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Vacuum Interrupter Market - Forecasts from 2019 to 2024

A vacuum interrupter uses electrical contacts in a vacuum. It primarily helps in preventing accidents and damages of electrical equipment. They have applications in utility, oil & gas, and transportation industries as they require a continuous power supply. The utility sector has a significant market share. Increasing construction and development activities of the government in the developing countries is boosting its market. Increasing concern towards nature has shifted the market towards gas-f Read more...

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Visible LED Market - Forecasts from 2019 to 2024

Energy efficiency and a longer lifespan is a key factor attributing to the growth of the visible LED lighting market. Visible LED has several applications in electronic devices, automobiles, and lighting. The rapid increase in the usage of visible LED in commercial and industrial applications, government projects, and upcoming smart building projects are opening new avenues for growth of the visible LED market. Growing competition among the manufacturers has led to the steady decline the LED Read more...

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Photointerrupter Market - Forecasts from 2019 to 2024

Photointerrupter, also known as optointerrupter is a transmission-type photosensor, which typically consists of a light-emitting elements and light receiving elements aligned facing each other in a single package that works by detecting light blockage when a target object comes between both elements, acting as an optical switch. Photointerrupter is a non-contact(optical) switch that improves reliability by preventing wear-and-tear due to abrasion. Gallium arsenide Infrared LEDs are the most comm Read more...

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Automotive Lighting System Market - Forecasts from 2019 to 2024

Lighting has a significant value in the automobile industry. They have applications in the interior as well as the exterior of a vehicle. The automotive lighting system has a significant share in the global LED market. The growing production of automobiles is driving the market of the automotive lighting system. LED fog lights and headlights market is boosted due to increased concerns for road safety. Collision avoidance systems, infotainment, better lighting design, connected systems, and drive Read more...

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Infrared LED Market - Forecasts from 2019 to 2024

An infrared LED is a solid-state lighting device that emits light in the infrared range of the electromagnetic radiation spectrum. Infrared LED has several uses in different industries. Infrared is used in CCTV cameras owing to its night vision feature. With the huge demand for CCTV for security, the market of infrared LED is also growing. Its demand in the consumer electronics sector is also boosting with the introduction of facial and iris recognition systems in mobile devices. Infrared sensor Read more...

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LED Horticulture Market - Forecast from 2019 to 2024

The LED horticulture market is projected to grow at a CAGR of XX.XX% to reach US$XX.XXX billion by 2023, from US$XX.XXX billion in 2017.As per horticulture research, radiation at some relatively narrow spectral bands drives photosynthesis process by optimising chlorophyll absorption. As scientists continue to match monochromatic spectrum to different plants and stages of growth, LED manufactures are tapping into the rapidly growing horticulture lighting market. Use of LEDs to grow herbs, fruits, Read more...

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Livestock Grow Light Market - Forecast from 2019 to 2024

Livestock Grow Lights Market is expected to witness a CAGR of 6.52% over the forecast period to reach US$7,043.758 million in 2024 from US$4,822.797 million in 2018. Rising adoption of smart livestock farming practices is one of the major drivers of livestock grows lights market. Livestock grows lights are used for the growth and to provide animals comfort to the livestock so that they can live in an artificial environment. The grow light affects the psychological state of the livestock which Read more...

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LED Chip Market - Forecasts from 2019 to 2024

The LED chip market is projected to grow at a CAGR of 9.73% during the forecast period to reach a market size of US$15.594 billion in 2024 from US$8.933 billion in 2018. Growing adoption of energy-efficient lighting is the major driver of the LED chip market. Supportive government policies and incentives to boost the usage of LED lights is further escalating the production of LED lights which, in turn, is augmenting the demand for LED chips. Increasing applications of LED lights in industries su Read more...

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LED Lighting Market - Forecasts from 2019 to 2024

The global LED lighting market is peojected to expand at a CAGR of 10.73% over the forecast period to grow to US$101.900 billion by 2024 from US$55.282 billion in 2018. The growing focus on reducing power consumption globally is significantly driving the demand for LED lighting solutions. The recent reduction in the prices of LED lighting products along with the simultaneous rise in the disposable income is projected to boost the adoption of LED lighting solutions globally during the forecast Read more...

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Micro LED Market - Forecasts from 2019 to 2024

The micro LED market is projected to grow at a CAGR of 52.57% to reach US$2,052.330 million by 2024, from US$248.234 million in 2019. Micro LED is considered to be next generation display technology and is growing in popularity on account of its ability to provide quick response time, offer wide viewing angle, and simultaneously reduce energy consumption in comparison to existing technologies. Simultaneously, the increasing focus on the development of miniaturized devices is further boosting Read more...

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