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According to the latest report by IMARC Group,the global LED tube light market exhibited robust growth during 2015-2020.A light-emitting diode (LED) tube light is a type of energy-efficient and affordable lighting system. As a result, it is rapidly replacing its traditional counterparts, such as fluorescent tube lights used in residential and commercial buildings. <br>
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Global LED Tube Light Market Research Report and Forecast 2021-2026 Author: Elena Anderson, Marketing Manager | Copyright © IMARC Service Pvt Ltd. All Rights Reserved IMARC Group © 2019 IMARC All Rights Reserved
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Report Description and Highlights Report Description Global LED Tube Light Market Outlook 2026: According to the latest report by IMARC Group, titled “LED Tube Light Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global LED tube light market exhibited robust growth during 2015-2020. A light-emitting diode (LED) tube light is a type of energy-efficient and affordable lighting system. As a result, it is rapidly replacing its traditional counterparts, such as fluorescent tube lights used in residential and commercial buildings. While fluorescent tube lights tend to burn out faster when integrated with occupancy sensors and other controls; LED tube lights work perfectly well with control systems. In recent years, LED tube lights have gained traction on account of their longer life span ranging from 50,000 to 100,000 hours, which helps in minimizing the need to re-lamp frequently. Request for a free sample: https://www.imarcgroup.com/led-tube-light-manufacturing- plant/requestsample
Report Description and Highlights Report Description Global LED Tube Light Market Trends: The shifting consumer preferences from compact fluorescent lights (CFLs) toward LED tube lights due to the inflating electricity prices represent the primary factor driving the global market. Additionally, the launch of several government policies and awareness campaigns for energy conservation and environmental protection is promoting the adoption of LED tube lights. Besides this, several leading manufacturers are also introducing advanced product variants and heavily investing in marketing these products, thus contributing to the market growth. Besides this, since LED tube lights offer enhanced controls, better ambiance lighting and reduced maintenance costs, their demand is escalating from the corporate sector. Furthermore, these lights are widely utilized in general lighting, mobile devices, automobiles, street lighting, signal and signage and healthcare, thereby propelling the market growth. Looking forward, IMARC Group expects the market to grow at a CAGR of 13% during 2021-2026.
Report Description and Highlights Report Description Market Summary: Breakup by Tube Type: • T5 • T8 • T12 Breakup by Application: • Residential • Office • Industrial • Hospitality Breakup by Region: • North America • Asia Pacific • Europe • Middle East and Africa • Latin America
Report Description and Highlights Report Description Competitive Landscape With Key players: • Acuity Brands, Inc • Eaton Corporation PLC • Foshan Electrical and Lighting Co., Ltd • GE Lighting, Iris Ohyama Inc • Koninklijke Philips NV • Ledvance Lighting Company • Opple Lighting • OSRAM • Panasonic Corporation • Syska LED • Toggled • Yankon Lighting • Zumtobel Group View Report TOC, Figures and Tables: https://www.imarcgroup.com/led-tube-light-manufacturing-plant
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