SAN FRANCISCO, Oct. 21, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "OLED Lighting Panels - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 9; Released: April 2021
Executive Pool: 439
Companies: 47 - Players covered include Kaneka Belgium NV; Konica Minolta, Inc.; LG Display Co., Ltd.; Lumiotec Inc.; NEC Lighting, Ltd.; OLEDWorks LLC.; OSRAM GmbH; Sumitomo Chemical Co., Ltd. and Others.
Coverage: All major geographies and key segments
Segments: End-Use (Commercial, Residential, Industrial); Segment (Flexible, Rigid)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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Global OLED Lighting Panels Market to Reach $243.7 Million by 2026
Amid the COVID-19 crisis, the global market for OLED Lighting Panels estimated at US$67.1 Million in the year 2020, is projected to reach a revised size of US$243.7 Million by 2026, growing at a CAGR of 23.3% over the analysis period. Flexible, one of the segments analyzed in the report, is projected to record a 24.6% CAGR and reach US$143 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Rigid segment is readjusted to a revised 22.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $22.9 Million in 2021, While China is Forecast to Reach $56.6 Million by 2026
The OLED Lighting Panels market in the U.S. is estimated at US$22.9 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$56.6 Million by the year 2026 trailing a CAGR of 29.3% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 18.4% and 21.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 20% CAGR.More
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Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
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SOURCE Global Industry Analysts, Inc.