The global demand for LED Filament Bulb Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028.
An LED filament light bulb produces light that shapes like the filament of an incandescent light bulb. The bulb is provided with electric current by feed-through terminals or wires embedded in the glass. It was first introduced by Ushio lighting in 2001 to mimic the standard Edison light bulb & appearance. It is utilized in hotel & restaurant lighting, residential lighting, retail lighting, and accent lighting.
LED Filament Bulb has gained robust popularity in recent years for application, including art lamps, decorative lighting, classical luminaires, and chandeliers. These lights are trending worldwide and installed at various locations to enhance the look. The rising disposable incomes in developing regions and growth in demographics such as smaller household sizes and the establishment of restaurants and business spaces are driving the growth of the global LED filament bulb market. Manufacturing companies emphasize LED filament bulbs to adhere to LED chips onto a transparent substrate to emit a better light shape and improve luminous efficacy. However, the lack of knowledge about the technical parameters of filament LED bulbs & price may hinder the market growth during the timeframe.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of LED Filament Bulb.
The entire LED Filament Bulb market has been sub-categorized into type and application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- 25-Watt Type
- 40-Watt Type
- 60-Watt Type
- Restaurants & Cafes
This section covers regional segmentation which accentuates on current and future demand for LED Filament Bulb market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global LED Filament Bulb Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the LED Filament Bulb market include Brighttech Ambience, Factorylux, GE, Megaman, Osram, Philips, Sylvania, UKLED, Verbatim, Seoul Semiconductor. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.