A new report by IMARC Group provides a detailed analysis of the global LED panel light market. A variant of LED fixtures, LED panel lights are slim panels of LEDs that come in a variety of shapes, sizes, and colors. They have flexible designs and can either be fitted in walls or overhead cavities or suspended from ceilings. These lights have higher durability, longer usability span, and offer better lighting control and higher illumination than conventional sources of lighting such as incandescent or fluorescent lights. As the light emitted by LEDs can be too dazzling, LED panel lights come fitted with diffusers that help provide uniform and glare-free light. They also represent an energy-efficient and environment-friendly lighting source as they consume less than half of the energy used by fluorescent lights and contain no toxic materials.
The report has analyzed the market based on frame design and materials used for the manufacturing of LED panel lights. Some of the frames covered in the report include Steel Sheet Frame, Extruded Aluminium Frame, Steel Sheet Frame Coated/Finished with White Powder, Plastic Sheet, and Metallized or White Reflector. The report has further segmented the market based on geography. North America, Europe, Middle East, Latin America, Africa China, Japan, and Asia Pacific (excluding China and Japan) represent some of the key regions covered in the report. The report has also examined the competitive landscape of the market and finds that it is highly competitive with a large number of global and local players.
The report provides a detailed roadmap for setting up a LED panel light manufacturing plant. The study covers all the essential aspects of the LED panel light market. This ranges from a comprehensive view of the market to minute details of the industry performance, processing, and manufacturing requirements, project cost, project funding, project economics including, expected returns on investment, profit margins, etc. The report also provides SWOT, Value Chain, and Porter’s Five Forces analysis. 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 panel light industry in any manner.