LED Encapsulation is a process employed to protect semiconductor devices such as light emitting diodes (LEDs). The encapsulation material is often some type of plastic, ceramic or epoxy, which is used to surround and cover the delicate electrics of the LED, shielding them from things such as dirt, moisture, and pressure. By doing this, an LED’s lifespan is increased, and its performance, such as light output and color, is maintained.
LED encapsulation has become an increasingly popular industry, particularly in recent years as LED technology has become more widely used for lighting and signage, and manufacturers continue to innovate and discover new uses for the technology. With LED usage in general advancing and becoming the go-to in terms of illumination, the growth in LED encapsulating is expected to continue. This is mainly due to the fact that most LED applications require some kind of encapsulation in order to work properly and produce the desired effects.
On a global scale, the LED encapsulation industry is expected to grow significantly, with a major emphasis on LED technology in automotive, agriculture, urban lighting, medical, and illumination applications. The global LED Encapsulation market size was valued at $3 billion in 2018 & is expected to reach $5.19 billion by 2026, with a CAGR of 6.5% from 2019 to 2026. The demand for LEDs in commercial spaces as well as households are possible to drive market growth. This, coupled with the advent of smart led applications and favorable government regulations, is expected to bring unprecedented growth to the global LED encapsulation market.
The global LED Encapsulation market was valued at US$ 2040.2 million in 2022 and is anticipated to reach US$ 2693.5 million by 2029, witnessing a CAGR of 4.0% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
A detailed market research report on Global LED Encapsulation Market available at: https://www.themarketreports.com/report/global-led-encapsulation-market-research-report
This report aims to provide a comprehensive presentation of the global market for LED Encapsulation, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding LED Encapsulation.
The major global companies of LED Encapsulation include DuPont, Shin-Etsu Chemical, Momentive, Henkel, Nagase, H.B. Fuller, Wacker Chemie AG, Nitto Denko Corporation, Nusil, Hitachi Chemical, Quantum Silicones (CHT), SolEpoxy, Epic Resins, CHT Group etc. In 2021, the world’s top three vendors accounted for approximately % of the revenue.
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