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LED Panels/Troffers Market by Type (Human Centric Lighting (HCL), Traditional LED Panels) by End-user (Residential, Commercial, Industrial) by Price Range (Low (Below USD 25)Medium (Between USD 25 to USD 100), Above USD 100): Growth, Future Prospects, and Competitive Analysis, 2015 – 2027

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Market Insights

LED Panels/Troffers are a kind of lighting fixtures used as an energy-efficient and aesthetic replacement for traditional fluorescent ceiling lights. LED Panels/Troffers are the most commonly used ceiling lights for indoor settings, including residential, industrial, and commercial buildings. LED Panels/Troffers are designed in such a way that they can align with the interior of a building and can easily immerse in the ceiling. Additionally, LED Panels/Troffers provide enhanced illumination in applied areas. LED Panels/Troffers are made up of various layers, including aluminum frames, polymers liners, etc. All LED Panels/Troffers make use of advanced LED technology.

LED Panels/Troffers also include an LED chip inside, a diffuser, and a reflector on the back of LED lights. LED Panels/Troffers are considered highly energy efficient against other ceiling lighting options such as CFL’s. LED Panels/Troffers consume just half the energy that a CFL requires to produce similar quality of light. The Global LED Panels/Troffers market is growing at an attractive CAGR of over 12.5%. The revenue generated by the global LED Panels/Troffers industry in 2020 was around USD 17.2 billion and is expected to cross the valuation of USD 43 billion in 2027. While cumulative revenue growth of the global LED, Panels/Troffers industry is expected to be slightly over USD 225 billion from 2021 to 2027.

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Interesting Facts of LED Panels/Troffers

  • LED Panels/Troffers consumption in the Asia Pacific is highest among all regions, with over 35% share in 2020
  • LED Panels/Troffers are highly energy efficient as compared to their traditional counterpart, i.e., CFL
  • Favorable Government Policies to Drive the Demand for LED Panels/Troffers around the world
  • High cost is one of the major issues in the adoption of LED Panels/Troffers, especially in emerging economies
  • LED Panels/Troffers priced below USD 25 occupy a large share of almost 75% in terms of volume, while revenue share is just around 55% for this segment
  • Human-centric lighting is one of the most rapidly growing segments of the global LED Panels/Troffers industry worldwide

The outbreak of COVID 19 and High Costs are Expected to be Major Hurdles for the Growth of the LED Panels/Troffers industry.

The outbreak of COVID 19 had a very severe impact on the Growth of the global LED Panels/Troffers market. The industry experienced a whopping decline of over 12% in 2020. The global LED Panels/Troffers has experienced a decline in its market size ever since its commercialization. However, with the revival of construction activities, the demand for LED Panels/Troffers is likely to restore within a few months. Secondly, Growth is also expected to be hampered due to rising costs and declining end-user spending power due to the economic consequences of COVID 19.

Favorable Government Policies to Boost the Installation of LED Lights

Governments across the world are facing increasingly challenging situations regarding climate change and growing energy consumption. As a result, it’s increasingly becoming difficult to meet the growing energy demand. In such a situation, LED lights have come to rescue governments of various countries as LED’s are highly energy efficient and require less than half of the power to produce a light of similar quality that a CFL can have. Moreover, LED Panels/Troffers are durable, safe, and require less maintenance than their traditional counterparts. As a result, governments worldwide are coming up with policies and regulations favorable for developing the LED lighting industry. Additionally, many governments have subsidized the use of LED lights. This, in turn, drives the demand for LED Panels/Troffers worldwide.

Increasing concerns regarding world climate change, most governments across the globe are taking the initiative in encouraging the citizens to use energy-efficient LED lamps in order to lower energy consumption and decrease environmental footprints. Moreover, many governments are offering attractive subsidies on LED lights in order to push people towards the use of led lamps. Apart from initiatives taken by the government, the end-users are also inclined towards using LED Panels/Troffers owing to their durability, lower energy consumption, and low replacement cost.

Increasing Number of Companies Offering Work from Home in the Wake of COVID 19

In the wake of the COVID 19 pandemic, many companies have offered work-from-home facilities to their employees worldwide. This, in turn, also resulted in the growing demand for LED Panels/Troffers from household consumers. As a result, the rise in demand for LED Panels/Troffers from household consumers is likely to grow in 2021 and 2022.

Human Centric Lighting to Gain Traction in the Years to Come

Human-centric lighting is a new stream of LED Panels/Troffers industry that is growing at a rapid pace. Human-centric lighting offers a natural daylight experience and thus stimulates our bodily functions. It is considered to provide improved human performance, better health, and well-being. Human-centric lighting facilitates visual balance and the human body’s physical and emotional requirements. The human-centric lighting segment is growing rapidly and is expected to exhibit a CAGR of over 18% during the forecast period.

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Asia Pacific to Dominate the Production as well as Demand for LED Panels

The presence of large number f manufacturers, as well as a consumption base backed by the huge population in the region, is mainly driving the Growth of this industry in the area. Asia Pacific is also one of the leading exporters of LED Panels owing to the solid huge production capacity installed across China, South Korea, Taiwan, and Other Southeast Asian countries. Key players operating in the global LED Panels market include but are not limited to Signify, Nichia, Osram, Seoul Semiconductor, Everlight Electronics, Koninklijke Philip, Cree Incorporation, Acuity Brand Lighting, General Electric, LG Innotek, Eaton Corporation, Toyoda Gosei Co, Ltd, Zumtobel Group, Ledtronics, Herbert Waldmann Gmbh, and Lumiron. The market for LED Panels is highly fragmented, with a large number of manufacturers. However, almost 40% share is occupied by just six companies.

