Global LED Lighting Market 2015-2019: Key Vendors are Cree, GE Lighting, Nichia, Osram Sylvania & Philips Lumileds Lighting
04 March 2015 - 3:16AM
Research and Markets
(http://www.researchandmarkets.com/research/9wghl9/global_led) has
announced the addition of the "Global LED Lighting Market
2015-2019" report to their offering. The Global LED Lighting market
to grow at a CAGR of 25.89% over the period 2014-2019
An LED is a semiconductor light source used in various
applications such as general lighting, backlighting, and automotive
lighting. LEDs are used in exterior as well as interior lighting.
LEDs are gaining acceptance because of their efficiency and low
cost. LEDs also enhance safety and offer an aesthetic appeal. They
are environment-friendly as they reduce energy consumption by up to
40 percent.The increasing penetration of LEDs in the Lighting
market is one of the key trends being witnessed the market. The
ability of LEDs to provide high-quality and energy-efficient light
compared to other existing lighting technologies has accelerated
the demand for LEDs worldwide. LEDs ease energy consumption level
to a great degree and help reduce the energy output of multiple
nuclear reactors across geographies.According to the report, the
rapid decrease in LED prices in recent years has accelerated the
demand for LED devices in the market. This decrease stems from the
massive R&D investment in LED chips and packages in China,
which has resulted in increased brightness of LED chips and
packages. This has triggered demand for low-priced LED chips and
packages in the General LED Lighting segment.Further, the report
states that market vendors are facing intense competition;
therefore, they are trying to differentiate their products in terms
of features including light quality. High installation costs could
lead to an increase in the price of LED lighting in various
applications.Key Vendors
- Cree
- GE Lighting
- Nichia
- Osram Sylvania
- Philips Lumileds Lighting
Other Prominent Vendors
- Acuity Brands Lighting
- ATG Electronics
- China Electric
- Epistar
- Everlight
- LED Microsensor NT
- LG Innotek
- Lighting Science Group
- Panasonic
- QD Vision
- Samsung LED
- Seoul Semiconductor
- Toshiba Lighting Technology
- Toyoda Gosei
- Utech LED
For more information visit
http://www.researchandmarkets.com/research/9wghl9/global_led
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