Summary

A LED panel light is a modern lighting fixture that utilizes Light Emitting Diodes (LEDs) as its primary source of illumination. It is characterized by its flat and thin design and is engineered to provide uniform and glare-free lighting in various settings, such as residential, commercial, and industrial spaces. LED panel lights consist of an array of LED chips encased in a frame or housing, emitting soft and diffused light suitable for general, task, and decorative lighting purposes. LED panel light is a type of lighting fixture that is highly energy efficient and cost-effective, long- lasting, gives uniform light output, and requires less maintenance. Owing to these advantages, it is rapidly replacing conventional fluorescent ceiling lights and is considered one of the best lighting alternatives for indoor settings. Due to good structural design for heat dissipation and light emitting on sides, LED panel lights can disperse heat quickly which helps to extend their life span. Nowadays, the demand for these lights is high across the globe as they are available in various shapes, sizes and designs that are suitable for offices and conference rooms, hotels and restaurants, showrooms and malls, hospitals and laboratories, and educational institutes.

The growth of the global LED panel light market is driven by Increase in demand for smart lightning and control system. This demand is fueled by the increasing demand of more energy efficient, customizable lighting solution. LED lights are often a better option when compared to alternative lighting options like incandescent, CFL and halogen lights, as they can operate with little energy input while delivering strong illumination. LEDs are extensively utilized in both indoor and outdoor situations. LEDs allow designers versatility in their designs and the durability to withstand frequent switching. The market is expected to expand as consumers become more aware of their benefits. However, LED panel lamps tend to have higher upfront costs compared to traditional lighting technologies like incandescent bulbs or fluorescent lamps. Although they provide long-term cost savings, the initial investment can turn off price-loving consumers and businesses. For cost-conscious consumers and entrepreneurs, the high initial cost of LED panel lights can be a financial challenge. They may not want to invest in these lights, especially when cheaper alternatives, although they use less energy, can be found. Where competition is fierce, manufacturers may engage in price wars, further eroding profit margins. This competitive pricing pressure can affect the quality and quantity of LED panel lights.

The main objective of the LED panel lighting market is to provide low energy and high-quality lighting solutions for various applications. The LED panel lights are designed to be energy efficient. Their primary purpose is to reduce electricity consumption compared to traditional lighting technologies such as incandescent bulbs and fluorescent lamps. This efficiency helps consumers and businesses reduce energy costs and reduce environmental impact. LED panel lights play a significant role in promoting environmental responsibility. Their energy efficiency, reduced carbon footprint aligns with sustainability goals, making them a responsible choice for consumers and environmentally conscious businesses. To summarize, the main objective of the LED panel lighting market is to provide lighting solutions with versatile technological advancements that meet the needs and requirements of today’s consumers and businesses LED panel has been developed lamps in order to provide energy savings, high luminance, customization and durability, making it desirable for a variety of luminaires.

The LED panel light is segmented based on type, sales channel, voltage, application, and region. By type, the market is divided into recessed LED, surface mounted LED. By sales channel, the market is bifurcated into online and offline. By voltage, the market is classified into below 10V, 10-20V, more than 20V. By application, the market is categorized into commercial/industrial and residential.
By region, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, Russia, and the rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
Competitive analysis and profiles of the major LED panel light market players, such as Signify Holding, Seoul Semiconductor Co., Ltd, ACUITY BRANDS, INC., Panasonic Corporation, GE Lighting, LUMIRON INC, Siteco GmbH, Elstar, NICHIA CORPORATION and OsLEDer Lighting Technology Co., Ltd are provided in this report. Product launch and acquisition business strategies were adopted by the major market players in 2022.

Key Benefits For Stakeholders
●This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the led panel light market analysis from 2022 to 2032 to identify the prevailing led panel light market opportunities.
●The market research is offered along with information related to key drivers, restraints, and opportunities.
●Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
●In-depth analysis of the led panel light market segmentation assists to determine the prevailing market opportunities.
●Major countries in each region are mapped according to their revenue contribution to the global market.
●Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
●The report includes the analysis of the regional as well as global led panel light market trends, key players, market segments, application areas, and market growth strategies.