Chapter 1 Preface 19

1.1 Report Description 19
1.1.1 Purpose of the Report 19
1.1.2 Target Audience 19
1.1.3 USP and Key Offerings 19
1.2 Research Scope 20
1.3 Research Methodology 20
1.3.1 Phase I – Secondary Research 21
1.3.2 Phase II – Primary Research 22
1.3.3 Phase III – Expert Panel Review 22
1.3.4 Assumptions 22
1.3.5 Approach Adopted 23

Chapter 2 Executive Summary 24

2.1 Market Snapshot: Global LED Panels/Troffers Market 24

Chapter 3 Market Dynamics 26

3.1 Introduction 26
3.2 Market Dynamics 26
3.3 Key Growth Trends 26
3.3.1 Market Driver 1 26
3.3.2 Market Driver 2 26
3.4 Major Industry Challenges 27
3.4.1 Market Restraint 1 27
3.5 Key Growth Pockets 28
3.5.1 Key Growth Opportunity 1 28
3.6 Key Growth Pockets 29
3.6.1 Key Growth Opportunity 1 29
3.7 Attractive Investment Proposition, 2020 30
3.8 Type 30
3.9 Price Range 30
3.10 End-user 30
3.11 Geography 30
3.12 Value Chain Analysis 31
3.13 Porter’s Five Forces Analysis 32
Chapter 4 Market Positioning of Key Players, 2020 33
4.1 Company market share of key players, 2018 to 2020 33
4.2 Global LED Panels/Troffers Revenue and Market Share by Manufacturer (2018-2020) 33
4.3 Global LED Panels/Troffers Revenue and Market Share by Company (2018-2020) 34
4.4 Top 6 Players 35
4.5 Top 3 Players 35
4.6 Major Strategies Adopted by Key Players 35

Chapter 5 COVID 19 Impact on LED Panels/Troffers Market 36

5.1 Overview of COVID 19 Impact on LED Panels/Troffers Market 36
5.2 Global LED Panels/Troffers Market, 2019 – 2027, Pre V/S Post COVID 19 36
5.3 Estimated Impact Of The Coronavirus (Covid-19) Epidemic On The LED Panels/Troffers Market Size In 2020, By Scenario 36
5.4 Impact on Supply Chain and Production in LED Panels/Troffers Market 37
5.5 Impact on Import and Export 37

Chapter 6 LED Panels/Troffers Import Export, 2015 – 2020 38

6.1 North America LED Panels/Troffers Import-Export, 2015 – 2020 38
6.2 Europe LED Panels/Troffers Import-Export, 2015 – 2020 38
6.3 Asia Pacific LED Panels/Troffers Import-Export, 2015 – 2020 38
6.4 Latin America LED Panels/Troffers Import-Export, 2015 – 2020 38
6.5 Middle East and Africa LED Panels/Troffers Import-Export, 2015 – 2020 38

Chapter 7 Global LED Panels/Troffers Market, By Type 39

7.1 Global LED Panels/Troffers Market Share by Type, 2015 and 2027 39
7.1.1 Global LED Panels/Troffers Market Share by Type, 2020 39
7.2 Global LED Panels/Troffers Market Revenue, By Human Centric Lighting (HCL), 2015 – 2027 40
7.3 Global LED Panels/Troffers Market Revenue, By Traditional LED Panels, 2015 – 2027 40
7.4 Global LED Panels/Troffers Market Revenue, By Type 3, 2015 – 2027 41
7.5 Global LED Panels/Troffers Market Revenue, By Type 4, 2015 – 2027 42
7.6 Global LED Panels/Troffers Market Revenue, By Type 5, 2015 – 2027 42

Chapter 8 Global LED Panels/Troffers Market, By Price Range 44

8.1 Global LED Panels/Troffers Market Share by Price Range, 2015 and 2027 44
8.1.1 Global LED Panels/Troffers Market Share by Price Range, 2020 44
8.2 Global LED Panels/Troffers Market Revenue, By Below USD 25, 2015 – 2027 45
8.3 Global LED Panels/Troffers Market Revenue, By USD 26 to USD 100, 2015 – 2027 45
8.4 Global LED Panels/Troffers Market Revenue, By Above USD 100, 2015 – 2027 46
8.5 Global LED Panels/Troffers Market Revenue, By Price Range 4, 2015 – 2027 47
8.6 Global LED Panels/Troffers Market Revenue, By Price Range 5, 2015 – 2027 47

Chapter 9 Global LED Panels/Troffers Market, By End-user 49

9.1 Global LED Panels/Troffers Market Share by End-user, 2015 and 2027 49
9.1.1 Global LED Panels/Troffers Market Share by End-user, 2020 49
9.2 Global LED Panels/Troffers Market Revenue, By Residential, 2015 – 2027 50
9.3 Global LED Panels/Troffers Market Revenue, By Commercial, 2015 – 2027 50
9.4 Global LED Panels/Troffers Market Revenue, By Industrial, 2015 – 2027 51
9.5 Global LED Panels/Troffers Market Revenue, By End-user 4, 2015 – 2027 52
9.6 Global LED Panels/Troffers Market Revenue, By End-user 5, 2015 – 2027 52

