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About LEDs
An LED is a semiconductor diode that emits visible light when voltage is applied to it. A diode is an electronic component that allows electricity to flow solely in one direction. LEDs were initially used as indicators in different applications. Later, they were used to display numbers on electronic meters and sign boards. Currently, LEDs have penetrated nearly every application that makes use of lighting systems. The control users have over LEDs in terms of luminescence and power consumption has made them popular for industrial applications.
LED lighting has 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 programmed
TechNavio's analysts forecast the Global LED Industrial Lighting market will grow at a CAGR of 29.64 percent over the period 2013-2018.
Covered in this Report
TechNavio's report, the Global LED Industrial Lighting Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the EMEA, the Americas, and the APAC regions; it also covers the Global LED Industrial Lighting market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Key Regions
• EMEA
• Americas
• APAC
Key Vendors
• Cooper Industries plc
• Cree Inc.
• Dialight plc
• Digital Lumens Inc.
• Koninklijke Philips Electronics NV
Other Prominent Vendors
• Emerson Electric Co.
• GE Lighting LLC
• Osram Licht AG
• Toshiba Corporation
• Zumtobel AG
Key Market Driver
• Need for Energy-efficient Lighting Solutions
• For a full, detailed list, view our report.
Key Market Challenge
• Limited Thermal Tolerance of LEDs
• 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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