Additional benefits you will get with this purchase are:
● Quarterly Update and* (only available with a corporate license, on listed price)
● 5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
● Free Upcoming Version on the Purchase of Five and Enterprise User License.
● 16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting to 16 analyst hours to solve questions, and post-sale queries)
● 15% Free Customization* (in case the scope or segment of the report does not match your requirements, 15% is equivalent to 3 working days of free work, applicable once)
● Free data Pack on the Five and Enterprise User License. (Excel version of the report)
● Free Updated report if the report is 6-12 months old or older.
● 24-hour priority response*
● Free Industry updates and white papers.

Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)
● Product Life Cycles
● Market share analysis of players by products/segments
● Additional company profiles with specific to client's interest
● Additional country or region analysis- market size and forecast
● Key player details (including location, contact details, supplier/vendor network etc. in excel format)
● Market share analysis of players at global/region/country level
Key Market Segments
By Type
● Recessed LED
● Surface Mounted LED
By Sales Channel
● Online
● Offline
By Voltage
● Below 10V
● 10V-15V
● More than 20V
By Application
● Commercial/Industrial
● Residential
By Region
● North America
○ U.S.
○ Canada
○ Mexico
● Europe
○ Germany
○ France
○ UK
○ Russia
○ Rest of Europe
● Asia-Pacific
○ China
○ Japan
○ India
○ South Korea
○ Rest of Asia-Pacific
● LAMEA
○ Latin America
○ Middle East
○ Africa
● Key Market Players
○ Signify Holding
○ ACUITY BRANDS, INC.
○ Panasonic Corporation
○ LUMIRON INC
○ Siteco GmbH
○ Elstar
○ Osleder Lighting Technology Co., Ltd
○ Seoul Semiconductor Co., Ltd
○ GE Lighting
○ NICHIA CORPORATION

