Light Engine Market Growing on Account of Favorable Government Policies and Rising Investment

ALBANY, USA, 2018-Jun-20 — /EPR Network/ —A new detailed study titled “Light Engine Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026” has recently been submitted to the repository of Market Research Reports Search Engine (MRRSE). According to the research, the light engine market is likely to grow at a CAGR of 9.6% during the assessment period.

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According to the research study, the light engine market is likely to be driven by growing emphasis on energy efficiency and favorable government policies. Governments around the world are focusing on increasing the energy efficiency, and this is likely to provide an impetus to growth during the assessment period.

In addition to highlighting the key growth factors in the market, the business intelligence study also offers in-depth analysis and insights on the key restraining factors in the light engine market. An analysis on the opportunities and trends in the market has also been offered for the perusal of the readers.

In a bid to offer detailed segment-wise analysis and insights on the light engine market, the report offers segment-wise analysis. The report segments the global light engine market into form, application and region. The form segment is further bifurcated into flexible and rigid. The rigid type is divided into round, linear and others. The application segment is sub-segmented into industrial, residential commercial and others. Geographically, the market is divided into key regions globally which are North America, Europe, Latin America, Asia Pacific, Middle East and Africa.

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According to the research study, North America will continue to be one of the leading markets for light engine market. The light engine market in the region will be driven by growing government support for energy-efficient lighting. In addition to North America, Asia Pacific is also likely to be one of the leading markets for light engine market during the assessment period. The Asia Pacific light engine market is likely to be driven growing investment in China and India. These factors are likely to provide an impetus to growth during the assessment period.

The report also offers in-depth analysis and insights on the competitive landscape in the market. According to the study, some of the leading players in the market are Cree Inc.  OSRAM Licht Group, Tridonic, Philips Lighting Holdings B.V., Fulham Co., Inc., General Electric Company, Fusion Optix, Inc., MaxLite, Inc., Thomas Research Products and RS Components Pty Ltd.

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