RnRMarketResearch.com add Global LED Market 2016-2020 latest research report, the analysts forecast Global LED Market to grow at a CAGR of 15% during the period 2016-2020.
According to the LED market report a key growth driver in the LED market is the need for lower electricity consumption. LEDs use at least 75% less energy and last 25 times longer than incandescent bulbs. With growing awareness of the need for green technology, manufacturers have started focusing on energy-efficient and eco-friendly lights.
Complete report on LED market is now available at http://www.rnrmarketresearch.com/global-led-market-2016-2020-market-report.html
The global LED market analyst said major trend contributing to market growth is the reduction in price of LED components. A fall in the demand for LED products for backlighting has led to a decline in the average selling price of LED chips and LED packages. In the second half of 2015, the prices for these products declined and came close to material costs. This resulted in many manufacturers incurring losses. In the short term, manufacturers are compelled to lower LED prices."
Global LED Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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This report covers the present scenario and the growth prospects of the Global LED Market for 2016-2020. The market size is calculated on the basis of revenue generated from four segments: general lighting, backlighting, automotive lighting, and others.
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 has 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.
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Key players in the global LED market: Cree, GE Lighting, LG Innotek, Lumileds, Nichia, OSRAM, Samsung Electronics, and Seoul Semiconductor.
Other Prominent Vendors in the market are: Dialight, Eaton, Emerson Electric, Everlight Electronics, Lite-On, MLS Electronics, Toshiba Lighting and Technology, and Toyoda Gosei.
Further, the report states that one challenge that could restrict market growth is the introduction of flip chip LEDs.
List of Exhibits
Exhibit 01: Segmentation of global LED market
Exhibit 02: Key regions covered
Exhibit 03: Standard currency conversion rates
Exhibit 04: Product offerings
Exhibit 05: LED lighting industry
Exhibit 06: Light output of LEDs, incandescent bulbs, and CFLs
Exhibit 07: Efficiency and cost of LEDs, incandescent bulbs, and CFLs
Exhibit 08: Cost comparison for LED and incandescent bulbs
Exhibit 09: Global LED market 2015-2020 ($ billions)
Exhibit 10: Five forces analysis
Exhibit 11: Global LED market by application 2015 (% share)
Exhibit 12: Global LED market by application 2015-2020 (% share)
Exhibit 13: Global LED market by application 2015-2020 ($ billions)
Exhibit 14: LED market in general lighting segment 2015-2020 ($ billions)
Exhibit 15: LED market in automotive lighting segment 2015-2020 ($ billions)
Exhibit 16: Automotive LED lighting segment 2015 (% share)
Exhibit 17: Automotive LED lighting segment 2020 (% share)
Exhibit 18: LED market in backlighting segment 2015-2020 ($ billions)
Exhibit 19: LED market in others segment 2015-2020 ($ billions)
Exhibit 20: Global LED market by geography 2015 (% share)
Exhibit 21: Global LED market by geography 2015-2020 (% share)
Exhibit 22: Global LED market by geography 2015-2020 ($ billions)
Exhibit 23: LED market in APAC 2015-2020 ($ billions)
Exhibit 24: LED market in EMEA 2015-2020 ($ billions)
Exhibit 25: LED market in Americas 2015-2020 ($ billions)
Exhibit 26: Japan's 21st Century Lighting Plan
Exhibit 27: Degree of urbanization by continent 2015
Exhibit 28: First 20 smart cities under India's Smart Cities Mission
Exhibit 29: Impact of drivers
Exhibit 30: Impact of drivers and challenges
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