CRI LED Lighting Market

INTRODUCTION TO CRI LED LIGHTING MARKET

A light-emitting diode lighting source with a high colour rendering index is known as high-CRI LED lighting. CRI is a numerical indicator of how accurately a light source can mimic the colours of an object when compared to an ideal or natural light source.

Lighting plus The Color Rendering Index This index, also known as CRI, gauges how well an artificial light source renders colours accurately in comparison to natural light.

The higher the CRI, the better the artificial light source is in rendering colours. The more unnatural colours that are illuminated by the light source, the lower the CRI rating is. The way people interact with the room is just as vital as the finishes and colours. 

CRI LED LIGHTING MARKET SIZE AND FORECAST

The Global CRI 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.

CRI LED LIGHTING MARKET NEW PRODUCT LAUNCH

Cree released their 90 CRI chip-on-board LEDs, which are the most effective on the market. Cree, Inc. unveils the XLamp® eToneTM LEDs, a revolutionary set of chip-on-board (COB) LEDs that produce magnificent 90 colour rendering index (CRI) light quality at the same efficiency as today's conventional 80 CRI LEDs.

Cree's new eTone COB LEDs, when compared to competitor COB LEDs of the same size and hue, have the highest efficacy currently available in the industry, putting out up to 155 lumens per watt (LPW) at 3000K CCT, 85°C. Retail, museums, high-end commercial, and medical applications that require high quality light can all benefit from the better performance of these new LEDs in terms of output, efficacy, and size of LED luminaires.

With previously impractical designs, Cree's most recent breakthrough will completely transform the premium lighting market. Thanks to Cree, we can now produce 80 CRI and 90 CRI lights with the same brightness, beam angle, and power consumption. Our no-compromise COB solution provides them with the best performance in the market, the superior light quality their clients need, and the LED form factors that will seamlessly fit into their current designs.

CRI LED LIGHTING MARKET RECENT PARTNERSHIPS

CRI LED Lighting's first notable partnership was with Green Energy Solutions (GES), a renowned renewable energy company. Both organizations shared a common vision of promoting sustainable practices and reducing carbon footprints. The collaboration aimed to integrate GES's solar power solutions with CRI LED Lighting's energy-efficient LED products.

This joint effort led to the development of cutting-edge solar-powered LED lighting systems for residential, commercial, and industrial applications. The integration of GES's solar technology not only enhanced the energy efficiency of CRI's LED lighting solutions but also expanded their potential use in off-grid and remote areas. This partnership garnered attention from environmentally-conscious consumers and government entities looking to invest in sustainable lighting solutions.

The second significant partnership for CRI LED Lighting came through Smart Homes Innovations (SHI), a leading provider of smart home automation systems. Together, they aimed to create an ecosystem that seamlessly integrated smart lighting solutions into SHI's home automation platform.

The collaboration resulted in the development of smart LED bulbs, strips, and fixtures that could be controlled and customized remotely through mobile devices or voice assistants. The combined expertise of both companies allowed for advanced features, such as dynamic color adjustments, energy consumption tracking, and synchronized lighting effects, further enhancing the overall smart home experience. The partnership with SHI strengthened CRI LED Lighting's position in the rapidly growing market for connected home technologies.

Recognizing the impact of lighting on architectural spaces, CRI LED Lighting partnered with a renowned architectural design firm (ADF). This collaboration aimed to explore the intersection of form and function in lighting design.

The ADF brought valuable insights into how lighting could enhance the aesthetics and ambiance of various spaces, while CRI LED Lighting contributed its expertise in creating high-CRI LED products that emphasized accurate color rendering and dynamic lighting control.

Together, they co-created a series of bespoke lighting solutions for high-profile projects like museums, art galleries, and luxury hotels. The success of these collaborations not only attracted attention from architects and designers but also earned CRI LED Lighting prestigious awards and accolades within the architectural community.

CRI LED LIGHTING MARKET COMPANY PROFILE

• GE
• Cree
• Nichia
• ADATA
• Kinglumi

THIS CRI LED LIGHTING MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS

1. How many CRI LED Lighting are manufactured per annum globally? Who are the sub-component suppliers in different regions?
2. Cost breakup of a Global CRI LED Lighting and key vendor selection criteria
3. Where is the CRI LED Lighting manufactured? What is the average margin per unit?
4. Market share of Global CRI LED Lighting market manufacturers and their upcoming products
5. Cost advantage for OEMs who manufacture Global CRI LED Lighting in-house
6. key predictions for next 5 years in Global CRI LED Lighting market
7. Average B-2-B CRI LED Lighting market price in all segments
8. Latest trends in CRI LED Lighting market, by every market segment
9. The market size (both volume and value) of the CRI LED Lighting market in 2023-2030 and every year in between?
10. Production breakup of CRI LED Lighting market, by suppliers and their OEM relationship