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Global High CRI LED Market Research Report 2024
Synopsis
High CRI LED is a type of lighting that mimics natural light. "Color rendering index" (CRI) refers to a light source's ability to reveal the colors of objects faithfully in comparison with a natural light source. High CRI LEDs are designed to closely match the color fidelity of sunlight.
When objects are illuminated by general LEDs as opposed to natural light, there can be noticeable differences in color perception due to variations in the color rendering index. This index is measured by the average color rendering index (Ra).
An Ra value closer to 100 indicates a color rendition similar to natural light, while a lower Ra value signifies greater deviation from natural light's color perception.
The global High CRI LED market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during the forecast period 2024-2030.
High CRI LED refers to light-emitting diodes that have a high color rendering index, which means they can accurately reproduce colors compared to natural light. This technology has gained significant attention in recent years due to its various applications in lighting, including residential, commercial, and industrial sectors.
The global market for high CRI LED is expected to witness substantial growth in the coming years. This can be attributed to several factors:
1. Increasing demand for energy-efficient lighting: High CRI LED lights consume significantly less energy compared to traditional lighting sources such as incandescent bulbs and fluorescent lights. As governments and organizations worldwide focus on reducing energy consumption and carbon emissions, the demand for energy-efficient lighting solutions like high CRI LED is expected to rise.
2. Growing awareness about the benefits of high CRI LED: Consumers are becoming more aware of the advantages of high CRI LED lights, such as improved color accuracy, reduced eye strain, and enhanced visual comfort. This increased awareness is driving the demand for high CRI LED lights in various applications, including residential, commercial, and hospitality sectors.
3. Technological advancements: The continuous advancements in LED technology have led to the development of high CRI LED lights with improved efficiency, longer lifespan, and better color rendering capabilities. These technological advancements are attracting consumers and businesses to adopt high CRI LED lighting solutions.
4. Government regulations and incentives: Many governments worldwide have implemented regulations and incentives to promote the use of energy-efficient lighting solutions. For example, the European Union has banned the sale of incandescent bulbs and encourages the use of LED lights. Such regulations and incentives are expected to drive the demand for high CRI LED lights.
5. Increasing focus on sustainability: With the growing emphasis on sustainability and environmental conservation, businesses and consumers are seeking lighting solutions that have a minimal impact on the environment. High CRI LED lights are considered more sustainable due to their energy efficiency, longer lifespan, and reduced carbon emissions compared to traditional lighting sources.
This report aims to provide a comprehensive presentation of the global market for High CRI LED, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding High CRI LED.
Report Scope
The High CRI LED market size, estimations, and forecasts are provided in terms of sales volume (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global High CRI LED market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the High CRI LED manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Verbatim Americas LLC
Guangzhou Tyanshine Photelectic
Brilliant Lighting Limited
LED Technologies Ltd
Intexs Corporation
CITYLUX TECHNOLOGY
Ivy Bridge Technology
Waveform Lighting, LLC
Signify Holding
Segment by Type
Fluorescent Lamps
Ceiling Lights
Work Lights
Segment by Application
Commercial
Medical
Household
Industrial
Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Netherlands
Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
China Taiwan
Australia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of High CRI LED manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Sales, revenue of High CRI LED in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 7: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 8: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 9: The main points and conclusions of the report.
High CRI LED is a type of lighting that mimics natural light. "Color rendering index" (CRI) refers to a light source's ability to reveal the colors of objects faithfully in comparison with a natural light source. High CRI LEDs are designed to closely match the color fidelity of sunlight.
When objects are illuminated by general LEDs as opposed to natural light, there can be noticeable differences in color perception due to variations in the color rendering index. This index is measured by the average color rendering index (Ra).
An Ra value closer to 100 indicates a color rendition similar to natural light, while a lower Ra value signifies greater deviation from natural light's color perception.
The global High CRI LED market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during the forecast period 2024-2030.
High CRI LED refers to light-emitting diodes that have a high color rendering index, which means they can accurately reproduce colors compared to natural light. This technology has gained significant attention in recent years due to its various applications in lighting, including residential, commercial, and industrial sectors.
The global market for high CRI LED is expected to witness substantial growth in the coming years. This can be attributed to several factors:
1. Increasing demand for energy-efficient lighting: High CRI LED lights consume significantly less energy compared to traditional lighting sources such as incandescent bulbs and fluorescent lights. As governments and organizations worldwide focus on reducing energy consumption and carbon emissions, the demand for energy-efficient lighting solutions like high CRI LED is expected to rise.