Chapter 10 North America LED Panels/Troffers Market 54

10.1 North America LED Panels/Troffers Market Share, By Country, 2020 54
10.2 North America by Country 55
10.2.1 North America LED Panels/Troffers Market, By Country, 2015 – 2020 (USD Million) 55
10.2.2 North America LED Panels/Troffers Market, By Country, 2021 – 2027 (USD Million) 55
10.3 North America by Type 56
10.3.1 North America LED Panels/Troffers Market, By Type, 2015 – 2020 (USD Million) 56
10.3.2 North America LED Panels/Troffers Market, By Type, 2021 – 2027 (USD Million) 56
10.4 North America by Price Range 57
10.4.1 North America LED Panels/Troffers Market, By Price Range, 2015 – 2020 (USD Million) 57
10.4.2 North America LED Panels/Troffers Market, By Price Range, 2021 – 2027 (USD Million) 57
10.5 North America by End-user 58
10.5.1 North America LED Panels/Troffers Market, By End-user, 2015 – 2020 (USD Million) 58
10.5.2 North America LED Panels/Troffers Market, By End-user, 2021 – 2027 (USD Million) 58
10.6 U.S. by Type 59
10.6.1 U.S. LED Panels/Troffers Market, By Type, 2015 – 2020 (USD Million) 59
10.6.2 U.S. LED Panels/Troffers Market, By Type, 2021 – 2027 (USD Million) 59
10.7 U.S. by Price Range 60
10.7.1 U.S. LED Panels/Troffers Market, By Price Range, 2015 – 2020 (USD Million) 60
10.7.2 U.S. LED Panels/Troffers Market, By Price Range, 2021 – 2027 (USD Million) 60
10.8 U.S. by End-user 61
10.8.1 U.S. LED Panels/Troffers Market, By End-user, 2015 – 2020 (USD Million) 61
10.8.2 U.S. LED Panels/Troffers Market, By End-user, 2021 – 2027 (USD Million) 61
10.9 Canada by Type 62
10.9.1 Canada LED Panels/Troffers Market, By Type, 2015 – 2020 (USD Million) 62
10.9.2 Canada LED Panels/Troffers Market, By Type, 2021 – 2027 (USD Million) 62
10.10 Canada by Price Range 63
10.10.1 Canada LED Panels/Troffers Market, By Price Range, 2015 – 2020 (USD Million) 63
10.10.2 Canada LED Panels/Troffers Market, By Price Range, 2021 – 2027 (USD Million) 63
10.11 Canada by End-user 64
10.11.1 Canada LED Panels/Troffers Market, By End-user, 2015 – 2020 (USD Million) 64
10.11.2 Canada LED Panels/Troffers Market, By End-user, 2021 – 2027 (USD Million) 64
10.12 Mexico by Type 65
10.12.1 Mexico LED Panels/Troffers Market, By Type, 2015 – 2020 (USD Million) 65
10.12.2 Mexico LED Panels/Troffers Market, By Type, 2021 – 2027 (USD Million) 65
10.13 Mexico by Price Range 66
10.13.1 Mexico LED Panels/Troffers Market, By Price Range, 2015 – 2020 (USD Million) 66
10.13.2 Mexico LED Panels/Troffers Market, By Price Range, 2021 – 2027 (USD Million) 66
10.14 Mexico by End-user 67
10.14.1 Mexico LED Panels/Troffers Market, By End-user, 2015 – 2020 (USD Million) 67
10.14.2 Mexico LED Panels/Troffers Market, By End-user, 2021 – 2027 (USD Million) 67

Chapter 11 Europe LED Panels/Troffers Market 68

11.1 Europe LED Panels/Troffers Market Share, By Country, 2020 68
11.2 Europe by Country 69
11.2.1 Europe LED Panels/Troffers Market, By Country, 2015 – 2020 (USD Million) 69
11.2.2 Europe LED Panels/Troffers Market, By Country, 2021 – 2027 (USD Million) 70
11.3 Europe by Type 71
11.3.1 Europe LED Panels/Troffers Market, By Type, 2015 – 2020 (USD Million) 71
11.3.2 Europe LED Panels/Troffers Market, By Type, 2021 – 2027 (USD Million) 71
11.4 Europe by Price Range 72
11.4.1 Europe LED Panels/Troffers Market, By Price Range, 2015 – 2020 (USD Million) 72
11.4.2 Europe LED Panels/Troffers Market, By Price Range, 2021 – 2027 (USD Million) 72
11.5 Europe by End-user 73
11.5.1 Europe LED Panels/Troffers Market, By End-user, 2015 – 2020 (USD Million) 73
11.5.2 Europe LED Panels/Troffers Market, By End-user, 2021 – 2027 (USD Million) 73
11.6 UK by Type 74
11.6.1 UK LED Panels/Troffers Market, By Type, 2015 – 2020 (USD Million) 74
11.6.2 UK LED Panels/Troffers Market, By Type, 2021 – 2027 (USD Million) 74
11.7 UK by Price Range 75
11.7.1 UK LED Panels/Troffers Market, By Price Range, 2015 – 2020 (USD Million) 75
11.7.2 UK LED Panels/Troffers Market, By Price Range, 2021 – 2027 (USD Million) 75
11.8 UK by End-user 76
11.8.1 UK LED Panels/Troffers Market, By End-user, 2015 – 2020 (USD Million) 76
11.8.2 UK LED Panels/Troffers Market, By End-user, 2021 – 2027 (USD Million) 76
11.9 France 77
11.10 Germany 77
11.11 Italy 77
11.12 Russia 77
11.13 Spain 77
11.14 Belgium 77
11.15 Netherland 77
11.16 Austria 77
11.17 Sweden 77
11.18 Poland 77
11.19 Denmark 77
11.20 Switzerland 77
11.21 Rest of Europe 77