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Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.3. Porter’s five forces analysis
3.3.1. Moderate to high bargaining power of suppliers
3.3.2. Low to moderate threat of new entrants
3.3.3. Moderate threat of substitutes
3.3.4. Low to high intensity of rivalry
3.3.5. Moderate bargaining power of buyers
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Rise in demand for energy-efficient lighting
3.4.1.2. Cost-effective, and long-lasting lighting solutions
3.4.1.3. Increase in demand for smart lightning and control system
3.4.2. Restraints
3.4.2.1. Complex Installation
3.4.3. Opportunities
3.4.3.1. Rapid urbanization and infrastructure development
3.4.3.2. Integration of IOT
3.4.3.3. Surge in demand for human centric light
CHAPTER 4: LED PANEL LIGHT MARKET, BY TYPE
4.1. Overview
4.1.1. Market size and forecast
4.2. Recessed LED
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market share analysis by country
4.3. Surface Mounted LED
4.3.1. Key market trends, growth factors and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market share analysis by country
CHAPTER 5: LED PANEL LIGHT MARKET, BY SALES CHANNEL
5.1. Overview
5.1.1. Market size and forecast
5.2. Online
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market share analysis by country
5.3. Offline
5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market share analysis by country
CHAPTER 6: LED PANEL LIGHT MARKET, BY VOLTAGE
6.1. Overview
6.1.1. Market size and forecast
6.2. Below 10V
6.2.1. Key market trends, growth factors and opportunities
6.2.2. Market size and forecast, by region
6.2.3. Market share analysis by country
6.3. 10V-15V
6.3.1. Key market trends, growth factors and opportunities
6.3.2. Market size and forecast, by region
6.3.3. Market share analysis by country
6.4. More than 20V
6.4.1. Key market trends, growth factors and opportunities
6.4.2. Market size and forecast, by region
6.4.3. Market share analysis by country
CHAPTER 7: LED PANEL LIGHT MARKET, BY APPLICATION
7.1. Overview
7.1.1. Market size and forecast
7.2. Commercial/Industrial
7.2.1. Key market trends, growth factors and opportunities
7.2.2. Market size and forecast, by region
7.2.3. Market share analysis by country
7.3. Residential
7.3.1. Key market trends, growth factors and opportunities
7.3.2. Market size and forecast, by region
7.3.3. Market share analysis by country
CHAPTER 8: LED PANEL LIGHT MARKET, BY REGION
8.1. Overview
8.1.1. Market size and forecast By Region
8.2. North America
8.2.1. Key market trends, growth factors and opportunities
8.2.2. Market size and forecast, by Type
8.2.3. Market size and forecast, by Sales Channel
8.2.4. Market size and forecast, by Voltage
8.2.5. Market size and forecast, by Application
8.2.6. Market size and forecast, by country
8.2.6.1. U.S.
8.2.6.1.1. Market size and forecast, by Type
8.2.6.1.2. Market size and forecast, by Sales Channel
8.2.6.1.3. Market size and forecast, by Voltage
8.2.6.1.4. Market size and forecast, by Application
8.2.6.2. Canada
8.2.6.2.1. Market size and forecast, by Type
8.2.6.2.2. Market size and forecast, by Sales Channel
8.2.6.2.3. Market size and forecast, by Voltage
8.2.6.2.4. Market size and forecast, by Application
8.2.6.3. Mexico
8.2.6.3.1. Market size and forecast, by Type
8.2.6.3.2. Market size and forecast, by Sales Channel
8.2.6.3.3. Market size and forecast, by Voltage
8.2.6.3.4. Market size and forecast, by Application
8.3. Europe
8.3.1. Key market trends, growth factors and opportunities
8.3.2. Market size and forecast, by Type
8.3.3. Market size and forecast, by Sales Channel
8.3.4. Market size and forecast, by Voltage
8.3.5. Market size and forecast, by Application
8.3.6. Market size and forecast, by country
8.3.6.1. Germany
8.3.6.1.1. Market size and forecast, by Type
8.3.6.1.2. Market size and forecast, by Sales Channel
8.3.6.1.3. Market size and forecast, by Voltage
8.3.6.1.4. Market size and forecast, by Application
8.3.6.2. France
8.3.6.2.1. Market size and forecast, by Type
8.3.6.2.2. Market size and forecast, by Sales Channel
8.3.6.2.3. Market size and forecast, by Voltage
8.3.6.2.4. Market size and forecast, by Application
8.3.6.3. UK
8.3.6.3.1. Market size and forecast, by Type
8.3.6.3.2. Market size and forecast, by Sales Channel
8.3.6.3.3. Market size and forecast, by Voltage
8.3.6.3.4. Market size and forecast, by Application
8.3.6.4. Russia
8.3.6.4.1. Market size and forecast, by Type
8.3.6.4.2. Market size and forecast, by Sales Channel
8.3.6.4.3. Market size and forecast, by Voltage
8.3.6.4.4. Market size and forecast, by Application
8.3.6.5. Rest of Europe
