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Analysis on Impact of COVID-19 – LED Lighting Market in Brazil 2020-2024 | Evolving Opportunities with ABB Ltd. and Cree Inc. | Technavio

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The LED lighting market in Brazil is expected to grow by USD 3.16 billion as per Technavio. This marks a significant market slow down compared to the 2019 growth estimates due to the impact of the COVID-19 pandemic in the first half of 2020.

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Technavio has announced its latest market research report titled LED Lighting Market in Brazil 2020-2024 (Graphic: Business Wire)

Technavio has announced its latest market research report titled LED Lighting Market in Brazil 2020-2024 (Graphic: Business Wire)

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Read the 127-page report with TOC on “LED Lighting Market in Brazil Analysis Report by Application (General LED lighting, Automotive LED lighting, and LED backlighting) and the Segment Forecasts, 2020-2024”.

https://www.technavio.com/report/report/led-lighting-market-in-brazil-industry-analysis

The market is driven by the declining manufacturing cost of LEDs. In addition, the demand for energy-efficient and sustainable lighting is anticipated to boost the growth of the LED lighting market in Brazil.

The manufacturing cost of LED lights has steadily decreased over the past decade due to the declining average selling price of chips and other components. This is reducing the initial installation cost of LED fixtures and lamps, which is providing significant growth opportunities for vendors operating in the market. Besides, the growing support from the government on the use of LEDs has encouraged LED manufacturers to increase their production capacities. These factors are fueling the growth of the LED lighting market in Brazil.

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Major Five LED Lighting Companies in Brazil:

ABB Ltd.

ABB Ltd. operates its business through segments such as Electrification, Industrial Automation, Motion, Motion, and Corporate and Other. The company offers high-quality designer LED lamps of different modules and orientations under the brands, Busch-iceLight and Busch-MasterLight.

Cree Inc.

Cree Inc. operates its business through segments such as Wolfspeed and LED Product. The company offers a wide range of LED lights, such as XLAMP LEDs, J Series LEDs, high-brightness LEDs, and others.

Dialight Plc

Dialight Plc operates its business through segments such as Lighting and Signals & Components. The company offers a wide range of LED products and solutions, including LED High Bay Fixtures, LED Area Lights, LED Linear Fixtures, LED Floodlights, and others.

Eaton Corp. Plc

Eaton Corp. Plc operates its business through segments such as Electrical Products, Electrical Systems and Services, Hydraulics, Aerospace, Vehicle, and eMobility. The company offers a large portfolio of innovative and reliable Crouse-Hinds series of LED products for non-hazardous industrial applications.

Havells India Ltd.

Havells India Ltd. operates its business through segments such as Switchgears, Cables, Lighting and Fixtures, Electrical Consumer Durables, and Lloyd Consumer. The company offers a wide range of LED lighting products under the brands Astral, Atria, Joy, Kite, Matrix, and others.

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LED Lighting Market in Brazil Application Outlook (Revenue, USD Billion, 2020-2024)

  • General LED lighting
  • Automotive LED lighting
  • LED backlighting

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Related Reports on Industrials Include:

Global Smart Lighting Market – Global smart lighting market by application (commercial, public infrastructure, residential, and others) and geography (APAC, Europe, MEA, North America, and South America).

Global General Lighting Market – Global general lighting market by product (LED lighting and traditional lighting), application (residential, commercial, outdoor, industrial, and others), and geography (APAC, Europe, MEA, North America, and South America).

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