The global filament LED lamp market is estimated up to US$ 6621.39 million by the year 2028

According to a market survey report, the global filament LED bulb market is estimated to reach US$ 6621.39 million by the year 2028 from US$ 1433.19 million in the year 2021; it is estimated to grow at a CAGR of 24.4% from 2021 to 2028.

The market growth arises from the rising number of commercial and residential construction projects in addition to surging requirement in home renovation and remodeling activities connected to increased government support in industrialized countries.

Based on application, the filament LED market is categorized into residential,restaurants and bars, hotels, cafe and others. The residential segment took the lead in the filament LED bulb market in the year 2020.

Compared with other types of LED lamps, most often, sapphire substrates and wicks are used to make filament LED lamp. The popular models are often just ust 25, 28, 32 chip packages. The less use of LED chip results in a total cheaper cost than usual LEDs.

The world-famous players on filament LED bulb market include

Crompton Lamps Ltd
Havells India Ltd.
Wipro Consumer Lighting
MEGAMAN
OSRAM GmbH
Signify Holding (Philips)
Feilo Sylvania Europe Limited
UKLED
Verbatim Americas LLC
Seoul Semiconductor Co., Ltd.