Chapter 12 Asia Pacific LED Panels/Troffers Market 78

12.1 Asia Pacific LED Panels/Troffers Market Share, By Country, 2020 78
12.2 Asia Pacific by Country 79
12.2.1 Asia Pacific LED Panels/Troffers Market, By Country, 2015 – 2020 (USD Million) 79
12.2.2 Asia Pacific LED Panels/Troffers Market, By Country, 2021 – 2027 (USD Million) 80
12.3 Asia Pacific by Type 81
12.3.1 Asia Pacific LED Panels/Troffers Market, By Type, 2015 – 2020 (USD Million) 81
12.3.2 Asia Pacific LED Panels/Troffers Market, By Type, 2021 – 2027 (USD Million) 81
12.4 Asia Pacific by Price Range 82
12.4.1 Asia Pacific LED Panels/Troffers Market, By Price Range, 2015 – 2020 (USD Million) 82
12.4.2 Asia Pacific LED Panels/Troffers Market, By Price Range, 2021 – 2027 (USD Million) 82
12.5 Asia Pacific by End-user 83
12.5.1 Asia Pacific LED Panels/Troffers Market, By End-user, 2015 – 2020 (USD Million) 83
12.5.2 Asia Pacific LED Panels/Troffers Market, By End-user, 2021 – 2027 (USD Million) 83
12.6 China by Type 84
12.6.1 China LED Panels/Troffers Market, By Type, 2015 – 2020 (USD Million) 84
12.6.2 China LED Panels/Troffers Market, By Type, 2021 – 2027 (USD Million) 84
12.7 China by Price Range 85
12.7.1 China LED Panels/Troffers Market, By Price Range, 2015 – 2020 (USD Million) 85
12.7.2 China LED Panels/Troffers Market, By Price Range, 2021 – 2027 (USD Million) 85
12.8 China by End-user 86
12.8.1 China LED Panels/Troffers Market, By End-user, 2015 – 2020 (USD Million) 86
12.8.2 China LED Panels/Troffers Market, By End-user, 2021 – 2027 (USD Million) 86
12.9 Japan 87
12.10 South Korea 87
12.11 India 87
12.12 Australia 87
12.13 New Zealand 87
12.14 Taiwan 87
12.15 Southeast Asia 87
12.16 Central Asia 87
12.17 Rest of Asia Pacific 87

Chapter 13 Latin America LED Panels/Troffers Market 88

13.1 Latin America LED Panels/Troffers Market Share, By Country, 2020 88
13.2 Latin America by Country 89
13.2.1 Latin America LED Panels/Troffers Market, By Country, 2015 – 2020 (USD Million) 89
13.2.2 Latin America LED Panels/Troffers Market, By Country, 2021 – 2027 (USD Million) 89
13.3 Latin America by Type 90
13.3.1 Latin America LED Panels/Troffers Market, By Type, 2015 – 2020 (USD Million) 90
13.3.2 Latin America LED Panels/Troffers Market, By Type, 2021 – 2027 (USD Million) 90
13.4 Latin America by Price Range 91
13.4.1 Latin America LED Panels/Troffers Market, By Price Range, 2015 – 2020 (USD Million) 91
13.4.2 Latin America LED Panels/Troffers Market, By Price Range, 2021 – 2027 (USD Million) 91
13.5 Latin America by End-user 92
13.5.1 Latin America LED Panels/Troffers Market, By End-user, 2015 – 2020 (USD Million) 92
13.5.2 Latin America LED Panels/Troffers Market, By End-user, 2021 – 2027 (USD Million) 92
13.6 Brazil by Type 93
13.6.1 Brazil LED Panels/Troffers Market, By Type, 2015 – 2020 (USD Million) 93
13.6.2 Brazil LED Panels/Troffers Market, By Type, 2021 – 2027 (USD Million) 93
13.7 Brazil by Price Range 94
13.7.1 Brazil LED Panels/Troffers Market, By Price Range, 2015 – 2020 (USD Million) 94
13.7.2 Brazil LED Panels/Troffers Market, By Price Range, 2021 – 2027 (USD Million) 94
13.8 Brazil by End-user 95
13.8.1 Brazil LED Panels/Troffers Market, By End-user, 2015 – 2020 (USD Million) 95
13.8.2 Brazil LED Panels/Troffers Market, By End-user, 2021 – 2027 (USD Million) 95
13.9 Argentina 96
13.10 Peru 96
13.11 Chile 96
13.12 Colombia 96
13.13 Rest of Latin America 96

