The Brazil LED Lighting Market is expected to grow at a CAGR of around 12% during the forecast period, i.e., 2024-30. Most of the market expansion would be driven by the rapidly growing government focus on the country's infrastructural development, demonstrating a peaking number of construction activities.
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Top leading companies in the Brazil LED Lighting Market includes:
Cree Inc., Philips do Brasil Ltda (Now Signify), GE Lighting, OSRAM Comércio de Soluções de Iluminação Ltda., Samsung Electronics of Amazonia Ltda., Panasonic do Brasil Ltda, Vishay Semi-Conductors Inc., ROHM Semiconductor do Brasil, Hitec Industry Co., Limited, Zumtobel Lighting GmbH, Others.
Brazil LED Lighting Market Trends:
Increasing demand for energy-efficient lighting solutions: The market is majorly driven by growing awareness about the environmental benefits of LED lighting, when compared to conventional lighting options such as incandescent and fluorescent lamps, resulting in LED lighting being more economical and environment-friendly lighting alternative.
Government programmes to promote energy-efficient lighting: The government is working more assiduously to promote energy-efficient lighting products, including tax incentives and subsidies, in order to advance the country towards becoming more energy-efficient.
Declining Prices for LED lighting products: Over the past few years, LED product prices have been falling. This is due to escalating rivalry in the market for LED lighting products and the economies of scale that LED producers have attained. The demand for these LED lighting products is being fueled by the reduced price of products making them more accessible to customers.
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Report Segmentation:
The market is categorized into the following segments in the report:
By Product Type
-Lamp- Market Size & Forecast 2019-2030, USD Million
-A Lamps- Market Size & Forecast 2019-2030, USD Million
-T Lamps- Market Size & Forecast 2019-2030, USD Million
-Others- Market Size & Forecast 2019-2030, USD Million
Luminaire
-Streetlights - Market Size & Forecast 2019-2030, USD Million
-Downlights- Market Size & Forecast 2019-2030, USD Million
-Troffers- Market Size & Forecast 2019-2030, USD Million
-Others- Market Size & Forecast 2019-2030, USD Million
By Application
-Indoor Lighting- Market Size & Forecast 2019-2030, USD Million
-Agricultural Lighting- Market Size & Forecast 2019-2030, USD Million
-Commercial- Market Size & Forecast 2019-2030, USD Million
-Industrial and Warehouse- Market Size & Forecast 2019-2030, USD Million
-Residential- Market Size & Forecast 2019-2030, USD Million
-Outdoor Lighting- Market Size & Forecast 2019-2030, USD Million
-Public Places- Market Size & Forecast 2019-2030, USD Million
-Streets and Roadways- Market Size & Forecast 2019-2030, USD Million
-Garden & Parks- Market Size & Forecast 2019-2030, USD Million
By Installation Type
-New Installation- Market Size & Forecast 2019-2030, USD Million
-Retrofit- Market Size & Forecast 2019-2030, USD Million
By Sales Channel
-Offline Retail- Market Size & Forecast 2019-2030, USD Million
-Distributors- Market Size & Forecast 2019-2030, USD Million
-Direct Sales- Market Size & Forecast 2019-2030, USD Million
-Online- Market Size & Forecast 2019-2030, USD Million.
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Brazil LED Lighting Market Geographic Reach:
The Geographic Reach of the Brazil LED Lighting Market evaluates the spread and significance of Brazil LED Lighting market consumption across different regions/country, emphasizing areas with the largest market size and the most promising growth potential.
· Bahia, Rio de Janeiro, Sao Paulo, Rio Grande do Sul, Minas Gerais, Rest of Brazil.
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