Global LED Lighting Market Analysis 2013 to 2019
Albany, NY (PRWEB) November 24, 2014 -- The report states that the global LED lighting market was valued at US$4.8 billion in 2012 and is estimated to reach US$42 billion by 2019. Registering a CAGR of 45% from 2013 to 2019, the worldwide market for LED lighting is poised to achieve immense growth.
View Full Report at http://www.marketresearchreports.biz/analysis/176103
The 403-page market study features over 180 tables and figures. Analyses are based on interviews with worldwide stakeholders such as suppliers, vendors and end-users.
Factors propelling the LED lighting market
LED lighting offers many benefits over incandescent light bulbs: improved energy efficiency, durability, digital controllability, compact size, and increased environmental friendliness. Generating 90% less heat than incandescent light bulbs, LED lighting bulbs are considered to be near-zero maintenance lighting systems. Moreover, with the introduction of new semiconductor technology, demand for LED lighting from buildings and community sectors is likely to increase.
Download Detail Report With Complete TOC at http://www.marketresearchreports.biz/analysis/176103
Competitive landscape of the LED lighting market
The presence of numerous market players and financing from utility plants has helped make LED lighting affordable to major sections of the population, thereby fueling the LED lighting market. The price of an LED bulb in 2013 was US$10, which is now set to fall to US$6 per unit. As a result, LED lighting systems in North America are anticipated to completely replace traditional bulbs in a few years.
Some of the leading players featured in the LED lighting market report are Cree, Solid State Lighting Systems, GE Lighting Solutions, Philips, Maxion Technologies, QD Vision, Mitsubishi / Verbatim, Lighting Science Group, Toshiba, and Osram.
About MarketResearchReports.biz
Marketresearchreports.biz ( http://www.marketresearchreports.biz/ ) is the most comprehensive collection of market research reports, supporting clients’ market intelligence needs with over 100,000 market research reports, company profiles, data books, and regional market profits in its repository. We also offer consulting support for custom market research needs.
Our document database is updated by the hour, which means that our customers always have access to fresh data spanning over 300 industries. From Fortune 500 companies to SMEs, Marketresearchreports.biz has built a veritable reputation for fulfilling the most exacting market research needs.
Michell Thoras, Market Research Reports, http://www.marketresearchreports.biz/, +1 (518) 618-1030, [email protected]
Share this article