LED Lighting Market with Worldwide Industry Analysis to 2025
Future Market Insights has announced the addition of the “LED Lighting Market: Global Industry Analysis and Opportunity Assessment 2015-2025” report to their offering.
Future Market Insights has announced the addition of the “LED Lighting Market: Global Industry Analysis and Opportunity Assessment 2015-2025” report to their offering.
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Global<br />
<strong>LED</strong> <strong>Lighting</strong> <strong>Market</strong><br />
Share, Global Trends,<br />
<strong>Analysis</strong>, Research, Report,<br />
Opportunities,<br />
Segmentation and Forecast,<br />
2015-<strong>2025</strong><br />
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Report Description<br />
<strong>LED</strong> light is a light-emitting diode product which is accumulated in<strong>to</strong> the utilization in lighting<br />
fixtures. It is basically a semiconduc<strong>to</strong>r lighting source operate in different applications such as<br />
au<strong>to</strong>motive lighting, general as well as backlighting. It has been noticed that <strong>LED</strong>’s are smaller<br />
and have a lengthier operating life as well as lower cost of ownership as compared <strong>to</strong> previous<br />
technologies in the similar area. The prices of <strong>LED</strong>’s have reduced <strong>to</strong> a point where such type of<br />
lighting is becoming the economic choice in every application. The acceptance of <strong>LED</strong> lighting is<br />
escalating in almost all major end uses such as industrial buildings, residential and commercial<br />
buildings, as well as outdoor application areas. The <strong>LED</strong> lighting systems provide more energy<br />
efficiency and longer life span. The <strong>LED</strong> light provides a lifetime of nearly 50,000 hours of<br />
brightness and work effectively by using only a fraction of energy as is utilized by traditional<br />
bulbs and CFL’s. The <strong>LED</strong> lights compete <strong>with</strong> old and traditional bulbs on various parameters<br />
which include longer lifetime, energy efficiency, enhanced environmental friendliness, better<br />
durability, lower heat and smaller size. The Global <strong>LED</strong> lighting market has showcased rapid<br />
growth over the past few years. The Global <strong>LED</strong> lighting market is anticipated <strong>to</strong> grow at a<br />
stupendous CAGR over the period 2015-<strong>2025</strong> <strong>with</strong> a substantial revenue in <strong>2025</strong>. Thus, the<br />
revolution in <strong>LED</strong> is gaining traction in terms of market dynamics.<br />
Global <strong>LED</strong> <strong>Lighting</strong>: <strong>Market</strong> Segmentation<br />
The Global <strong>LED</strong> lighting market is segmented on the basis of organizational structure such as<br />
organized and unorganized. The Global <strong>LED</strong> lighting market is further bifurcated by application<br />
areas such as au<strong>to</strong>motive, general and backlighting. The <strong>LED</strong> lighting market in au<strong>to</strong>mobile<br />
industry is rising as <strong>LED</strong>’s are initiating <strong>to</strong> be used in mass market au<strong>to</strong>mobiles. The Global <strong>LED</strong><br />
lighting market is also divided on the basis of end-user segment such as commercial, general,
Report Description<br />
The Global <strong>LED</strong> lighting market is further segmented by technology which includes ultraviolet<br />
<strong>LED</strong>’s, basic <strong>LED</strong>’s, high brightness <strong>LED</strong>’s, polymer <strong>LED</strong>’s and organic <strong>LED</strong>’s.<br />
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Global <strong>LED</strong> <strong>Lighting</strong> <strong>Market</strong>: Growth Drivers<br />
The global <strong>LED</strong> lighting market is influenced by various fac<strong>to</strong>rs such as macroeconomic<br />
conditions which is impacting the new construction and subsequently new lighting installations.<br />
Less replacement, less heat as well as the lower price are fostering the demand for <strong>LED</strong> lights<br />
across the globe and strengthening the market of global <strong>LED</strong>’s. Such fac<strong>to</strong>rs along <strong>with</strong> inclining<br />
demand for cost efficient lighting systems from communities and buildings will intensify the<br />
market for global <strong>LED</strong> lighting from 2015-<strong>2025</strong>. Besides this, innovation and change in<br />
technology along <strong>with</strong> different product designs by <strong>LED</strong> light manufacturers are anticipated <strong>to</strong><br />
bolster the global <strong>LED</strong> lighting market. The rising government initiatives for conservation of<br />
energy is also fostering the growth of global <strong>LED</strong> lighting market.<br />
Global <strong>LED</strong> <strong>Lighting</strong> <strong>Market</strong>: Regional Outlook<br />
Geographically, the Global <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 <strong>to</strong> significant population growth, huge private sec<strong>to</strong>r <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 s<strong>to</strong>res and hospitals. Followed by it, Europe s<strong>to</strong>od 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
Report Description<br />
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Global <strong>LED</strong> <strong>Lighting</strong> <strong>Market</strong>: Players<br />
Some of the <strong>to</strong>p vendors identified across the value chain of the global <strong>LED</strong> lighting<br />
market include Cree Corporation, International Light technologies, American Bright<br />
Op<strong>to</strong>electronics Corporation, Philips Lumileds <strong>Lighting</strong> company, Samsung Electronics<br />
Limited and OSRAM Licht AG. It has been noticed that new companies from consumer<br />
electronics as well as from semiconduc<strong>to</strong>r segments are entering the <strong>LED</strong> lighting. Thus,<br />
the <strong>LED</strong>’s showcases a higher opportunity for service providers as well as the component<br />
manufacturers <strong>to</strong> enhance their activities in the areas of <strong>LED</strong> lighting.
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