8.3.6.5.1. Market size and forecast, by Type
8.3.6.5.2. Market size and forecast, by Sales Channel
8.3.6.5.3. Market size and forecast, by Voltage
8.3.6.5.4. Market size and forecast, by Application
8.4. Asia-Pacific
8.4.1. Key market trends, growth factors and opportunities
8.4.2. Market size and forecast, by Type
8.4.3. Market size and forecast, by Sales Channel
8.4.4. Market size and forecast, by Voltage
8.4.5. Market size and forecast, by Application
8.4.6. Market size and forecast, by country
8.4.6.1. China
8.4.6.1.1. Market size and forecast, by Type
8.4.6.1.2. Market size and forecast, by Sales Channel
8.4.6.1.3. Market size and forecast, by Voltage
8.4.6.1.4. Market size and forecast, by Application
8.4.6.2. Japan
8.4.6.2.1. Market size and forecast, by Type
8.4.6.2.2. Market size and forecast, by Sales Channel
8.4.6.2.3. Market size and forecast, by Voltage
8.4.6.2.4. Market size and forecast, by Application
8.4.6.3. India
8.4.6.3.1. Market size and forecast, by Type
8.4.6.3.2. Market size and forecast, by Sales Channel
8.4.6.3.3. Market size and forecast, by Voltage
8.4.6.3.4. Market size and forecast, by Application
8.4.6.4. South Korea
8.4.6.4.1. Market size and forecast, by Type
8.4.6.4.2. Market size and forecast, by Sales Channel
8.4.6.4.3. Market size and forecast, by Voltage
8.4.6.4.4. Market size and forecast, by Application
8.4.6.5. Rest of Asia-Pacific
8.4.6.5.1. Market size and forecast, by Type
8.4.6.5.2. Market size and forecast, by Sales Channel
8.4.6.5.3. Market size and forecast, by Voltage
8.4.6.5.4. Market size and forecast, by Application
8.5. LAMEA
8.5.1. Key market trends, growth factors and opportunities
8.5.2. Market size and forecast, by Type
8.5.3. Market size and forecast, by Sales Channel
8.5.4. Market size and forecast, by Voltage
8.5.5. Market size and forecast, by Application
8.5.6. Market size and forecast, by country
8.5.6.1. Latin America
8.5.6.1.1. Market size and forecast, by Type
8.5.6.1.2. Market size and forecast, by Sales Channel
8.5.6.1.3. Market size and forecast, by Voltage
8.5.6.1.4. Market size and forecast, by Application
8.5.6.2. Middle East
8.5.6.2.1. Market size and forecast, by Type
8.5.6.2.2. Market size and forecast, by Sales Channel
8.5.6.2.3. Market size and forecast, by Voltage
8.5.6.2.4. Market size and forecast, by Application
8.5.6.3. Africa
8.5.6.3.1. Market size and forecast, by Type
8.5.6.3.2. Market size and forecast, by Sales Channel
8.5.6.3.3. Market size and forecast, by Voltage
8.5.6.3.4. Market size and forecast, by Application
CHAPTER 9: COMPETITIVE LANDSCAPE
9.1. Introduction
9.2. Top winning strategies
9.3. Product mapping of top 10 player
9.4. Competitive dashboard
9.5. Competitive heatmap
9.6. Top player positioning, 2022
CHAPTER 10: COMPANY PROFILES
10.1. Signify Holding
10.1.1. Company overview
10.1.2. Key executives
10.1.3. Company snapshot
10.1.4. Operating business segments
10.1.5. Product portfolio
10.1.6. Business performance
10.1.7. Key strategic moves and developments
10.2. Seoul Semiconductor Co., Ltd
10.2.1. Company overview
10.2.2. Key executives
10.2.3. Company snapshot
10.2.4. Operating business segments
10.2.5. Product portfolio
10.2.6. Business performance
10.3. Osleder Lighting Technology Co., Ltd
10.3.1. Company overview
10.3.2. Key executives
10.3.3. Company snapshot
10.3.4. Operating business segments
10.3.5. Product portfolio
10.4. ACUITY BRANDS, INC.
10.4.1. Company overview
10.4.2. Key executives
10.4.3. Company snapshot
10.4.4. Operating business segments
10.4.5. Product portfolio
10.4.6. Business performance
10.5. Panasonic Corporation
10.5.1. Company overview
10.5.2. Key executives
10.5.3. Company snapshot
10.5.4. Operating business segments
10.5.5. Product portfolio
10.5.6. Business performance
10.6. GE Lighting
10.6.1. Company overview
10.6.2. Key executives
10.6.3. Company snapshot
10.6.4. Operating business segments
10.6.5. Product portfolio
10.6.6. Key strategic moves and developments
10.7. Elstar
10.7.1. Company overview
10.7.2. Key executives
10.7.3. Company snapshot
10.7.4. Operating business segments
10.7.5. Product portfolio
10.8. LUMIRON INC
10.8.1. Company overview
10.8.2. Key executives
10.8.3. Company snapshot
10.8.4. Operating business segments
10.8.5. Product portfolio
10.9. Siteco GmbH
10.9.1. Company overview
10.9.2. Key executives
10.9.3. Company snapshot
10.9.4. Operating business segments
10.9.5. Product portfolio
10.10. NICHIA CORPORATION
10.10.1. Company overview
10.10.2. Key executives
10.10.3. Company snapshot
10.10.4. Operating business segments
10.10.5. Product portfolio
10.10.6. Key strategic moves and developments