2. Growing awareness about the benefits of high CRI LED: Consumers are becoming more aware of the advantages of high CRI LED lights, such as improved color accuracy, reduced eye strain, and enhanced visual comfort. This increased awareness is driving the demand for high CRI LED lights in various applications, including residential, commercial, and hospitality sectors.
3. Technological advancements: The continuous advancements in LED technology have led to the development of high CRI LED lights with improved efficiency, longer lifespan, and better color rendering capabilities. These technological advancements are attracting consumers and businesses to adopt high CRI LED lighting solutions.
4. Government regulations and incentives: Many governments worldwide have implemented regulations and incentives to promote the use of energy-efficient lighting solutions. For example, the European Union has banned the sale of incandescent bulbs and encourages the use of LED lights. Such regulations and incentives are expected to drive the demand for high CRI LED lights.
5. Increasing focus on sustainability: With the growing emphasis on sustainability and environmental conservation, businesses and consumers are seeking lighting solutions that have a minimal impact on the environment. High CRI LED lights are considered more sustainable due to their energy efficiency, longer lifespan, and reduced carbon emissions compared to traditional lighting sources.
This report aims to provide a comprehensive presentation of the global market for High CRI LED, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding High CRI LED.
Report Scope
The High CRI LED market size, estimations, and forecasts are provided in terms of sales volume (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global High CRI LED market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the High CRI LED manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Verbatim Americas LLC
Guangzhou Tyanshine Photelectic
Brilliant Lighting Limited
LED Technologies Ltd
Intexs Corporation
CITYLUX TECHNOLOGY
Ivy Bridge Technology
Waveform Lighting, LLC
Signify Holding
Segment by Type
Fluorescent Lamps
Ceiling Lights
Work Lights
Segment by Application
Commercial
Medical
Household
Industrial
Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Netherlands
Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
China Taiwan
Australia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of High CRI LED manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Sales, revenue of High CRI LED in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 7: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 8: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 9: The main points and conclusions of the report.
Index1 High CRI LED Market Overview
1.1 Product Overview and Scope of High CRI LED
1.2 High CRI LED Segment by Type
1.2.1 Global High CRI LED Market Value Comparison by Type (2024-2030)
1.2.2 Fluorescent Lamps
1.2.3 Ceiling Lights
1.2.4 Work Lights
1.3 High CRI LED Segment by Application
1.3.1 Global High CRI LED Market Value by Application: (2024-2030)
1.3.2 Commercial
1.3.3 Medical
1.3.4 Household
1.3.5 Industrial
1.4 Global High CRI LED Market Size Estimates and Forecasts
1.4.1 Global High CRI LED Revenue 2019-2030
1.4.2 Global High CRI LED Sales 2019-2030
1.4.3 Global High CRI LED Market Average Price (2019-2030)
1.5 Assumptions and Limitations
2 High CRI LED Market Competition by Manufacturers
2.1 Global High CRI LED Sales Market Share by Manufacturers (2019-2024)
2.2 Global High CRI LED Revenue Market Share by Manufacturers (2019-2024)
2.3 Global High CRI LED Average Price by Manufacturers (2019-2024)
2.4 Global High CRI LED Industry Ranking 2022 VS 2023 VS 2024
2.5 Global Key Manufacturers of High CRI LED, Manufacturing Sites & Headquarters
2.6 Global Key Manufacturers of High CRI LED, Product Type & Application
2.7 High CRI LED Market Competitive Situation and Trends
2.7.1 High CRI LED Market Concentration Rate
2.7.2 The Global Top 5 and Top 10 Largest High CRI LED Players Market Share by Revenue
2.7.3 Global High CRI LED Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.8 Manufacturers Mergers & Acquisitions, Expansion Plans