Chapter 14 Middle East LED Panels/Troffers Market 97

14.1 Middle East LED Panels/Troffers Market Share, By Country, 2020 97
14.2 Middle East by Country 98
14.2.1 Middle East LED Panels/Troffers Market, By Country, 2015 – 2020 (USD Million) 98
14.2.2 Middle East LED Panels/Troffers Market, By Country, 2021 – 2027 (USD Million) 98
14.3 Middle East by Type 99
14.3.1 Middle East LED Panels/Troffers Market, By Type, 2015 – 2020 (USD Million) 99
14.3.2 Middle East LED Panels/Troffers Market, By Type, 2021 – 2027 (USD Million) 99
14.4 Middle East by Price Range 100
14.4.1 Middle East LED Panels/Troffers Market, By Price Range, 2015 – 2020 (USD Million) 100
14.4.2 Middle East LED Panels/Troffers Market, By Price Range, 2021 – 2027 (USD Million) 100
14.5 Middle East by End-user 101
14.5.1 Middle East LED Panels/Troffers Market, By End-user, 2015 – 2020 (USD Million) 101
14.5.2 Middle East LED Panels/Troffers Market, By End-user, 2021 – 2027 (USD Million) 101
14.6 UAE by Type 102
14.6.1 UAE LED Panels/Troffers Market, By Type, 2015 – 2020 (USD Million) 102
14.6.2 UAE LED Panels/Troffers Market, By Type, 2021 – 2027 (USD Million) 102
14.7 UAE by Price Range 103
14.7.1 UAE LED Panels/Troffers Market, By Price Range, 2015 – 2020 (USD Million) 103
14.7.2 UAE LED Panels/Troffers Market, By Price Range, 2021 – 2027 (USD Million) 103
14.8 UAE by End-user 104
14.8.1 UAE LED Panels/Troffers Market, By End-user, 2015 – 2020 (USD Million) 104
14.8.2 UAE LED Panels/Troffers Market, By End-user, 2021 – 2027 (USD Million) 104
14.9 UAE 105
14.10 KSA 105
14.11 Israel 105
14.12 Turkey 105
14.13 Iran 105
14.14 Rest of Middle East 105

Chapter 15 Africa LED Panels/Troffers Market 106

15.1 Africa LED Panels/Troffers Market Share, By Country, 2020 106
15.2 Africa by Country 107
15.2.1 Africa LED Panels/Troffers Market, By Country, 2015 – 2020 (USD Million) 107
15.2.2 Africa LED Panels/Troffers Market, By Country, 2021 – 2027 (USD Million) 107
15.3 Africa by Type 108
15.3.1 Africa LED Panels/Troffers Market, By Type, 2015 – 2020 (USD Million) 108
15.3.2 Africa LED Panels/Troffers Market, By Type, 2021 – 2027 (USD Million) 108
15.4 Africa by Price Range 109
15.4.1 Africa LED Panels/Troffers Market, By Price Range, 2015 – 2020 (USD Million) 109
15.4.2 Africa LED Panels/Troffers Market, By Price Range, 2021 – 2027 (USD Million) 109
15.5 Africa by End-user 110
15.5.1 Africa LED Panels/Troffers Market, By End-user, 2015 – 2020 (USD Million) 110
15.5.2 Africa LED Panels/Troffers Market, By End-user, 2021 – 2027 (USD Million) 110
15.6 South Africa by Type 111
15.6.1 South Africa LED Panels/Troffers Market, By Type, 2015 – 2020 (USD Million) 111
15.6.2 South Africa LED Panels/Troffers Market, By Type, 2021 – 2027 (USD Million) 111
15.7 South Africa by Price Range 112
15.7.1 South Africa LED Panels/Troffers Market, By Price Range, 2015 – 2020 (USD Million) 112
15.7.2 South Africa LED Panels/Troffers Market, By Price Range, 2021 – 2027 (USD Million) 112
15.8 South Africa by End-user 113
15.8.1 South Africa LED Panels/Troffers Market, By End-user, 2015 – 2020 (USD Million) 113
15.8.2 South Africa LED Panels/Troffers Market, By End-user, 2021 – 2027 (USD Million) 113
15.9 South Africa 114
15.10 Egypt 114
15.11 Nigeria 114
15.12 Rest of Africa 114

Chapter 16 Company Profile 115

16.1 Signify 115
16.1.1 Business Overview 115
16.1.2 Signify LED Panels/Troffers Type and Price Ranges 116
16.1.3 Signify LED Panels/Troffers Sales, Price, Revenue, Gross Margin and Market Share (2018-2019) 116
16.2 Nichia 117
16.3 Osram 117
16.4 Seoul Semiconductor 117
16.5 Everlight Electronics 117
16.6 Koninklijke Philip 117
16.7 Cree Incorporation 117
16.8 Acuity Brand Lighting 117
16.9 General Electric 117
16.10 LG Innotek 117
16.11 Eaton Corporation 117
16.12 Toyoda Gosei Co, Ltd 117
16.13 Zumtobel Group 117
16.14 Ledtronics 117
16.15 Herbert Waldmann Gmbh 117
16.16 Lumiron 117
16.17 Others 117

Chapter 17 LED Panels/Troffers Manufacturing Cost Analysis 118

17.1 LED Panels/Troffers Key Raw Materials Analysis 118
17.1.1 Key Raw Materials 118
17.1.2 Price Trend of Key Raw Materials 118
17.1.3 Key Suppliers of Raw Materials 119
17.1.4 Market Concentration Rate of Raw Materials 119
17.2 Proportion of Manufacturing Cost Structure 120
17.2.1 Raw Materials 120
17.2.2 Labor Cost 120
17.2.3 Manufacturing Expenses 120
17.3 Manufacturing Process Analysis of LED Panels/Troffers 121
Chapter 18 Marketing Strategy Analysis 122
18.1 Marketing Channel 122
18.1.1 Direct Marketing 122
18.1.2 Indirect Marketing 122
18.1.3 Marketing Channel Development Trend 122
18.2 Market Positioning 122
18.2.1 Pricing Strategy 122
18.2.2 Brand Strategy 122
18.2.3 Target Client 122

