Canada LED Lighting Market 2024-2030

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    CANADA LED LIGHTING MARKET

     

    INTRODUCTION

    Light-emitting semiconductor devices are known as LEDs (Light Emitting Diodes). The newest development in residential and commercial lighting is LED lighting.

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    Compared to incandescent bulbs, they are far more durable, use less energy, convert more light into electricity, and emit less heat. Many LED lights have a rated lifespan of 15,000 hours and consume about 80% less energy than halogen bulbs.

     

    Electroluminescence in a semiconductor substance is how LEDs produce light. When an electric current or electric field is transmitted through a material, the phenomenon known as electroluminescence occurs.

     

    This occurs when electrons are sent through the material and fill electron holes, causing the substance to emit light. Where an atom is negatively charged (lacking electrons) and has a positive charge as a result, there is an electron hole.

     

    To produce and regulate the quantity of electron holes, semiconductor materials like germanium or silicon can be “doped.” Doping is the process of adding more components to a semiconductor material to modify certain aspects of it. A semiconductor can produce two different types of semiconductors in the same crystal by doping. 

     

    CANADA LED LIGHTING MARKET SIZE AND FORECAST

     

    The Canada LED lighting market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.

     

    CANADA LED LIGHTING MARKET MARKET DYNAMICS

    The project to upgrade 37,000 fixtures to LED luminaires with smart controls has received approval from the City of Laval. The $34.5 million, three-year programme will be carried out by Dimonoff and Pierre Brossard Ltée, a Black & McDonald subsidiary.

     

    Millions of dollars should be saved annually as a result of this conversion, primarily in maintenance and energy costs. The switch to LEDs is also consistent with Laval’s “Urban by Nature” strategic vision, which aims to make it a leader in environmentally friendly urban redevelopment.

     

    This project is timely because a sizable portion of the lighting network needs to be replaced because it has reached the end of its useful life. Since 30% of all luminaires in Canada have been converted to LEDs as of this writing, Laval is following in the footsteps of other progressive Canadian cities that have adopted this cutting-edge technology and intelligent control system.

     

    CANADA LED LIGHTING MARKET NEW PRODUCT LAUNCH

    For the United States and Canada, SloanLED introduces Symphony Area Light, a vibrant addition to the Symphony Series of architectural lighting fixtures. A Symphony Area Light delivers excellent performance and uniformity for greater pole spacing and lower power density while blending in seamlessly with the architectural landscape thanks to its three housing sizes and four modular in-field, interchangeable mounting options.

     

    Type II, III, IV, and V optics are all available for Symphony Area Light. The IP66-rated fixture has all the options to fit any project, including 60, 100, 150, 200, and 300 wattages; 3000, 4000, and 5000 K colour temperatures; and autonomous motion and daylight controls. It offers up to 50,000 lumens and 171 lm/W.

     

    The LittleOnes is a new lighting item from LED manufacturer USAI Lighting that stands out for its diminutive size and substantial power.

     

    The newly released product is reportedly the first assortment of tiny, architectural-grade recessed ceiling-light fixtures that can produce over 1000 lumens and are installed and maintained from below the ceiling. The LED lights can be used in residences, workplaces, and public areas.

     

    All of the fixtures in the LittleOnes line have apertures that are less than one inch wide. Features include adjustable and dimmable lights, square and round wall wash options, ceiling to floor wall wash from a less than one-inch aperture, and a five-part optical system. A 100 square foot area is lit by four fixtures.

     

    COVID-19 IMPACT ON CANADA LED LIGHTING MARKET

    The COVID-19 epidemic has had a significant effect on the Canadian LED lighting sector. Due to the lockdown measures they enacted; Canada has been impacted. Launches of residential projects have been delayed as a result, which has decreased light sales.

     

    Additionally, the hospitality and travel industries have been impacted by the restrictions on intercity and interstate travel imposed by the governments of several nations, which has decreased demand for LED lighting.

     

    The new UVC LED light from NexNord Inc., based in Brantford, Ontario, Canada, kills 99.99% of all viruses and bacteria. In order to successfully kill the SARS-CoV-2 (Covid-19) virus by inactivating the virus’s RNA, which prevents them from replicating and effectively kills or inactivates them, the company has now developed “state of the art” UVC light fixtures.

     

    Originally, the technology was developed to address the horticultural market to improve the growth and quality of plants as well as cannabis plants in any indoor cultivation environment, including greenhousing.

     

    Additionally, mould and mites that can harm or kill plants are killed by UVC LED light. Additionally, LED lighting significantly lowers the overall energy costs of any indoor cultivation. NexNord engineers immediately concentrated their efforts on gathering data and testing UVC LED lights on the Coronavirus after the COVID-19 virus struck early last year.

     

    CANADA LED LIGHTING MARKET COMPANY PROFILE

     

    THIS CANADA LED LIGHTING MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS

    1. What is the average cost per Canada LED lighting market right now and how will it change in the next 5-6 years?
    2. Average cost to set up a LED lighting market in Canada?
    3. How many Canada LED lighting market are manufactured per annum globally? Who are the sub-component suppliers in different regions?
    4. What is happening in the overall public, globally?
    5. Cost breakup of a Canada LED lighting market and key vendor selection criteria
    6. Where is the Canada LED lighting market manufactured? What is the average margin per equipment?
    7. Market share of Canada LED lighting market manufacturers and their upcoming products
    8. The most important planned Canada LED lighting market in next 2 years
    9. Details on network of major Canada LED lighting market and pricing plans
    10. Cost advantage for OEMs who manufacture Canada LED lighting market in-house
    11. 5 key predictions for next 5 years in Canada LED lighting market
    12. Average B-2-B Canada LED lighting market price in all segments
    13. Latest trends in Canada LED lighting market, by every market segment
    14. The market size (both volume and value) of Canada LED lighting market in 2024-2030 and every year in between?
    15. Global production breakup of Canada LED lighting market, by suppliers and their OEM relationship
    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2024-2030
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030
    19 Market Segmentation, Dynamics and Forecast by Application, 2024-2030
    20 Market Segmentation, Dynamics and Forecast by End use, 2024-2030
    21 Product installation rate by OEM, 2023
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2023
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix
     
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