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South America Filament LED Bulb Market Forecast to 2028 – COVID-19 Impact and Analysis -by Product and Application

South America Filament LED Bulb Market Forecast to 2028 – COVID-19 Impact and Analysis -by Product and Application

  • August 2021
  • 69 pages
  • ID: 6134424
  • Format: PDF
  • The Insight Partners


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The filament LED bulb market in SAM is expected to grow from US$ 90.88 million in 2021 to US$ 433.13 million by 2028; it is estimated to register a CAGR of 25.0% from 2021 to 2028.

The increase in the adoption of filament LED bulbs across restaurants, hotels, bars, and cafes is bolstering the growth the market.The lighting at a restaurant is an important aspect of the overall ambiance.

In cafes, bars, and restaurants, the light intensity of 150 lux is generally recommended.Among other areas, entrances require 100 lux, food storage section requires 150 lux, washing section needs 300 lux, and cooking section requires 500 lux.

Restaurants use four types of lighting: general lighting, accent lighting, decorative lighting, and natural lighting.In a cafe or restaurant, general lighting is the most significant feature.

Homogeneous lighting is achieved by placing lighting equipment in a certain order at equal intervals. Customers will perceive the restaurant as more welcoming if it is well lit. Accent lighting can be utilized to draw focus to the areas of the restaurant that one wishes to draw attention to. This type of lighting can draw attention to the restaurant’s decor, plants, tables, or merchandise. Decorative lighting refers to the lighting accessories that are employed to complete the design. Both traditional and modern lighting can be used to create decorative lighting. It can also be achieved by using specific lighting techniques. Thus, the various lighting techniques used in restaurants, hotels, bars, and cafes are influencing the adoption of filament LED bulbs, thereby contributing to the growth of the market.

In SAM, Brazil reported the highest number of COVID-19 confirmed cases, followed by other countries such as Colombia, Argentina, and Peru.The governments of various countries in SAM are taking several initiatives to protect people and control the spread of COVID-19 in the region through lockdowns, trade bans, and travel restrictions.

These measures are expected to have a direct impact on the region’s economic growth, as the region will generate low export revenues, both due to the drop in commodity prices and reduction in export volumes.The sharp decline in the sales of lighting solutions in the region due to lockdown measures is expected to directly impact the growth of the filament LED bulb market.

Moreover, the decline in business activities of café, restaurants, hotels, and bars is negatively impacting the market growth.

The residential segment led the filament LED bulb market, based on application, in 2020.The Department of Energy (DoE) of the US has assessed the lighting applications such as FTL, CFL and LED amongst others, where LED technology save the most energy.

This study by the government body led to the widespread adoption of LED lamps in homes.Across the residential sector, filament LED bulbs are used in various decorative items such as integrated chandeliers, single head pendants, wall sconce, lantern, and cove luminaire products, as well as bullet, candle, flare, globe, and any other decorative lamp shapes.

The rising government initiatives to promote the development of the residential sector, coupled with increasing spending capacity of individuals, are contributing to the growth of the residential segment in the filament LED bulb market.

The overall filament LED bulb market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.

The process also serves the purpose of obtaining overview and forecast for the filament LED bulb market with respect to all the segments pertaining to the region.Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic.

The participants who typically take part in such a process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the filament LED bulb market. Feilo Sylvania Europe Limited Y; MEGAMAN; Seoul Semiconductor Co., Ltd.; Signify Holding (Philips); UKLED; and Verbatim Americas LLC are among a few players operating in the filament LED bulb market

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