3 High CRI LED Retrospective Market Scenario by Region
3.1 Global High CRI LED Market Size by Region: 2019 Versus 2023 Versus 2030
3.2 Global High CRI LED Global High CRI LED Sales by Region: 2019-2030
3.2.1 Global High CRI LED Sales by Region: 2019-2024
3.2.2 Global High CRI LED Sales by Region: 2025-2030
3.3 Global High CRI LED Global High CRI LED Revenue by Region: 2019-2030
3.3.1 Global High CRI LED Revenue by Region: 2019-2024
3.3.2 Global High CRI LED Revenue by Region: 2025-2030
3.4 North America High CRI LED Market Facts & Figures by Country
3.4.1 North America High CRI LED Market Size by Country: 2019 VS 2023 VS 2030
3.4.2 North America High CRI LED Sales by Country (2019-2030)
3.4.3 North America High CRI LED Revenue by Country (2019-2030)
3.4.4 United States
3.4.5 Canada
3.5 Europe High CRI LED Market Facts & Figures by Country
3.5.1 Europe High CRI LED Market Size by Country: 2019 VS 2023 VS 2030
3.5.2 Europe High CRI LED Sales by Country (2019-2030)
3.5.3 Europe High CRI LED Revenue by Country (2019-2030)
3.5.4 Germany
3.5.5 France
3.5.6 U.K.
3.5.7 Italy
3.5.8 Netherlands
3.6 Asia Pacific High CRI LED Market Facts & Figures by Country
3.6.1 Asia Pacific High CRI LED Market Size by Country: 2019 VS 2023 VS 2030
3.6.2 Asia Pacific High CRI LED Sales by Country (2019-2030)
3.6.3 Asia Pacific High CRI LED Revenue by Country (2019-2030)
3.6.4 China
3.6.5 Japan
3.6.6 South Korea
3.6.7 India
3.6.8 Southeast Asia
3.6.9 China Taiwan
3.6.10 Australia
3.7 Latin America High CRI LED Market Facts & Figures by Country
3.7.1 Latin America High CRI LED Market Size by Country: 2019 VS 2023 VS 2030
3.7.2 Latin America High CRI LED Sales by Country (2019-2030)
3.7.3 Latin America High CRI LED Revenue by Country (2019-2030)
3.7.4 Mexico
3.7.5 Brazil
3.7.6 Argentina
3.8 Middle East and Africa High CRI LED Market Facts & Figures by Country
3.8.1 Middle East and Africa High CRI LED Market Size by Country: 2019 VS 2023 VS 2030
3.8.2 Middle East and Africa High CRI LED Sales by Country (2019-2030)
3.8.3 Middle East and Africa High CRI LED Revenue by Country (2019-2030)
3.8.4 Turkey
3.8.5 Saudi Arabia
3.8.6 UAE
4 Segment by Type
4.1 Global High CRI LED Sales by Type (2019-2030)
4.1.1 Global High CRI LED Sales by Type (2019-2024)
4.1.2 Global High CRI LED Sales by Type (2025-2030)
4.1.3 Global High CRI LED Sales Market Share by Type (2019-2030)
4.2 Global High CRI LED Revenue by Type (2019-2030)
4.2.1 Global High CRI LED Revenue by Type (2019-2024)
4.2.2 Global High CRI LED Revenue by Type (2025-2030)
4.2.3 Global High CRI LED Revenue Market Share by Type (2019-2030)
4.3 Global High CRI LED Price by Type (2019-2030)
5 Segment by Application
5.1 Global High CRI LED Sales by Application (2019-2030)
5.1.1 Global High CRI LED Sales by Application (2019-2024)
5.1.2 Global High CRI LED Sales by Application (2025-2030)
5.1.3 Global High CRI LED Sales Market Share by Application (2019-2030)
5.2 Global High CRI LED Revenue by Application (2019-2030)
5.2.1 Global High CRI LED Revenue by Application (2019-2024)
5.2.2 Global High CRI LED Revenue by Application (2025-2030)
5.2.3 Global High CRI LED Revenue Market Share by Application (2019-2030)
5.3 Global High CRI LED Price by Application (2019-2030)
6 Key Companies Profiled
6.1 Verbatim Americas LLC
6.1.1 Verbatim Americas LLC Corporation Information
6.1.2 Verbatim Americas LLC Description and Business Overview
6.1.3 Verbatim Americas LLC High CRI LED Sales, Revenue and Gross Margin (2019-2024)
6.1.4 Verbatim Americas LLC High CRI LED Product Portfolio
6.1.5 Verbatim Americas LLC Recent Developments/Updates
6.2 Guangzhou Tyanshine Photelectic
