The LED (Light-Emitting Diode) Neon Lights Global Market Report 2023, provides comprehensive information on the led (light-emitting diode) neon lights market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global LED (light-emitting diode) neon lights market is expected to grow from $1.16 billion in 2022 to $1.25 billion in 2023 at a compound annual growth rate (CAGR) of 7.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The LED (light-emitting diode) neon lights market is expected to reach $1.62 billion in 2027 at a CAGR of 6.8%.
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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 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.
Asia-Pacific was the largest region in the LED (light-emitting diode) neon lights market in 2022.
The table of contents in TBRC’s led (light-emitting diode) neon lights market report 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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