LED Kits Market 2022
LED kits are simple semiconductor that blocks the flow of electrical current in one direction and allows it in other direction. The LED kits do not require any modification for installation and they are 100 percent ready to plug and play. The benefits of using these kits is that it can be up to 80% more efficient in producing light than ordinary bulbs. The LED kits contain no mercury, they produce very little heat and they can produce enormous amount of light.
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These kits are configured in the form of thin, flexible printed circuit boards (PCB), with resistors attached to it. These LED kits are available in different variations such as very less bright configuration suitable for accent lighting and another very bright configuration to light an entire room.
Moreover, these LED kits can also be configured for any color or usable wavelength, desirable for any business project or residential purpose. In addition, the LED kits can also be made to change color using a RGB controller or a tri-chip. Hence the LED kits can create a combination of million colors using the three basic colors.
Key Players:
The report has profiled some of the important players prevalent in the global like – Lumileds Holding B.V., Cree Lighting, LEDtronics, Inc., My Sunlight, Amtech Systems, Inc., LSI Industries Inc., Revolution Lighting Technologies, Inc., Orion Energy Systems, Inc., Energy Focus, Inc., Vishay Intertechnology, Inc., Super Bright LEDs Inc., Phillips Lighting Holding BV and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the LED Kits.
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LED Kits Market: Drivers and Restraints
Increasing awareness among users about the longer lifespan of LED kits is driving the growth of the market
Initially LED kits were used only for certain specific purposes, and had not entered into the main stream applications. But now with the increasing usage of these kits in LED displays, digital signage or large screens, the market is growing significantly.
The LED kits market has also gained momentum from the emergence of LED kits in general lighting solutions. Moreover, considering the longevity of LED kit’s life span, the total cost incurred on them is less compared to those of CFL’s. Thus the LED kits market is expected to surpass the CFL market in coming period. Thus it is a crucial factor driving the growth of the LED kits market.
Increasing government expenditure on public infrastructure is anticipated to propel the growth of the LED kits market
Furthermore, customers can choose from the fully assembled LED kits or components only. Wherein the customers can prepare LED kits on their own, with the video tutorials, step-by-step instructions and wiring schematics provided with the DIY (Do It Yourself) kits.
LED kits are one of the most energy efficient lighting sources, thus users have started replacing their current lighting applications with these kits to reduce the massive pool of energy usage. Thus it is another factor fuelling the growth of the LED kits market.
However, LED kits require more precise heat and electricity management than other lighting solutions and initial cost of these kits is somewhat higher than other solutions. Thus these are the major factors hindering the growth of the LED kits market.
LED Kits Market: Segmentation
Type – Single Color LED kits, Dynamic Tunable white LED kits, RGB color changing LED kits
Application – Residential, Architectural, Commercial, Industrial
Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)
Key Stakeholders
LED Kits Market Manufacturers
LED Kits Market Distributors/Traders/Wholesalers
LED Kits Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Key Questions Answered in This Report.
- What will the Market growth rate in Future?
- What are the key factors driving the global Market?
- Who are the key manufacturers in Market space?
- What are the opportunities and threats faced by the vendors in the global industry?
- What are sales, revenue, and price analysis by regions of industry?
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