Submitted by: Submitted by vasu123
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Category: Business and Industry
Date Submitted: 02/09/2016 10:30 PM
LED Lighting Market Size, Share, Global Trends, Company Profiles,
Demand, Insights, Analysis, Research, Report, Opportunities, Segmentation
and Forecast to 2015 - 2020
LED lighting market is projected to grow over 45% per year by 2020. The market was estimated
at $13 billion in 2014 and is likely to cross over $63 billion by 2020. Next generation lighting
attains a complete substitute of luminous filament bulbs with LED lighting that lasts longer and
is more efficient. These lightings also have low cost of operation significantly. Philips is the
market leader for LED lights and it mainly focuses on higher margin activities. General
competitive stress has severely impacted the overall industry; as a result the price declining is
majorly because of economic scale.
Samsung, Philips and OSRAm have been exploring GaN on silicon technology, Although,
Epistar is working on 200mm technology. New market players are benefited by entry points
provided by continuous market shifts. They also build considerable opportunities for industry
participants to achieve rapid augmentation in market share. Market is anticipated to experience
shifts in market share as retailers move up the value chain to provide returns on investments.
Browse the full “LED Lighting Market” report at:
http://www.radiantinsights.com/research/led-lighting-market-shares-strategies-andforecasts-worldwide-2015-to-2020
Vendors seek control in their margins as there they are offering more pieces of LED light in the
market. Based on product performance, Vendors compete with other providers of LED lighting.
This is mainly measured by reliability, efficacy, augmented lumen output and light quality. Price
of product associated with acceptable level of quality is the major competitive issue in the LED
lighting market. LED vendors seek to present LED lighting products that holds superior product
quality and that attains lower cost of ownership.
In commercial situations, LED lights decreases the labor costs of replacing...