Filament LED Bulb Market is expected to reach US$ 6621.39 Mn by 2028

Impact of COVID-19 Pandemic on Filament LED Bulb Market in North America

Favorable government policies to encourage innovation, presence of a large industrial base, and high purchasing power of people are the major factors that make North America a prominent region supporting developments and adoption of new technologies, particularly in developed countries such as the US and Canada. As a result, any influence on industry growth negatively affects the region's economic growth. The COVID-19 pandemic has severely affected four key areas in the region: supply chain/operations, workforce availability, investments, and product offering.

Several small café and restaurants lost business due to bankruptcy amid the pandemic. Moreover, many of the businesses that survived moved their focus to online deliveries, due to forbidden dine in services in several countries as well as due to reluctance among people to visit these places for meals. Thus, the above-mentioned factors have negatively impacted the filament LED bulb market during the pandemic.

Crompton Lamps Ltd, Havells India Ltd., Wipro Consumer Lighting, MEGAMAN, OSRAM GmbH, Signify Holding (Philips), Feilo Sylvania Europe Limited, UKLED, Verbatim Americas LLC, and Seoul Semiconductor Co., Ltd. are among the major companies in the filament LED bulb market.

Filament LED Bulb Market — by Region, 2020 and 2028 (%)

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Filament LED Bulb Market to Grow at a CAGR of 24.4% to reach US$ 6621.39 Million from 2020 to 2028

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Filament LED Bulb Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product (0-25-Watt Type, 25-40-Watt Type, 40-60-Watt Type, and Above 60-Watt Type); Application (Residential, Restaurants and Bars, Hotels, Café, and Others) and Geography

The report segments the global filament LED bulb market as follows:

By Product

• 0–25-Watt Type
• 25–40-Watt Type
• 40–60-Watt Type
• Above 60-Watt Type

By Application

• Residential
• Restaurants and Bars
• Hotels
• Café
• Others

By Geography

• North America
  • US
  • Canada
  • Mexico
• Europe
  • France
  • Germany
  • Italy
  • UK
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • South Korea
  • Japan
  • Australia
  • Rest of APAC
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of MEA
• South America
  • Brazil
  • Argentina
  • Rest of SAM