The Business Research Company’s LED (Light-Emitting Diode) Neon Lights Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The LED (Light-Emitting Diode) Neon Lights Global Market Report 2023 evaluates led (light-emitting diode) neon lights market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global LED (light-emitting diode) neon lights market is expected to grow from $1.16 billion in 2022 to $1.25 billion in 2023 at a compound annual growth rate (CAGR) of 7.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The LED (light-emitting diode) neon lights market is expected to reach $1.62 billion in 2027 at a CAGR of 6.8%.
Growing commercial and non-commercial buildings are expected to propel the growth of the LED neon lights market going forward. A commercial building refers to any non-residential structure that is not agricultural, industrial, or institutional. A non-commercial building is any structure or building not used for a commercial enterprise or as a residential residence. LED neon lights offers a clever approach to create a brighter and more even illumination. For instance, in September 2022, according to the University of Michigan’s Center for Sustainable Systems, a US-based organization that develops systems analysis techniques, models, and indicators for developing sustainable futures, in the US commercial building floor space is anticipated to expand by 35% from 2021 and expected to reach 124.6 billion square feet by 2050. In addition, the average size of US homes expanded by 45% in 2021, from 2,185 to 2,565 square feet. Therefore, growing commercial and non-commercial buildings are driving the growth of the LED neon lights market.
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The led (light-emitting diode) neon lights market segments in the report are:
1) By Type: Silicone, PVC (Polyvinyl Chloride), Other Types
2) By Application: Household, Commercial
3) By Sales Channel: Retail Or Wholesale, Direct Sales, E-Commerce
The table of contents in TBRC’s led (light-emitting diode) neon lights market report includes:
1. Executive Summary
2. LED (Light-Emitting Diode) Neon Lights Market Characteristics
3. LED (Light-Emitting Diode) Neon Lights Market Trends And Strategies
4. LED (Light-Emitting Diode) Neon Lights Market – Macro Economic Scenario
5. LED (Light-Emitting Diode) Neon Lights Market Segmentation
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26. South America LED (Light-Emitting Diode) Neon Lights Market
27. Brazil LED (Light-Emitting Diode) Neon Lights Market
28. Middle East LED (Light-Emitting Diode) Neon Lights Market
29. Africa LED (Light-Emitting Diode) Neon Lights Market
30. LED (Light-Emitting Diode) Neon Lights Market Competitive Landscape And Company Profiles
Top Major Players:
- Eaton Corporation
- OSRAM Licht AG
- Everlight Electronics Co. Ltd
- Sylvania Lighting
- Lightstec Co. Ltd
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