Chip On Board Light Emitting Diode Market 2022
Growing demand for the energy efficient lighting techniques with low costs is helping the Chips on Board (COB) light emitting diode market to gain a consistent market share. Developing infrastructures, government initiatives, demand for energy efficient products and urbanization are some of the factors resulting in the growth of this market.
Get Sample Copy of this Report@https://www.persistencemarketresearch.com/samples/10747
Conventional lighting systems are very costly with poor lighting source, thus this is helping in the growth of COB LED market. COB LED technology provides features such as high intensity output, cost-effective lighting and low power consumption. Currently, this market is having less shares in the lighting market, but in less time it will gain large market shares, as the market is at growing stage.
In the global market APAC holds the maximum share for this market, followed by Europe and U.S… Countries like Taiwan, Japan and China are the main contributors in terms of manufacturing and use to the overall market.
Government support in many countries for energy efficient technologies, slim & flat design, better color mixing and longer life span are some of the major driving forces for this market. And higher prices and complex manufacturing process are some of the restraints at current situation for this market. These restraints will be solved as the companies achieve economies of scale over a period. Thus cost saving is a good opportunity foe the market players including advancements in design front.
Request for Table of Content@https://www.persistencemarketresearch.com/toc/10747
Market Segmentation
basis of applications
illumination
automotive
backlighting and others consisting of medical equipment
projectors
others
basis of geography
North America
Europe
APAC
RoW.
Osram Opto Semiconductors GmbH, Perkinelmer, Citizen Electronics Co. Ltd., Cree Inc., Seoul Semiconductor Co. Ltd., GE Lighting, Enlux Lighitng, EMTEQ, Prophotonix, Cooper Lighting, LumiShoreLtd., Philips Lumileds Lighting Co., Samsung Electronics Co. Ltd., Leiso Lighting Tech. Ltd. and Luminage among others are some of the major key players in COB LED market.
Buy Now@https://www.persistencemarketresearch.com/checkout/10747
About us: –
Persistence Market Research (PMR), as a 3rd-party research organization, does operate through an exclusive amalgamation of market research and data analytics for helping businesses ride high, irrespective of the turbulence faced on the account of financial/natural crunches.
Contact Us:
Persistence market research
Address – 305 Broadway, 7th Floor, New York City, NY 10007 United States
U.S. Ph. – +1-646-568-7751
USA-Canada Toll-free – +1 800-961-0353
Sales – sales@persistencemarketresearch.com