LED Market Size, Share, Development, Growth and Demand Forecast to 2023
LED Market, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years.
(EMAILWIRE.COM, March 28, 2018 ) LED lights are rapidly gaining traction among consumers due to their multiple benefits. They are preferred over other lights such as incandescent lights and compact fluorescent lights (CFLs), because of their energy efficiency. LEDs consume up to 75% less energy than other bulbs and have longer lifespans — 60,000 hours compared to 1,500 hours from incandescent bulbs and 8,000 hours from CFLs. LEDs are also known as green lighting systems because of their energy-efficient features.
The energy efficiency of LED lights is driving growth in the global LED market. In addition, the need for low electricity consumption and growing awareness of green technology have made manufacturers focus on energy-efficient and eco-friendly lights. Governments are also taking up multiple projects and providing subsidies in order to promote LED lights.
Publisher's analysts forecast the Global LED Market to grow at a CAGR of 15% during the period 2016-2020.
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The increasing need for low electricity consumption across the globe is one of the most significant factors propelling the growth prospects for this market. LEDs use at least 75% less energy and last 25 times longer than incandescent bulbs. With the growing awareness of eco-friendly technologies and sustainable development, manufacturers are increasingly focussing on the production of energy-efficient, LED lights. Moreover, LEDs contain solid mercury content, which is less likely to pollute the environment than the liquid mercury in incandescent bulbs. With several governments around the world banning the use of incandescent bulbs, including China, and promoting the adoption of LED lights, the market for LEDs has a positive outlook in the coming years.
Key vendors
- Cree
- GE Lighting
- LG Innotek
- Lumileds
- Nichia
- OSRAM
- Samsung Electronics
- Seoul Semiconductor
Other prominent vendors
- Dialight
- Eaton
- Emerson Electric
- Everlight Electronics
- Lite-On
- MLS Electronics
- Toshiba Lighting and Technology
- Toyoda Gosei
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Market driver
- Need for low electricity consumption
Market challenge
- Introduction of flip chip LEDs
Market trend
- Reduction in price of LED components
Fundamentals of Table of Content:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Global construction market
PART 06: Market drivers
PART 07: Market trends
PART 08: Global AEC market
PART 09: Market segmentation by product
PART 10: Geographical segmentation
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Five forces model
PART 14: Key vendor analysis
PART 15: Key vendor profiles
Get more information @ http://www.reportsweb.com/global-led-market-2016-2020
The energy efficiency of LED lights is driving growth in the global LED market. In addition, the need for low electricity consumption and growing awareness of green technology have made manufacturers focus on energy-efficient and eco-friendly lights. Governments are also taking up multiple projects and providing subsidies in order to promote LED lights.
Publisher's analysts forecast the Global LED Market to grow at a CAGR of 15% during the period 2016-2020.
Free| Request sample copy @ http://www.reportsweb.com/inquiry&RW0001239319/sample
The increasing need for low electricity consumption across the globe is one of the most significant factors propelling the growth prospects for this market. LEDs use at least 75% less energy and last 25 times longer than incandescent bulbs. With the growing awareness of eco-friendly technologies and sustainable development, manufacturers are increasingly focussing on the production of energy-efficient, LED lights. Moreover, LEDs contain solid mercury content, which is less likely to pollute the environment than the liquid mercury in incandescent bulbs. With several governments around the world banning the use of incandescent bulbs, including China, and promoting the adoption of LED lights, the market for LEDs has a positive outlook in the coming years.
Key vendors
- Cree
- GE Lighting
- LG Innotek
- Lumileds
- Nichia
- OSRAM
- Samsung Electronics
- Seoul Semiconductor
Other prominent vendors
- Dialight
- Eaton
- Emerson Electric
- Everlight Electronics
- Lite-On
- MLS Electronics
- Toshiba Lighting and Technology
- Toyoda Gosei
Have any query? Enquire about report @ http://www.reportsweb.com/inquiry&RW0001239319/buying
Market driver
- Need for low electricity consumption
Market challenge
- Introduction of flip chip LEDs
Market trend
- Reduction in price of LED components
Fundamentals of Table of Content:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Global construction market
PART 06: Market drivers
PART 07: Market trends
PART 08: Global AEC market
PART 09: Market segmentation by product
PART 10: Geographical segmentation
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Five forces model
PART 14: Key vendor analysis
PART 15: Key vendor profiles
Get more information @ http://www.reportsweb.com/global-led-market-2016-2020
Contact Information:
ReportsWeb.com
Rajat Sahni
Tel: +1-646-491-9876
Email us
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ReportsWeb.com
Rajat Sahni
Tel: +1-646-491-9876
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results