LAMEA LED Light Engine Market By Product Type (Luminaire and Lamp), By Installation Type (New Installation and Retrofit Installation), By Application (Indoor and Outdoor), By End User (Commercial, Industrial and Residential), By Country, Growth Potential, COVID-19 Impact Analysis Report and Forecast, 2021 - 2027
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Market Report Description
The Latin America, Middle East and Africa LED Light Engine Market would witness market growth of 16.3% CAGR during the forecast period (2021-2027).
The combination of one or more LED modules and an LED driver is known as an LED light engine. Some LLEs come with a built-in driver, while others are made up of one or more LED modules and a separate driver. As a result, the LED Light Engine is a device that connects LED fixtures to LED luminaries. In other words, construct an Alu PCB with a led module and a constant current driver printed on it.
These LED light engines offer a wide range of benefits, which makes them suitable for a wide range of applications. LED light engines are similar to the traditional lamp; however, it includes a LED chip embedded on a circuit board, which has mechanical and electric fixings that is apt for the fixing in the luminaire. In addition, these LED chips do not only have one chip but it contains an array of 9 or 16 LED chips, which together generate more light.
The increasing disposable income of the consumers across this region is motivating them to spend more on the décor of their homes, which further motivates them to use different types of lighting materials in their homes, which would spur the demand for the LED light engine in the regional market. In addition, the small size and greater efficiency of these products make them suitable for their further usage in various products.
Moreover, the increasing government initiatives across various developing nations in the region would create lucrative opportunities for the key players to expand their market in this region. In addition, rising awareness among the population to adopt energy-efficient lighting products would further augment the growth of the regional LED light engine market.
The Brazil market dominated the LAMEA Industrial LED Light Engine Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $594.7 million by 2027. The Argentina market would witness a CAGR of 17% during (2021 - 2027). Additionally, The UAE market is exhibiting a CAGR of 16.2% during (2021 - 2027).
Based on Product Type, the market is segmented into Luminaire and Lamp. Based on Installation Type, the market is segmented into New Installation and Retrofit Installation. Based on Application, the market is segmented into Indoor and Outdoor. Based on End User, the market is segmented into Commercial, Industrial and Residential. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global LED Light Engine Market is Predict to reach $66.6 Billion by 2027, at a CAGR of 13.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Signify N.V., OSRAM GmbH (AMS AG), LEDRAbrands, Inc., Hubbell Incorporated, Zumtobel Group AG, Samsung Electronics Co., Ltd. (Samsung Group), Acuity Brands Lighting, Inc., Lumitech LLC, Lutron Electronics Co., Inc., and Glamox AS
Scope of the Study
Market Segments Covered in the Report:
By Product Type
By Installation Type
- New Installation
- Retrofit Installation
By End User
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Signify N.V.
- OSRAM GmbH (AMS AG)
- LEDRAbrands, Inc.
- Hubbell Incorporated
- Zumtobel Group AG
- Samsung Electronics Co., Ltd. (Samsung Group)
- Acuity Brands Lighting, Inc.
- Lumitech LLC
- Lutron Electronics Co., Inc.
- Glamox AS
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