List of Figures

FIG. 1 Global LED Panels/Troffers Market: Research Methodology

FIG. 2 Top-Down and Bottom Up Approach

FIG. 1 Market Attractiveness Analysis, by Type

FIG. 2 Value Chain Analysis

FIG. 3 Porter’s Five Forces Analysis

FIG. 4 Top 6 Company Share Analysis, 2020

FIG. 5 Top 3 Company Share Analysis, 2020

FIG. 6 North America LED Panels/Troffers Import-Export, 2015 – 2020

FIG. 7 Global LED Panels/Troffers Market Share by Type, 2020

FIG. 8 Global LED Panels/Troffers Market Revenue, By Human Centric Lighting (HCL), 2015 – 2027

FIG. 9 Global LED Panels/Troffers Market Revenue, By Traditional LED Panels, 2015 – 2027

FIG. 10 Global LED Panels/Troffers Market Revenue, By Type 3, 2015 – 2027

FIG. 11 Global LED Panels/Troffers Market Revenue, By Type 4, 2015 – 2027

FIG. 12 Global LED Panels/Troffers Market Revenue, By Type 6, 2015 – 2027

FIG. 13 Global LED Panels/Troffers Market Share by Price Range, 2020

FIG. 14 Global LED Panels/Troffers Market Revenue, By Below USD 25, 2015 – 2027

FIG. 15 Global LED Panels/Troffers Market Revenue, By USD 26 to USD 100, 2015 – 2027

FIG. 16 Global LED Panels/Troffers Market Revenue, By Above USD 100, 2015 – 2027

FIG. 17 Global LED Panels/Troffers Market Revenue, By Price Range 4, 2015 – 2027

FIG. 18 Global LED Panels/Troffers Market Revenue, By Price Range 5, 2015 – 2027

FIG. 19 Global LED Panels/Troffers Market Share by End-user, 2020

FIG. 20 Global LED Panels/Troffers Market Revenue, By Residential, 2015 – 2027

FIG. 21 Global LED Panels/Troffers Market Revenue, By Commercial, 2015 – 2027

FIG. 22 Global LED Panels/Troffers Market Revenue, By Industrial, 2015 – 2027

FIG. 23 Global LED Panels/Troffers Market Revenue, By End-user 4, 2015 – 2027

FIG. 24 Global LED Panels/Troffers Market Revenue, By End-user 5, 2015 – 2027

FIG. 25 North America LED Panels/Troffers Market Share by Country, 2020

FIG. 26 Europe LED Panels/Troffers Market Share by Country, 2020

FIG. 27 Asia Pacific LED Panels/Troffers Market Share by Country, 2020

FIG. 28 Latin America LED Panels/Troffers Market Share by Country, 2020

FIG. 29 Middle East LED Panels/Troffers Market Share by Country, 2020

FIG. 30 Africa LED Panels/Troffers Market Share by Country, 2020

FIG. 31 Price Trend of Key Raw Materials

FIG. 32 Manufacturing Cost Structure of LED Panels/Troffers

FIG. 33 Manufacturing Process Analysis of LED Panels/Troffers

List of Tables

TABLE 1 Market Snapshot: Global LED Panels/Troffers Market

TABLE 2 Drivers Of The Global LED Panels/Troffers Market: Impact Analysis

TABLE 3 Restraints Of The Global LED Panels/Troffers Market: Impact Analysis

TABLE 4 Global LED Panels/Troffers Revenue by Manufacturer (2018-2020) (USD Million)

TABLE 5 Global LED Panels/Troffers Revenue by Company (2018-2020) (%)

TABLE 6 Global LED Panels/Troffers Market, 2019 – 2027, Pre V/S Post COVID 19

TABLE 7 Estimated Impact Of The Coronavirus (Covid-19) Epidemic On The LED Panels/Troffers Market Size In 2020, By Scenario

TABLE 8 Impact on Import and Export

TABLE 9 North America LED Panels/Troffers Market, By Country, 2015 – 2020 (USD Million)

TABLE 10 North America LED Panels/Troffers Market, By Country, 2021 – 2027 (USD Million)

TABLE 11 North America LED Panels/Troffers Market, By Type, 2015 – 2020 (USD Million)

TABLE 12 North America LED Panels/Troffers Market, By Type, 2021 – 2027 (USD Million)

TABLE 13 North America LED Panels/Troffers Market, By Price Range, 2015 – 2020 (USD Million)

TABLE 14 North America LED Panels/Troffers Market, By Price Range, 2021 – 2027 (USD Million)

TABLE 15 North America LED Panels/Troffers Market, By End-user, 2015 – 2020 (USD Million)

TABLE 16 North America LED Panels/Troffers Market, By End-user, 2021 – 2027 (USD Million)

TABLE 17 U.S. LED Panels/Troffers Market, By Type, 2015 – 2020 (USD Million)

TABLE 18 U.S. LED Panels/Troffers Market, By Type, 2021 – 2027 (USD Million)

TABLE 19 U.S. LED Panels/Troffers Market, By Price Range, 2015 – 2020 (USD Million)

TABLE 20 U.S. LED Panels/Troffers Market, By Price Range, 2021 – 2027 (USD Million)

TABLE 21 U.S. LED Panels/Troffers Market, By End-user, 2015 – 2020 (USD Million)

