The LED (Light-Emitting Diode) Neon Lights Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s LED (Light-Emitting Diode) Neon Lights Global Market Report 2024, The led (light-emitting diode) neon lights market size has grown strongly in recent years. It will grow from $1.25 billion in 2023 to $1.34 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to energy efficiency drive, environmental awareness, customization and design flexibility, cost-effectiveness.
The led (light-emitting diode) neon lights market size is expected to see strong growth in the next few years. It will grow to $1.74 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to increasing demand in various industries, urbanization and infrastructure development, rising popularity in home décor, e-commerce growth. Major trends in the forecast period include technological innovations, smart led neon lights, sustainable materials and manufacturing, artistic and custom designs, interactive and dynamic lighting.
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 covered in this report is segmented –
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
Top Major Players
Eaton Corporation
OSRAM Licht AG
Everlight Electronics Co. Ltd.
Sylvania Lighting
Lightstec Co. Ltd
Product innovation is the key trend gaining popularity in the LED (light-emitting diode) neon lights market. Major companies operating in the LED neon lights market are focusing on developing new products to sustain their position in the market. For instance, in February 2022, Environmental Lights, a US-based provider of LED lighting solutions, launched Pixel EcoFlex 4-in-1 LED Neon. The unique feature of this product is its ability to let consumers combine RGB (red, green, and blue) with 3000K white, 6500K white, or amber in a vertical bending or horizontal bending profile. The light can be wrapped around three-dimensional structures using the vertical bending version’s ability to bend up and down. Each pixel can be independently controlled with the Pixel EcoFlex 4-in-1 LED Neon.
The led (light-emitting diode) neon lights market report table of contents 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. Global LED (Light-Emitting Diode) Neon Lights Market Size and Growth
……………………..
32. Global LED (Light-Emitting Diode) Neon Lights Market Competitive Benchmarking
33. Global LED (Light-Emitting Diode) Neon Lights Market Competitive Dashboard
34. Key Mergers And Acquisitions In The LED (Light-Emitting Diode) Neon Lights Market
35. LED (Light-Emitting Diode) Neon Lights Market Future Outlook and Potential Analysis
36. Appendix
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