Global LED Lighting Market
LED light is a light-emitting diode product which is accumulated into the utilization in lighting fixtures. It is basically a semiconductor lighting source operate in different applications such as automotive lighting, general as well as backlighting. It has been noticed that LED’s are smaller and have a lengthier operating life as well as lower cost of ownership as compared to previous technologies in the similar area. The prices of LED’s have reduced to a point where such type of lighting is becoming the economic choice in every application. The acceptance of LED lighting is escalating in almost all major end uses such as industrial buildings, residential and commercial buildings, as well as outdoor application areas.
LED light is a light-emitting diode product which is accumulated into the utilization in lighting fixtures. It is basically a semiconductor lighting source operate in different applications such as automotive lighting, general as well as backlighting. It has been noticed that LED’s are smaller and have a lengthier operating life as well as lower cost of ownership as compared to previous technologies in the similar area. The prices of LED’s have reduced to a point where such type of lighting is becoming the economic choice in every application. The acceptance of LED lighting is escalating in almost all major end uses such as industrial buildings, residential and commercial buildings, as well as outdoor application areas.
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Report Description<br />
<strong>Global</strong> <strong>LED</strong> <strong>Lighting</strong> <strong>Market</strong>: Regional Outlook<br />
Geographically, the <strong>Global</strong> <strong>LED</strong> <strong>Lighting</strong> industry can be divided by major regions which include<br />
North America, Latin America, Western and Eastern Europe, Asia-Pacific region, Japan, Middle<br />
East and Africa. In 2014, Asia Pacific captured the highest share in the global <strong>LED</strong> lighting market<br />
due to significant population growth, huge private sector <strong>LED</strong> lighting projects as well as the<br />
suitable government policies. The <strong>LED</strong> lighting has become popular in Japan’s educational<br />
institutions, retail stores and hospitals. Followed by it, Europe stood at second position in the<br />
revenue of global <strong>LED</strong> lighting market as the demand for <strong>LED</strong> lights are gaining traction<br />
especially for architectural and commercial lighting functions. Apart from this, U.S. holds third<br />
position in the global <strong>LED</strong> lighting market.<br />
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<strong>Global</strong> <strong>LED</strong> <strong>Lighting</strong> <strong>Market</strong>: Players<br />
Some of the top vendors identified across the value chain of the global <strong>LED</strong> lighting market<br />
include Cree Corporation, International Light technologies, American Bright Optoelectronics<br />
Corporation, Philips Lumileds <strong>Lighting</strong> company, Samsung Electronics Limited and OSRAM Licht<br />
AG. It has been noticed that new companies from consumer electronics as well as from<br />
semiconductor segments are entering the <strong>LED</strong> lighting. Thus, the <strong>LED</strong>’s showcases a higher<br />
opportunity for service providers as well as the component manufacturers to enhance their<br />
activities in the areas of <strong>LED</strong> lighting.
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