Global Filament Led Bulb Market
Filament LED Bulb Market Size And Forecast
According to Verified Market Research, The Global Filament LED Bulb Market was valued at USD 1,063.8 Million in 2018 and is projected to reach USD 6,395.9 Million by 2026, growing at a CAGR of 25.88% from 2019 to 2026.
Global Filament LED Bulb Market Outlook
With increasing urbanization comes changing norms such as rising incomes in developing regions as well as developments in demographics such as smaller household sizes and establishment of restaurants and business spaces. Urbanization provides increased access to better facilities, leading to the potential for the growth of the filament LED bulb market as a result of the increasing rate of urbanization and as a result, awareness. However, the lack of adequate understanding of the technical parameters of filament LED bulbs & cost may hinder the growth of the market during the forecast period.
Global Filament LED Bulb Market, Competitive Landscape
The Global Filament LED Bulb market is highly fragmented with the presence of a large number of manufacturers globally. Some of the major players include Brighttech Ambience, Factorylux, GE, Megaman, Osram, Philips, Sylvania, UKLED, Verbatim, and Seoul Semiconductor.
General Electric is one of the top five players for the Global Filament LED Bulb market.
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