Filament LED Bulb Market Definition
A filament LED bulb is a light that is designed similar to the traditional incandescent light bulb that has observable filaments for both lightings and artistic purposes. These bulbs produce their light through LED filaments that are a series of connected strings of diodes that resemble the filament of an incandescent light bulb. These bulbs have the advantage of visual purpose while also having the effectiveness of LEDs. These types of lights are widely used for their appearance in residential and commercial purposes.
The market study is broken down, by Application (Residential (Apartments, Bungalow, Others), Commercial (Hotels, Restaurant, Offices, Others) and Others) and major geographies with country level splits.
The market for the filament led bulb is fragmented with the presence of many players. Leading players can adopt strategies like a merger, acquisition, expansion, new product launch, in order to gain share within the market. Owing to booming industrialization & urbanization, there are growing prospects for new players to enter the market. Research Analyst at AMA estimates that India Vendors will contribute to the maximum growth of Global Filament LED Bulb market throughout the predicted period.
General Electric Company (United States), FACTORYLUX (United Kingdom), MEGAMAN (Germany), Havells India Limited (India), AXP Lighting (United States), Koninklijke Philips N.V. (Netherland), OSRAM GmbH (Germany), UKLED (United Kingdom), SimplyLED (United Kingdom) and Flux Smart Lighting(United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Magik LED (India), DIGITECH LIGHTS (India), S. R. Industries. (India), Feit Electric (United States) and Inava Instrument International. (India).
AdvanceMarketAnalytics has segmented the market of Global Filament LED Bulb market by Type, Application and Region.
On the basis of geography, the market of Filament LED Bulb has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Power Rating, the sub-segment i.e. 25 Watt will boost the Filament LED Bulb market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Shape, the sub-segment i.e. Round will boost the Filament LED Bulb market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Color, the sub-segment i.e. Warm White will boost the Filament LED Bulb market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
In September 2019, Koninklijke Philips N.V., a manufacturer of electronic products launched Edison-style bulbs which appear to have a swirling filament exposed inside their clear glass housing, creating a much more stylish look than a traditional LED bulb. and In January 2020, LIFX, a manufacturer of smart home products launched retro 'Edison' smart bulbs that can be connected to home Wi-Fi networks and then can be controlled through the company's app or can use Google Assistant/Alexa.
- Demand For Cross Filament LED Bulbs owing to Centre of Light
- Filament LED Bulbs with Bluetooth and Wi-Fi Connectivity
- Growing Demand for Filament LED Bulbs in Residential Sector owing to High Durability and Energy Efficiency
- Increasing Demand for Filament LED Bulbs in Commercial Sector due to Low Carbon Dioxide Emission and Less Poisonous Elements
- Growing Demand from Bars and Restaurants as a Decorative and Attractive Purpose
- Shorter Life Span as Compared to Traditional LED Lights
- Excessive Heat to Filament LED Bulbs May Damage Light Emitting Diodes
- Unfit For Smart Lighting Designs as Compare to Traditional LED Lights
Key Target AudienceFilament LED Bulb Manufacturers, New Entrants/Investors, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Government Regulatory and Research Organizations, End-Use Industry and Others
About ApproachThe research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
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