LED tube lights form a part of LED fixtures segment which is growing at a robust pace. These lights offer numerous advantages over their traditional counterparts. As a result, they are swiftly replacing fluorescent and incandescent lights in the commercial and residential sectors. Furthermore, the construction of green buildings and retrofitting of existing buildings have helped in augmenting the demand for LED tube lights.
LED lights have greatly contributed to the global lighting sector in the recent past. With growing emphasis on minimum energy consumption, environmental concerns, greenhouse gas emissions and cost effectiveness, LEDs have become an ultimate energy and cost efficient lighting solution. A new report released by IMARC Group titled “LED Tube Light Market – Industry Trends, Manufacturing Process, Plant Setup, Machinery, Raw Materials, Cost and Revenue” extensively discusses the LED industry with an acute emphasis on the global LED tube light market. LED tube lights form a part of LED fixtures segment which is currently growing at a CAGR of around 50%, reaching a volume of 517 Million units in 2015. LED tube lights provide an energy efficient solution for linear tube lighting and are rapidly replacing the fluorescent tube lights in commercial as well as the residential sector. They are preferred over their traditional counterparts due to many reasons. LED tube lights not only have an exquisite design but are also easy to set up as they are light in weight. They require no warm up time and are not affected by frequent switching due to which they work perfectly with control systems. They offer an extended life span and are directional, provide better lighting effects and require little to no maintenance. Although LED tube lights may be more expensive than a normal tube light, they consume very little energy as compared to a normal tube light.
Read full report TOC : http://www.imarcgroup.com/led-tube-light-manufacturing-plant
This report has segmented the market on the basis of key application areas. LED tube lights are mainly used in offices, conference rooms, showrooms and malls, homes, departmental stores and boutiques, warehouses and parking houses, hospitals, laboratories, etc. The study further finds that with the construction of new green buildings and retrofitting of existing buildings, the demand for LED fixtures is currently on the rise, thereby expanding the tube light market. The report has also provided the market analysis based on key regions which include China, Europe, North America, Asia Pacific, Japan, Middle East, Africa and Latin America. The study concludes that the market is highly competitive and the new entrants have to compete with the existing players to sell their product in the market.
This report has provided a detailed technical insight on setting up and operating a LED tube Light manufacturing plant. It contours all the prerequisites of the LED tube light industry and provides a comprehensive analysis of the market, industry performance, processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. In order to provide a clearer picture, the report has also presented this information in the form of a dynamic excel model where users can analyse the entire information and also change various inputs according to their requirements. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the LED tube light market in any manner.
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