LED Lighting Market Forecast and Segments, 2015-2025

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The Global LED lighting market has showcased rapid growth over the past few years. The Global LED lighting market is anticipated to grow at a stupendous CAGR over the period 2015-2025 with a substantial revenue in 2025.

LED Lighting

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20152025

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Report Description

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. The LED lighting systems provide more energy

efficiency and longer life span. The LED light provides a lifetime of nearly 50,000 hours of

brightness and work effectively by using only a fraction of energy as is utilized by traditional

bulbs and CFL’s. The LED lights compete with old and traditional bulbs on various parameters

which include longer lifetime, energy efficiency, enhanced environmental friendliness, better

durability, lower heat and smaller size. The Global LED lighting market has showcased rapid

growth over the past few years. The Global LED lighting market is anticipated to grow at a

stupendous CAGR over the period 2015-2025 with a substantial revenue in 2025. Thus, the

revolution in LED is gaining traction in terms of market dynamics.

Global LED Lighting: Market Segmentation

The Global LED lighting market is segmented on the basis of organizational structure such as

organized and unorganized.


Report Description

The Global LED lighting market is further bifurcated by application areas such as automotive,

general and backlighting. The LED lighting market in automobile industry is rising as LED’s are

initiating to be used in mass market automobiles. The Global LED lighting market is also divided

on the basis of end-user segment such as commercial, general, residential, industrial, outdoor

and architectural. The Global LED lighting market is further segmented by technology which

includes ultraviolet LED’s, basic LED’s, high brightness LED’s, polymer LED’s and organic LED’s.

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1014

Global LED Lighting Market: Growth Drivers

The global LED lighting market is influenced by various factors such as macroeconomic

conditions which is impacting the new construction and subsequently new lighting installations.

Less replacement, less heat as well as the lower price are fostering the demand for LED lights

across the globe and strengthening the market of global LED’s. Such factors along with inclining

demand for cost efficient lighting systems from communities and buildings will intensify the

market for global LED lighting from 2015-2025. Besides this, innovation and change in

technology along with different product designs by LED light manufacturers are anticipated to

bolster the global LED lighting market.


Report Description

The rising government initiatives for conservation of energy is also fostering the growth of global

LED lighting market.

Global LED Lighting Market: Regional Outlook

Geographically, the Global LED Lighting industry can be divided by major regions which include

North America, Latin America, Western and Eastern Europe, Asia-Pacific region, Japan, Middle

East and Africa. In 2014, Asia Pacific captured the highest share in the global LED lighting market

due to significant population growth, huge private sector LED lighting projects as well as the

suitable government policies. The LED lighting has become popular in Japan’s educational

institutions, retail stores and hospitals. Followed by it, Europe stood at second position in the

revenue of global LED lighting market as the demand for LED lights are gaining traction

especially for architectural and commercial lighting functions. Apart from this, U.S. holds third

position in the global LED lighting market.

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Report Description

Global LED Lighting Market: Players

Some of the top vendors identified across the value chain of the global LED lighting market

include Cree Corporation, International Light technologies, American Bright Optoelectronics

Corporation, Philips Lumileds Lighting company, Samsung Electronics Limited and OSRAM Licht

AG. It has been noticed that new companies from consumer electronics as well as from

semiconductor segments are entering the LED lighting. Thus, the LED’s showcases a higher

opportunity for service providers as well as the component manufacturers to enhance their

activities in the areas of LED lighting.


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