LED Lighting Market Forecast and Segments, 2015-2025
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.
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.
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<strong>LED</strong> <strong>Lighting</strong><br />
<strong>Market</strong><br />
Share, Global Trends,<br />
Analysis, Research, Report,<br />
Opportunities,<br />
Segmentation <strong>and</strong> <strong>Forecast</strong>,<br />
<strong>2015</strong>– <strong>2025</strong><br />
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Report Description<br />
<strong>LED</strong> light is a light-emitting diode product which is accumulated into the utilization in lighting<br />
fixtures. It is basically a semiconductor lighting source operate in different applications such as<br />
automotive lighting, general as well as backlighting. It has been noticed that <strong>LED</strong>’s are smaller<br />
<strong>and</strong> have a lengthier operating life as well as lower cost of ownership as compared to previous<br />
technologies in the similar area. The prices of <strong>LED</strong>’s have reduced to 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 <strong>and</strong> commercial<br />
buildings, as well as outdoor application areas. The <strong>LED</strong> lighting systems provide more energy<br />
efficiency <strong>and</strong> longer life span. The <strong>LED</strong> light provides a lifetime of nearly 50,000 hours of<br />
brightness <strong>and</strong> work effectively by using only a fraction of energy as is utilized by traditional<br />
bulbs <strong>and</strong> CFL’s. The <strong>LED</strong> lights compete with old <strong>and</strong> traditional bulbs on various parameters<br />
which include longer lifetime, energy efficiency, enhanced environmental friendliness, better<br />
durability, lower heat <strong>and</strong> 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 to grow at a<br />
stupendous CAGR over the period <strong>2015</strong>-<strong>2025</strong> with 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 <strong>and</strong> unorganized.
Report Description<br />
The Global <strong>LED</strong> lighting market is further bifurcated by application areas such as automotive,<br />
general <strong>and</strong> backlighting. The <strong>LED</strong> lighting market in automobile industry is rising as <strong>LED</strong>’s are<br />
initiating to be used in mass market automobiles. The Global <strong>LED</strong> lighting market is also divided<br />
on the basis of end-user segment such as commercial, general, residential, industrial, outdoor<br />
<strong>and</strong> architectural. The Global <strong>LED</strong> lighting market is further segmented by technology which<br />
includes ultraviolet <strong>LED</strong>’s, basic <strong>LED</strong>’s, high brightness <strong>LED</strong>’s, polymer <strong>LED</strong>’s <strong>and</strong> organic <strong>LED</strong>’s.<br />
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1014<br />
Global <strong>LED</strong> <strong>Lighting</strong> <strong>Market</strong>: Growth Drivers<br />
The global <strong>LED</strong> lighting market is influenced by various factors such as macroeconomic<br />
conditions which is impacting the new construction <strong>and</strong> subsequently new lighting installations.<br />
Less replacement, less heat as well as the lower price are fostering the dem<strong>and</strong> for <strong>LED</strong> lights<br />
across the globe <strong>and</strong> strengthening the market of global <strong>LED</strong>’s. Such factors along with inclining<br />
dem<strong>and</strong> for cost efficient lighting systems from communities <strong>and</strong> buildings will intensify the<br />
market for global <strong>LED</strong> lighting from <strong>2015</strong>-<strong>2025</strong>. Besides this, innovation <strong>and</strong> change in<br />
technology along with different product designs by <strong>LED</strong> light manufacturers are anticipated to<br />
bolster the global <strong>LED</strong> lighting market.
Report Description<br />
The rising government initiatives for conservation of energy is also fostering the growth of global<br />
<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 <strong>and</strong> Eastern Europe, Asia-Pacific region, Japan, Middle<br />
East <strong>and</strong> 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 <strong>and</strong> hospitals. Followed by it, Europe stood at second position in the<br />
revenue of global <strong>LED</strong> lighting market as the dem<strong>and</strong> for <strong>LED</strong> lights are gaining traction<br />
especially for architectural <strong>and</strong> 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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Report Description<br />
Global <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 <strong>and</strong> 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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