Big Data as a Service Market Report 2022-2027, Industry Share, Size, Growth, Trends and Opportunities
Big Data as a Service Market Report 2022-2027, Industry Share, Size, Growth, Trends and Opportunities
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A light-emitting diode (LED) refers to a semiconductor device that produces non-coherent, narrow-spectrum light when an electric current pass through it. It is compact, economical, reliable, efficient and has long operating life as compared to conventional lighting sources. It also offers various advantages, such as fast switching, improved physical robustness, low heat output and minimum radiation emissions. As a result, it is extensively utilized in streetlights, parking garages, refrigerated cases, and modular and task lighting across the North American region.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally-our estimates about the latest market trends and forecast values after considering the impact of this pandemic.
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North America Led Lighting Market Trends:
Strict governmental regulations regarding energy consumption represent one of the key factors bolstering the LED lighting market growth in the North American region. Apart from this, the upgradation of the existing infrastructure with ultra-modern lighting solutions is further propelling the market growth. Furthermore, initiatives, such as LightSavers Canada, a program funded by the Canadian Urban Institute to increase the adoption of LED lighting and smart adaptive controls, is expected to drive the market in the region in the upcoming years.
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Key Market Segmentation:
Breakup by Product Type:
Breakup by Application:
Breakup by Region:
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Key Highlights of the Report:
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