Panel Mount Indicator Lamp Market | Contrive Datum Insights

The Global Panel Mount Indicator Lamp Market size was valued at USD 710.4 million in 2022 and is projected to reach USD 1202.47 million by 2030, growing at a CAGR of 6.80% from 2023 to 2030.

Panel Mount Indicator Lamp Market Overview:

The LED Panel Mount Indicator is an indicator supplied with LED lights for a variety of applications. An example of this is a board-mounted (LED) lamp that emits monochromatic light. These types of indicators can be mounted directly to PCB or metal enclosures as well as light strips to indicate power status, warnings, etc.
The LED Panel Mount Indicator is an indicator with LED lights that can be used in a number of different ways. This is shown by a board-mounted LED lamp that only gives off one colour of light. These types of indicators can be attached directly to PCBs, metal enclosures, or light strips to show power status, warnings, and other information.Stake holders and other participants in the global Panel Mount Indicator Lights market will be able to gain the upper hand by using the report as a powerful resource for their business needs.

Major Market Segments Covered in Panel Mount Indicator Lamp Market Industry Research:

• Visual Communications Company
• Schneider Electric
• JKL Components
• RAFI
• Shin Chin
• Dialight
• Others.

Key Vendors:

Visual Communications Company: VCC has a global production and distribution network at its disposal. And with production sites in North America, as well as our many sales offices and distributors, we can guarantee global availability. Efficient and modern development processes, a global supply chain, and skilled project management represent additional services that we offer our customers and business partners around the world. We develop products and solutions that impress our customers with their intuitiveness and their design. Our expertise allows us to manufacture easy-to-operate, high-quality, and future-proof solutions for many applications. At VCC we do much more than just manufacture individual components. As a solution- focused partner, we provide the option of technically customizing existing HMI components in line with our customers’ individual requirements. From simple indicators through to sophisticated PCB assemblies, we are able to offer a comprehensive service that encompasses everything from development through to volume production.

Schneider Electric: It is to empower all to make the most of our energy and resources, bridging progress and sustainability for all. We call this Life Is On. Our mission is to be your digital partner for Sustainability and Efficiency. We drive digital transformation by integrating world-leading process and energy technologies, end-point to cloud connecting products, controls, software and services, across the entire lifecycle, enabling integrated company management, for homes, buildings, data centers, infrastructure and industries. We are the most local of global companies. We are advocates of open standards and partnership ecosystems that are passionate about our shared Meaningful Purpose, Inclusive and Empowered values.

JKL Components: JKL Components Corporation is a lighting solutions provider offering LED, fluorescent, incandescent and ultra-violet technologies. A wide assortment of standard products are available for fast delivery and technical support is available for customized requirements. Products include components, sockets and replacement lights as well as assembled linear systems. JKL serves the architectural, signage, gaming, aerospace, display and automotive markets.

Dialight:It is a global leader in sustainable LED lighting for industrial applications. Dialight's LED products are providing the next generation of lighting solutions that deliver reduced energy consumption and create a safer working environment. Our products are specifically designed to provide superior operational performance, reliability and durability, reducing energy consumption and ongoing maintenance and achieving a rapid return on investment.


By Type:

• Based LED
• Based Incandescent
• Based Neon
• Single Color LED Light
• Multicolor LED Light

By Application:

• Online Sale
• Offline Sale
• Electronics
• Medical
• Automotive
• Industrial

By Region:

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
  • Denmark
  • Finland
  • Iceland
  • Sweden
  • Norway
  • Belgium
  • The Netherlands
  • Luxembourg
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Benelux Union
• Rest of Europe
• Asia-Pacific
  • Indonesia
  • Thailand
  • Malaysia
  • Singapore
  • Rest of Southeast Asia
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Significant Market Dynamics:

The panel mount indicator lights market is expected to witness substantial growth over the forecast period. The demand for panel mount lights is growing as factors such as high energy efficiency and cost-effectiveness are expected to drive market growth. Panel mount lights are rapidly replacing fluorescent ceiling lights and LED lights. Furthermore, these lamps come in different sizes, designs and shapes. Unlike fluorescent lighting fixtures, LED panel mount indicators feature no reflashing delay and are instantly actuated, and can be easily installed in quick retrofits. However, the COVID-19 pandemic has severely hampered the lamp lens market with supply chain disruptions.

Additionally, due to the advanced features of these lights, including disabling, remote plug-and-play drivers, they are quickly gaining favor in highly controlled environments. In addition, governments of various countries also encourage the use of panel lights to save energy and promote environmental protection. Moreover, with the development of LED technology, manufacturers are launching LED panel products in new colors, which further boosts the market growth.

Asia Pacific is expected to dominate the global market. The region is also expected to grow at the fastest CAGR during the forecast period. Rising demand for LED indicators is driving regional growth. Europe is expected to advance at a significant pace over the forecast period. Furthermore, North America is expected to hold a large market share.

The panel mount indicator light market is segmented into type and application. Based on type, the monochrome LED lights segment is expected to dominate the market. By application, the electronics segment is expected to grow at the highest CAGR during the forecast period.

The panel mount indicator light market is highly competitive in nature with a handful of international players dominating the global market. Key players in the market are involved in strategic activities such as mergers and acquisitions, new product launches, etc. to strengthen their positions in the market.

Scope of report :