LED Lighting Market Forecast
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
Global <strong>LED</strong> lighting market is likely to outperform & reach US$ 100 Billion by 2024<br />
Global <strong>LED</strong> <strong>Lighting</strong> <strong>Market</strong><br />
Analyst View:<br />
Global <strong>LED</strong> lighting market is likely to outperform & reach US$ 100 Billion by 2024.<br />
Press Release Title:<br />
Global <strong>LED</strong> lighting market is likely to outperform & reach US$ 100 Billion by 2024<br />
Research Report Title:<br />
Global <strong>LED</strong> <strong>Lighting</strong> <strong>Market</strong> & <strong>Forecast</strong> By Applications (Residential, Office,<br />
Retail/Shop, Hospitality, Industrial, Outdoor and Architectural) Regions (Europe,<br />
North America, Asia, Latin America, Middle East & Africa, BRIC) Companies (MLS Co<br />
Ltd., Philips <strong>Lighting</strong>, Osram, Cree Inc., Foshan Electrical & Light)<br />
Get Free Customization in this Report<br />
For More Information:<br />
http://www.renub.com/led-lighting-market-globally-is-growing-due-to-intensifyingelectricity-prices-and-concerns-over-climate-change-70-nd.php<br />
Download full Report:<br />
http://www.renub.com/global-led-lighting-market-regions-applicationscompanies-forecast-p.php<br />
In the current outlook, the rapid adoption of <strong>LED</strong> lighting is going to change the complete<br />
picture of lighting industry. Many government across the developed and developing country are<br />
also building the <strong>LED</strong> infrastructure to save nation capital to the great extent. Moreover<br />
developing countries saved energy using <strong>LED</strong> lighting and further distribute it to the<br />
unprivileged area. Global <strong>LED</strong> lighting market is likely to outperform and reach US$ 100 Billion<br />
Mark by the end of year 2024.<br />
<strong>LED</strong> Floodlighting Contributed in the Growth of Plants<br />
<strong>LED</strong> floodlight is a cutting-edge technology and it has established its credibility for unique<br />
feature. So the design and feature of <strong>LED</strong> floodlight more than just feasibility and viability<br />
because it provides supplemental lighting for plants. It provides adequate light for the plants. It<br />
has color spectrum which provides sustainable growth for the plants. The red spectrum of light<br />
© Renub Research Page 1 of 4 www.renub.com
Global <strong>LED</strong> lighting market is likely to outperform & reach US$ 100 Billion by 2024<br />
is mainly suitable for green and leafy growth whereas blue spectrum of light provide suitable<br />
accommodation for flowering and fruiting. Moreover many <strong>LED</strong> floodlight comes with<br />
combination of different spectrum of lights that provides complete accommodation for growing<br />
plants whether inside house or outside.<br />
Request a free sample copy of the report: https://www.renub.com/contactus.php<br />
Global Demand of <strong>LED</strong> <strong>Lighting</strong> in Residential Sector is growing due to rising<br />
Urbanization Rate<br />
The increasing urbanization rate in Northern America, Latin America, Europe, Asia and Africa<br />
will propel the demand of <strong>LED</strong> lighting in residential complex and household. The gradual<br />
decline of manufacturing cost of <strong>LED</strong> lighting will further add the growth of overall <strong>LED</strong> lighting.<br />
<strong>LED</strong> lighting manufacturer and marketer are also focusing on niche section of residential<br />
lighting to improve the experience of customer by adding extra features like smart lighting.<br />
Smart lighting has the ability to change its ambience according to weather condition,<br />
temperature and set-up the different combination of light in the morning, noon, evening and<br />
night.<br />
Adoption and Installation of New <strong>LED</strong> Street Light Worldwide<br />
The governments of many developed and developing nations especially emerging nations were<br />
supporting <strong>LED</strong> lighting and passed several bills and draft numerous policies in the favor of <strong>LED</strong><br />
lighting industry. Many countries starts replacing and installing new <strong>LED</strong> lights in the public<br />
places like street lights, industry association and government building etc. but street lighting<br />
gaining prominent growth because all the government either state government or central<br />
government are very conscious to adopt <strong>LED</strong> lighting to save its treasury. They are doing many<br />
draft policies time to time to review and monitoring status of <strong>LED</strong> lighting performance and<br />
© Renub Research Page 2 of 4 www.renub.com
Global <strong>LED</strong> lighting market is likely to outperform & reach US$ 100 Billion by 2024<br />
once it success then they are entitled to implement it into another tier cities on the basis of<br />
viability and feasibility.<br />
Client can Purchase this Report in Sections from below link:<br />
Access full Research: https://www.renub.com/global-led-lighting-market-regionsapplications-companies-forecast-p.php<br />
<strong>LED</strong> lighting is Rapidly Growing Prominence in Different array of Application<br />
The future penetration of <strong>LED</strong> lighting in different industry vertical is expected to be growing<br />
with rapid pace. In residential application <strong>LED</strong> lighting penetration would reach to more than<br />
two thirds. In office application, it is likely to increase more than 40% because of viability and<br />
compatibility in office architecture. In retail application, <strong>LED</strong> lighting penetration will reach<br />
more than 60% percent by the end of year 2020. In hospitality application, it would cross the<br />
more than 75% till 2020. The penetration of <strong>LED</strong> lighting in industrial segment is lowest among<br />
other segments.<br />
Table of Contents:<br />
1. Executive Summary<br />
2. Global <strong>LED</strong> <strong>Lighting</strong> <strong>Market</strong> Analysis – (2011 – 2024)<br />
3. <strong>Market</strong> Share Analysis – Global <strong>LED</strong> <strong>Lighting</strong><br />
4. By Application Global <strong>LED</strong> <strong>Lighting</strong> <strong>Market</strong><br />
5. By Region Global <strong>LED</strong> <strong>Lighting</strong> <strong>Market</strong><br />
6. BRIC Countries <strong>LED</strong> <strong>Lighting</strong> <strong>Market</strong><br />
7. Public Procurement of Led <strong>Lighting</strong> in European Union Member States<br />
8. Growth Factors (Due to data confidentiality, growth factors have not been<br />
disclosed in this table of contents)<br />
9. Key Challenges (Due to data confidentiality, challenges have not been disclosed in<br />
this table of contents)<br />
10. Key Players Analysis<br />
© Renub Research Page 3 of 4 www.renub.com
Global <strong>LED</strong> lighting market is likely to outperform & reach US$ 100 Billion by 2024<br />
Heavy Industries <strong>Market</strong> Reports<br />
https://www.renub.com/heavy-industries-31-c.php<br />
Renub Research - North America<br />
Rajat Gupta<br />
225 Kristie Ln, Roswell<br />
Georgia 30076, United States<br />
Tel: +1-678-302-0700<br />
Email: info@renub.com<br />
https://www.renub.com/<br />
Renub Research - Asia<br />
Ankit Mishra<br />
C – 86, Sector – 10<br />
Noida 201301, India<br />
Tel: +91-120-421-9822<br />
Email: info@renub.com<br />
https://www.renub.com/<br />
© Renub Research Page 4 of 4 www.renub.com