracting consumers in turn responsible to increase product sales. These factors are contributing to the market growth. LED lights tend to be a better solution compared to other lights such as halogen, CFL, and incandescent lights. LEDs operate at low energy input providing high illumines which is a major reason they are widely deployed in outdoor and indoor settings. Gather more insights about the market drivers, restrains and growth of the Global LED Lighting Market LEDs provide manufacturers the design flexibility, along with the ability to withstand frequent switching. Rising awareness among consumers related to the benefits of LED lights, along with consumers' shift towards green lighting is expected to spur the demand for LED products. International Electrotechnical Commission, American National Standards Institute, and China Compulsory Certification are some major regulatory bodies that regulate product certification. Manufactures after obtaining relevant certifications to sell, import, export, and use the product in business and services. The governments of developed and developing countries are focused on lowering the high energy consumption, they are imposing various regulations related to quality which helps them ensure consumer safety, energy consumption, and monitor environmental issues. LED lights are energy-saving solutions that consume less energy and deliver 50,000 hours of illumination. Thus, strict government regulations related to the use of high energy-consuming lighting are anticipated to favor the market growth. Initially, halogen lights were used in overhead surgical lighting creating distress for doctors during surgery or examination. Also, the examination room and minor surgical lights consisted of 50 to 100 W halogen bulbs which resulted in high energy consumption and high heat emission. Thus, rapid technological advancements in the medical devices industry to replace the outdated or inefficient devices/equipment and manufacturer approach towards integrating LEDs in surgical lighting, exam lights, phototherapy, and endoscopy to enhance the patient treatment experience are factors expected to boost the target market growth. In 2020, the COVID-19 pandemic negatively impacted the global market. Strict lockdowns and temporary suspensions of construction sites resulted in a decline in demand for LED lighting. However, in the second quarter of 2021, construction activities witnessed growth with the introduction of new as well as redesigning projects, thus leading to the gradual recovery of the LED lighting market. Browse through Grand View Research's Electronic Devices Industry Research Reports.
LED Lighting Market Segmentation Grand View Research has segmented the global LED lighting market on the basis of product, application, end use, and region: LED Lighting Product Outlook (Revenue, USD Billion, 2018 - 2030)
Market Share Insights
Key Companies profiled: Some prominent players in the global LED lighting market include
Order a free sample PDF of the LED Lighting Market Intelligence Study, published by Grand View Research. About Grand View Research Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead. |
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