The filament LED Bulb market is expected to grow from US$ 1433.19 million in 2021 to US$ 6621.39 million by 2028; it is estimated to grow at a CAGR of 24.4% from 2021 to 2028.
Rising awareness about advantages of filament LED bulbs is attributing to the growth of the market. Previously, LED light sources such as COB plug patches and integrated high-power LED lamps could only be used as a plane light source in optical devices without lenses, but the LED filament broke through this barrier, and the porous metal substrate single crystal welding technology truly realized 360 degrees of solid light source, avoiding the influence of light plus lens effect and optica. Instead of using traditional blue and green phosphors to raise the brightness of the process, the blue + red chip package is used to create the conventional lighting effect and improve the light efficiency and brightness through filament LED bulbs. Used Grow Light Sale
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Rising Awareness about Advantages of Filament LED Bulbs Drives Market Growth
LED light sources such as COB plug patches and integrated high-power LED lamps could only be used as a plane light source in optical devices without lenses. However, the LED filament bulbs have broken this barrier, and the porous metal substrate single crystal welding technology truly realized 360 degrees of solid light source, avoiding the influence of light plus lens effect and optica. Instead of using traditional blue and green phosphors to raise the brightness in the process, the blue + red chip package is used to create the conventional lighting effect as well as to improve light efficiency and brightness through filament LED bulbs.
Additionally, compared to other LED lamps, LED filament lamps primarily use sapphire substrates and wicks instead of nonrenewable aluminum and nonbiodegradable plastic. As per the present trends, mainstream models are often just 25, 28, 32 chip packages, compared to the same number of common packages, the use of LED chip is also less, resulting in a cheaper overall cost than usual LEDs. The rising awareness about the abovementioned benefits of filament LED bulbs through constant marketing and advertisements campaigns by manufacturers is influencing the adoption of the same for lighting purposes, which contributing to the growth of the market.
Filament LED bulb market is receiving high momentum across the world. Surge in product innovations and launches coupled with high expansion strategies is influencing the growth of the market. Rapid industrialization and urbanization across the globe is boosting the construction of residential places and commercial places such as restaurants, cafes, bars, and office complexes. These new constructions, coupled with rise in spending by the owners to offer an aesthetic environment across the same, are influencing the filament LED bulb manufacturers to constantly renovate and launch new products for offering their customers more options to select from.
A few such recent product development are mentioned below:
Thus, the above-mentioned initiatives are expected to fuel the growth of the filament LED bulb market over the forecast period.
The global filament LED bulb market has been segmented into five major regions: North America, Europe, APAC, MEA, and SAM. North America holds the dominant share in the filament LED bulb market, whereas APAC is expected to be the fastest-growing region in the global market. LED product installations increased in all applications across the region from 2016 to 2018, approximately doubling to 2,325 million units, or 30% of total general illumination lights. A-type lamps now account for nearly half of all LED lighting installations, with a 32.9% installed penetration in this application. Decorative lamps now have the lowest installed LED penetration, though this has increased from 7.9% to 16% between 2016 and 2018. Although LEDs have a higher penetration rate in outdoor lighting (51.4%) than indoor lighting (29.8%), total LED installations in indoor applications are significantly higher (2.2 billion vs 100 million), thereby, propelling the growth of the filament LED bulb market across North America.
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