Global LED Panel Light Market Driven by Design Flexibility, Greater Controllability and High Illumination

LED panel lights represent a modern and efficient lighting system which require low energy and maintenance. Either fitted in or suspended from ceilings, these lights provide better illumination and control than other ceiling lights. They provide various other advantages to users as they are more energy efficient than conventional lighting systems, have more colour options, better usability, flexible designs, etc. They are also more sturdy and long lasting than incandescent or CFL panel lights, as a result of which they are better suited in spaces where frequent replacements and maintenance are not a feasible option. Owing to their versatile designs and features, LED panel lights are gaining prominence as an indoor lighting option. Some other factors driving the growth of the global LED panel light market include an increasing awareness regarding the use of LED lights, a push for greener technologies and the ban on inefficient lighting solutions by the governments of various countries.

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LED panel lights: diverse applications

As LED panel lights offer better lighting, control and durability, they are increasingly becoming a preferred option for indoor lighting. Most of the LED lighting systems are currently being used in retrofitting of old buildings. They also consume less energy and provide better illumination, as a result of which they are used in offices, conference halls, hospitals and laboratories. Their design and frame material also increase their aesthetic value and make them suitable for use in spaces where appearances are of importance. Their superior brightness control increases their usability in places such as hotels, showrooms, malls and restaurants.

Popular shapes and design materials

LED panel lights are versatile as they come in various shapes. Some of the most preferred shapes include - LED Panel Light Box Series (Square), LED Panel Light Slim Series (Round), LED Panel Light Slim Series (Square) and LED Panel Light Slim Series (Rectangular).

The materials used for these panels provide durability and heat dissipation along with superior designs. Extruded Aluminium Frame, Steel Sheet Frame, Plastic Sheet Frame, Steel Sheet Frame Coated with White Powder, Metallized or White Reflector and Clear or Matted Lens are some of the most popular design materials available in the market.

China represents the leading region

Currently, China represents the world’s largest market for LED based lighting products and accounts for more than a fifth of the global LED market. It is followed by Europe, North America, Asia Pacific (excluding China and Japan), Japan, Middle East & Africa and Latin America.

There are numerous global and local players operating in this market. Some of the key players with a global presence are Nichia, Lumileds, Osram, Cree, Samsung Electronics, Seoul Semiconductor, Everlight Electronics, Epistar and LG Innotek.

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