6.2.1 Guangzhou Tyanshine Photelectic Corporation Information
6.2.2 Guangzhou Tyanshine Photelectic Description and Business Overview
6.2.3 Guangzhou Tyanshine Photelectic High CRI LED Sales, Revenue and Gross Margin (2019-2024)
6.2.4 Guangzhou Tyanshine Photelectic High CRI LED Product Portfolio
6.2.5 Guangzhou Tyanshine Photelectic Recent Developments/Updates
6.3 Brilliant Lighting Limited
6.3.1 Brilliant Lighting Limited Corporation Information
6.3.2 Brilliant Lighting Limited Description and Business Overview
6.3.3 Brilliant Lighting Limited High CRI LED Sales, Revenue and Gross Margin (2019-2024)
6.3.4 Brilliant Lighting Limited High CRI LED Product Portfolio
6.3.5 Brilliant Lighting Limited Recent Developments/Updates
6.4 LED Technologies Ltd
6.4.1 LED Technologies Ltd Corporation Information
6.4.2 LED Technologies Ltd Description and Business Overview
6.4.3 LED Technologies Ltd High CRI LED Sales, Revenue and Gross Margin (2019-2024)
6.4.4 LED Technologies Ltd High CRI LED Product Portfolio
6.4.5 LED Technologies Ltd Recent Developments/Updates
6.5 Intexs Corporation
6.5.1 Intexs Corporation Corporation Information
6.5.2 Intexs Corporation Description and Business Overview
6.5.3 Intexs Corporation High CRI LED Sales, Revenue and Gross Margin (2019-2024)
6.5.4 Intexs Corporation High CRI LED Product Portfolio
6.5.5 Intexs Corporation Recent Developments/Updates
6.6 CITYLUX TECHNOLOGY
6.6.1 CITYLUX TECHNOLOGY Corporation Information
6.6.2 CITYLUX TECHNOLOGY Description and Business Overview
6.6.3 CITYLUX TECHNOLOGY High CRI LED Sales, Revenue and Gross Margin (2019-2024)
6.6.4 CITYLUX TECHNOLOGY High CRI LED Product Portfolio
6.6.5 CITYLUX TECHNOLOGY Recent Developments/Updates
6.7 Ivy Bridge Technology
6.6.1 Ivy Bridge Technology Corporation Information
6.6.2 Ivy Bridge Technology Description and Business Overview
6.6.3 Ivy Bridge Technology High CRI LED Sales, Revenue and Gross Margin (2019-2024)
6.4.4 Ivy Bridge Technology High CRI LED Product Portfolio
6.7.5 Ivy Bridge Technology Recent Developments/Updates
6.8 Waveform Lighting, LLC
6.8.1 Waveform Lighting, LLC Corporation Information
6.8.2 Waveform Lighting, LLC Description and Business Overview
6.8.3 Waveform Lighting, LLC High CRI LED Sales, Revenue and Gross Margin (2019-2024)
6.8.4 Waveform Lighting, LLC High CRI LED Product Portfolio
6.8.5 Waveform Lighting, LLC Recent Developments/Updates
6.9 Signify Holding
6.9.1 Signify Holding Corporation Information
6.9.2 Signify Holding Description and Business Overview
6.9.3 Signify Holding High CRI LED Sales, Revenue and Gross Margin (2019-2024)
6.9.4 Signify Holding High CRI LED Product Portfolio
6.9.5 Signify Holding Recent Developments/Updates
7 Industry Chain and Sales Channels Analysis
7.1 High CRI LED Industry Chain Analysis
7.2 High CRI LED Key Raw Materials
7.2.1 Key Raw Materials
7.2.2 Raw Materials Key Suppliers
7.3 High CRI LED Production Mode & Process
7.4 High CRI LED Sales and Marketing
7.4.1 High CRI LED Sales Channels
7.4.2 High CRI LED Distributors
7.5 High CRI LED Customers
8 High CRI LED Market Dynamics
8.1 High CRI LED Industry Trends
8.2 High CRI LED Market Drivers
8.3 High CRI LED Market Challenges
8.4 High CRI LED Market Restraints
9 Research Finding and Conclusion
10 Methodology and Data Source
10.1 Methodology/Research Approach
10.1.1 Research Programs/Design
10.1.2 Market Size Estimation
10.1.3 Market Breakdown and Data Triangulation
10.2 Data Source
10.2.1 Secondary Sources
10.2.2 Primary Sources
10.3 Author List
10.4 Disclaimer
Published By : QY Research
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