United States Filament LED Bulbs Market Size By Product Type (25-watt Type, 40-watt Type, 60-watt Type, and Others), By Application (Restaurants & Cafes, Hotels, Homes, and Others), By Regional Analysis And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
United States Filament Led Bulbs Market Size And Forecast
United States Filament Led Bulbs Market size was valued at USD 253.52 Million in 2019 and is projected to reach USD 857.72 Million by 2027, at a long-term CAGR of 22.81% from 2020 to 2027.
The low prices of filament LEDs bulb as compared to traditional lighting bulbs and the escalating levels of disposable incomes of customers and rising urbanization in emerging countries is a key growth driver for the . The United States Filament Led Bulbs Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
United States Filament Led Bulbs MarketOverview
Over the past couple of decades, various factors are driving the growth of the filament LED bulbs market such as; increasing demand for energy-efficient lighting solutions and decorative lightings. This has ultimately escalated the demand for filament LED bulbs and in the household sector as well as the commercial sector. In addition to this, low prices of filament LEDs bulb as compared to traditional lighting bulbs and the escalating levels of disposable incomes of customers and rising urbanization in emerging countries is a key growth driver for the Filament LED Bulbs.
Furthermore, the growing adoption of LED filament bulbs in restaurants to households as decorative lighting and strategic alliance with the e-commerce platform is another factor that is supporting the market growth. However, inadequate thermal management and lower life cycle and low awareness related to modern lighting solutions such as filament LED are some of the factors which might hinder the Filament LED Bulbs market growth.
What is Filament LED Bulbs?
The filament LED light bulb? Think of it as an LED designed to look just like those old-fashioned incandescent bulbs we all remember, complete with visible filaments that give it a fantastic look and spread the light beautifully, but with all the energy-saving power of LEDs! It achieves this look with LED filaments – basically, strings of tiny diodes mimicking the look of incandescent filaments. You can swap them in directly for your old clear incandescent bulbs because they come in the same shapes, use the same bases that fit right in, and work with the same voltage. Use them because you love how they look, just like a clear incandescent bulb glowing, or because they cast light across a wide area, usually around 300 degrees. You can find more details here.
United States Filament Led Bulbs MarketSegmentation Analysis
The United States Filament LED Bulbs Market is segmented on the basis of product type, application.
United States Filament Led Bulbs Market By Product Type
25-watt type
40-watt type
60-watt type
others
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When we look at the different kinds of filament LED bulbs, we can break them down by wattage25-watt, 40-watt, 60-watt, and others. It turns out that the 60-watt bulbs were the most popular back in 2019, with 25-watt bulbs coming in second. Speaking of the 25-watt bulb, it emits a yellow light with a wavelength of 0.57µm. A 25-watt filament LED bulb is pretty much the same as those old-fashioned LED vintage bulbs. What's cool is that it only uses about 2.5 watts, making it perfect for creating a dim, cozy atmosphere. The 25-watt type also lets you smoothly dim the lights to get just the right brightness for whatever you're doing. Learn more here!
United States Filament Led Bulbs Market By Application
Restaurants & Cafes
Hotels
Homes
Others
To Get Summarized Market Report By Application-
When it comes to where we use those cool filament LED bulbs here in the United States, we're seeing them pop up in restaurants & cafes, hotels, homes, and more. But, you know, most of them were lighting up our homes back in 2019. Restaurants and cafes were a close second! And hotels? Well, over the last 20 years, they've really woken up to being sustainable, thinking about the environmental, economic, and social stuff. With energy costs always climbing, lots of hotels are going green, putting in things like energy-efficient tech to save cash and get that “green” hotel reputation. LED filament bulbs
Global United States filament LED Bulbs Market Competitive Landscape
The “United States filament LED Bulbs Market” study report will provide a valuable insight with an emphasis on the market including some of the major players such as Signify (Phillips), LEDVANCE LLC, Savant systems (GE lighting), Global Value Lighting LLC., Verbatim, Feit Electric, Satco, Brighttech, Adamax, Inc., Elong International USA and EarthTronics, Inc.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
United States filament LED bulbs Market Share Insights
Key Developments by Major Key Players in the market are as given below.
Company Name
Key Development
Description
SAVANT SYSTEMS INC.
Acquisition
Savant Systems, Inc. acquired the lighting business of GE through a conclusive agreement.
The acquisition will aid the aim of Savant System to create a strong home brand in the U.S. and also globally.
United States filament LED bulbs Market Report Scope
REPORT ATTRIBUTES
DETAILS
Study Period
2016-2027
Base Year
2019
Forecast Period
2020-2027
Historical Period
2016-2018
Unit
Value (USD Billion)
Key Companies Profiled
Signify (Phillips), LEDVANCE LLC, Savant systems (GE lighting), Global Value Lighting LLC., Verbatim, Feit Electric, Satco, Brighttech, Adamax, Inc., Elong International USA and EarthTronics, Inc
Segments Covered
Product Type
Application
Regional Analysis
Customization scope
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Research Methodology of Market Research
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Reasons to Purchase this Report
We dive deep into the market, looking at it from all angles – not just the money side, but also how people feel and act. We break it down into different groups and subgroups, giving you the market value (in USD Billion) for each. You'll see which areas and segments are expected to grow the fastest and become the biggest. We also examine how the product/service is used in different regions, pinpointing what's influencing the market there. Want to know who's who? We've got a competitive landscape that ranks the major players, tracks their latest product launches, partnerships, and acquisitions over the last five years. Plus, we provide detailed company profiles with overviews, insights, product comparisons, and SWOT analysis. We'll give you the scoop on the current and future market, highlighting recent changes, growth opportunities, and the challenges ahead, both in emerging and developed areas. We even dig into the market's structure with Porter's five forces analysis and give you a Value Chain view. Finally, we'll explore the market dynamics and growth opportunities heading our way, and we'll back it all up with 6-month post-sales analyst support.
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