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About LED
An LED is a semiconductor light source used for purposes such as general lighting, backlighting, and automotive lighting in residential, office, retail, and hospitality spaces and in industrial, outdoor, and architectural applications. Its efficiency and low cost help address key issues such as the energy crisis, resource scarcity, and climate change, and enhances safety in cities and productivity in offices. It also has the ability to provide an enhanced sense of health and well-being. Lighting consumes approximately 20 percent of all the power in the world and by using LED lighting, people can save, on an average, up to 40 percent of energy every year.
LED lights have many advantages over other lighting sources including:
• High intensity of brightness
• High energy efficiency
• Low voltage and current requirements
• Low radiated heat
• High reliability
• Negligible UV rays
• Long life span
• Ability to be easily controlled and programed
TechNavio's analysts forecast the Global LED General Lighting market to grow at a CAGR of 27.55 percent over the period 2013-2018.
Covered in this Report
The Global LED General Lighting market can be divided based on application into eight segments: Architectural, Hospitality, Industrial, Office, Outdoor, Residential, Retail, and Others.
TechNavio's report, Global LED General Lighting Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, the APAC region and the EMEA region; it also covers the Global LED General Lighting market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
Key Regions
• Americas
• APAC
• EMEA
Key Vendors
• Cree
• LG Innotek
• Nichia
• OSRAM Opto Semiconductors
• Philips Lumileds Lighting
• Samsung LED
• Seoul Semiconductor
Other Prominent Vendors
• Everlight Electronics
• GE Lighting
• Lite-On Technology
• Toyoda Gosei
Key Market Driver
• Need for Energy-efficient Lighting Solutions
• For a full, detailed list, view our report
Key Market Challenge
• Low Consumer Awareness
• For a full, detailed list, view our report
Key Market Trend
• Declining ASP of LED Light Bulbs
• For a full, detailed list, view our report
Key Questions Answered in this Report
• What will the market size be in 2018 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
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