TABLE 22 U.S. LED Panels/Troffers Market, By End-user, 2021 – 2027 (USD Million)

TABLE 23 Canada LED Panels/Troffers Market, By Type, 2015 – 2020 (USD Million)

TABLE 24 Canada LED Panels/Troffers Market, By Type, 2021 – 2027 (USD Million)

TABLE 25 Canada LED Panels/Troffers Market, By Price Range, 2015 – 2020 (USD Million)

TABLE 26 Canada LED Panels/Troffers Market, By Price Range, 2021 – 2027 (USD Million)

TABLE 27 Canada LED Panels/Troffers Market, By End-user, 2015 – 2020 (USD Million)

TABLE 28 Canada LED Panels/Troffers Market, By End-user, 2021 – 2027 (USD Million)

TABLE 29 Mexico LED Panels/Troffers Market, By Type, 2015 – 2020 (USD Million)

TABLE 30 Mexico LED Panels/Troffers Market, By Type, 2021 – 2027 (USD Million)

TABLE 31 Mexico LED Panels/Troffers Market, By Price Range, 2015 – 2020 (USD Million)

TABLE 32 Mexico LED Panels/Troffers Market, By Price Range, 2021 – 2027 (USD Million)

TABLE 33 Mexico LED Panels/Troffers Market, By End-user, 2015 – 2020 (USD Million)

TABLE 34 Mexico LED Panels/Troffers Market, By End-user, 2021 – 2027 (USD Million)

TABLE 35 Europe LED Panels/Troffers Market, By Country, 2015 – 2020 (USD Million)

TABLE 36 Europe LED Panels/Troffers Market, By Country, 2021 – 2027 (USD Million)

TABLE 37 Europe LED Panels/Troffers Market, By Type, 2015 – 2020 (USD Million)

TABLE 38 Europe LED Panels/Troffers Market, By Type, 2021 – 2027 (USD Million)

TABLE 39 Europe LED Panels/Troffers Market, By Price Range, 2015 – 2020 (USD Million)

TABLE 40 Europe LED Panels/Troffers Market, By Price Range, 2021 – 2027 (USD Million)

TABLE 41 Europe LED Panels/Troffers Market, By End-user, 2015 – 2020 (USD Million)

TABLE 42 Europe LED Panels/Troffers Market, By End-user, 2021 – 2027 (USD Million)

TABLE 43 UK LED Panels/Troffers Market, By Type, 2015 – 2020 (USD Million)

TABLE 44 UK LED Panels/Troffers Market, By Type, 2021 – 2027 (USD Million)

TABLE 45 UK LED Panels/Troffers Market, By Price Range, 2015 – 2020 (USD Million)

TABLE 46 UK LED Panels/Troffers Market, By Price Range, 2021 – 2027 (USD Million)

TABLE 47 UK LED Panels/Troffers Market, By End-user, 2015 – 2020 (USD Million)

TABLE 48 UK LED Panels/Troffers Market, By End-user, 2021 – 2027 (USD Million)

TABLE 49 Asia Pacific LED Panels/Troffers Market, By Country, 2015 – 2020 (USD Million)

TABLE 50 Asia Pacific LED Panels/Troffers Market, By Country, 2021 – 2027 (USD Million)

TABLE 51 Asia Pacific LED Panels/Troffers Market, By Type, 2015 – 2020 (USD Million)

TABLE 52 Asia Pacific LED Panels/Troffers Market, By Type, 2021 – 2027 (USD Million)

TABLE 53 Asia Pacific LED Panels/Troffers Market, By Price Range, 2015 – 2020 (USD Million)

TABLE 54 Asia Pacific LED Panels/Troffers Market, By Price Range, 2021 – 2027 (USD Million)

TABLE 55 Asia Pacific LED Panels/Troffers Market, By End-user, 2015 – 2020 (USD Million)

TABLE 56 Asia Pacific LED Panels/Troffers Market, By End-user, 2021 – 2027 (USD Million)

TABLE 57 China LED Panels/Troffers Market, By Type, 2015 – 2020 (USD Million)

TABLE 58 China LED Panels/Troffers Market, By Type, 2021 – 2027 (USD Million)

TABLE 59 China LED Panels/Troffers Market, By Price Range, 2015 – 2020 (USD Million)

TABLE 60 China LED Panels/Troffers Market, By Price Range, 2021 – 2027 (USD Million)

TABLE 61 China LED Panels/Troffers Market, By End-user, 2015 – 2020 (USD Million)

TABLE 62 China LED Panels/Troffers Market, By End-user, 2021 – 2027 (USD Million)

TABLE 63 Latin America LED Panels/Troffers Market, By Country, 2015 – 2020 (USD Million)

TABLE 64 Latin America LED Panels/Troffers Market, By Country, 2021 – 2027 (USD Million)

TABLE 65 Latin America LED Panels/Troffers Market, By Type, 2015 – 2020 (USD Million)

TABLE 66 Latin America LED Panels/Troffers Market, By Type, 2021 – 2027 (USD Million)

TABLE 67 Latin America LED Panels/Troffers Market, By Price Range, 2015 – 2020 (USD Million)

TABLE 68 Latin America LED Panels/Troffers Market, By Price Range, 2021 – 2027 (USD Million)

TABLE 69 Latin America LED Panels/Troffers Market, By End-user, 2015 – 2020 (USD Million)

