The LED work light demand is driving the competition between the replacement and new implementation
According to the latest Arizton's market research report, the LED work light market size to cross USD 31 billion by 2025, growing at a CAGR of 8% during the forecast period.
LED Work Light Market Growth
The LED work lights are better than the traditional work light models. The demand for LED work light is driving the competition between the replacement and new implementation. The traditional interfaces are in effect for decades that are confronted by completely different illumination possibilities by utilizing LED technologies. The power consumption of LED power is lesser compare to other lightings that in turn boost the market growth for LED work light. The efficiency and cost are also important criteria to be considered among end-users.
Efficiency of LED work Light
LED emits 'directional light,' while fluorescent generates 'omnidirectional light' or light in several directions. This makes LED lamps nearly 2X more powerful compared to fluorescent lights. LED lightings do not produce mercury which in turn, is making the recycling process easier. The emerging demand for general lighting LEDs influences the complexities of the lighting industry along the general lighting supply chain, with a possible impact on the standardization of light engines.
LED Work Light – Geographic Analysis
APAC is driving the work light market growth of work light due to the rising number of smart cities and policy programs to implement energy-efficient lighting. The Australian government is committed to promoting LED lightings. Australia released a road map to ban incandescent bulbs to promote LED lighting, which is expected to fuel demand for LED work light. Major player like Samsung is expected new growth opportunity for LED work light in Australia. The lighting industry in Australia is facing some challenges due to COVID-19 which is interrupting the supply chain of the industry across the globe.
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