TABLE 70 Latin America LED Panels/Troffers Market, By End-user, 2021 – 2027 (USD Million)

TABLE 71 Brazil LED Panels/Troffers Market, By Type, 2015 – 2020 (USD Million)

TABLE 72 Brazil LED Panels/Troffers Market, By Type, 2021 – 2027 (USD Million)

TABLE 73 Brazil LED Panels/Troffers Market, By Price Range, 2015 – 2020 (USD Million)

TABLE 74 Brazil LED Panels/Troffers Market, By Price Range, 2021 – 2027 (USD Million)

TABLE 75 Brazil LED Panels/Troffers Market, By End-user, 2015 – 2020 (USD Million)

TABLE 76 Brazil LED Panels/Troffers Market, By End-user, 2021 – 2027 (USD Million)

TABLE 77 Middle East LED Panels/Troffers Market, By Country, 2015 – 2020 (USD Million)

TABLE 78 Middle East LED Panels/Troffers Market, By Country, 2021 – 2027 (USD Million)

TABLE 79 Middle East LED Panels/Troffers Market, By Type, 2015 – 2020 (USD Million)

TABLE 80 Middle East LED Panels/Troffers Market, By Type, 2021 – 2027 (USD Million)

TABLE 81 Middle East LED Panels/Troffers Market, By Price Range, 2015 – 2020 (USD Million)

TABLE 82 Middle East LED Panels/Troffers Market, By Price Range, 2021 – 2027 (USD Million)

TABLE 83 Middle East LED Panels/Troffers Market, By End-user, 2015 – 2020 (USD Million)

TABLE 84 Middle East LED Panels/Troffers Market, By End-user, 2021 – 2027 (USD Million)

TABLE 85 UAE LED Panels/Troffers Market, By Type, 2015 – 2020 (USD Million)

TABLE 86 UAE LED Panels/Troffers Market, By Type, 2021 – 2027 (USD Million)

TABLE 87 UAE LED Panels/Troffers Market, By Price Range, 2015 – 2020 (USD Million)

TABLE 88 UAE LED Panels/Troffers Market, By Price Range, 2021 – 2027 (USD Million)

TABLE 89 UAE LED Panels/Troffers Market, By End-user, 2015 – 2020 (USD Million)

TABLE 90 UAE LED Panels/Troffers Market, By End-user, 2021 – 2027 (USD Million)

TABLE 91 Africa LED Panels/Troffers Market, By Country, 2015 – 2020 (USD Million)

TABLE 92 Africa LED Panels/Troffers Market, By Country, 2021 – 2027 (USD Million)

TABLE 93 Africa LED Panels/Troffers Market, By Type, 2015 – 2020 (USD Million)

TABLE 94 Africa LED Panels/Troffers Market, By Type, 2021 – 2027 (USD Million)

TABLE 95 Africa LED Panels/Troffers Market, By Price Range, 2015 – 2020 (USD Million)

TABLE 96 Africa LED Panels/Troffers Market, By Price Range, 2021 – 2027 (USD Million)

TABLE 97 Africa LED Panels/Troffers Market, By End-user, 2015 – 2020 (USD Million)

TABLE 98 Africa LED Panels/Troffers Market, By End-user, 2021 – 2027 (USD Million)

TABLE 99 South Africa LED Panels/Troffers Market, By Type, 2015 – 2020 (USD Million)

TABLE 100 South Africa LED Panels/Troffers Market, By Type, 2021 – 2027 (USD Million)

TABLE 101 South Africa LED Panels/Troffers Market, By Price Range, 2015 – 2020 (USD Million)

TABLE 102 South Africa LED Panels/Troffers Market, By Price Range, 2021 – 2027 (USD Million)

TABLE 103 South Africa LED Panels/Troffers Market, By End-user, 2015 – 2020 (USD Million)

TABLE 104 South Africa LED Panels/Troffers Market, By End-user, 2021 – 2027 (USD Million)

TABLE 105 Signify Basic Information, Location and Competitors

TABLE 106 Signify LED Panels/Troffers Type and Price Ranges

TABLE 107 Signify LED Panels/Troffers Sales, Price, Revenue, Gross Margin and Market Share (2018-2019)

TABLE 108 Production Base and Market Concentration Rate of Raw Material

TABLE 109 Key Suppliers of Raw Materials

Frequently asked questions 

How COVID 19 Impacted LED Panels/Troffers Market?

Construction of residential and commercial building was westly hit by COVID 19 which in turn resulted into decline of over 12% in market size of LED panels industry

Which major production region for LED Panels/Troffers?

Taiwan, China, and South Korea dominated the production of LED Panels. Asia Pacific is largest producer, consumer as well as exporter of LED Panels in the world

What is the major growth hindering factors for global LED Panels/Troffers market?

Low-cost alternative of CFL is likely to arrest the growth of LED Panels industry to some extent

Which are the major players in global LED Panels/Troffers market?

Signify, Nichia, Osram, Seoul Semiconductor, Everlight Electronics, Koninklijke Philip, Cree Incorporation, Acuity Brand Lighting, General Electric, LG Innotek, Eaton Corporation, Toyoda Gosei Co, Ltd, Zumtobel Group, Ledtronics, Herbert Waldmann Gmbh and Lumiron

Which is fastest growing segment in LED Panels/Troffers market?

Human centric lights are most rapidly growing segment in global LED panels industry. Moreover, by price range, below USD 25 segment held the largest share in terms of both volume as well as revenue

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