Portland, Oregon (PRWEB UK) 5 June 2014
Global light emitting diode (LED) market meansthe use of LED in several lighting procedures such as automotive, backlighting, general lighting, and signals & signage. The report projects the global LED market to register a CAGR of 6.30% from 2011 to 2016. LED market would grow at a tremendous rate due to its high efficiency in the next 4 to 7 years.
Get full access of the report at http://www.alliedmarketresearch.com/light-emitting-diodes-market.
Ever-rising energy cost is the key factor for the growth of LED market. However, high cost of LED lights in comparison to other lights such as compact florescent lamps (CFL) would prove to be detrimental for the growth of market. In 2012, cost of one LED light was around $40; however, during the same period, CFL cost about $10. Hence, LED makers must work to decrease overhead prices and must address the cost issue.
Top firms in the global LED market are:
American Bright Optoelectronics Corp
D-Led Illumination Technologies
GE Lighting Solutions
International Light Technologies
Philips Lumileds Lighting Company
Samsung Led Co. Ltd
Seoul Semiconductor Co. Ltd
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KEY MARKET SEGMENTS
GLOBAL MARKET BY APPLICATION
Signals and Signage
GLOBAL MARKET BY TECHNOLOGY
High Brightness LED
Organic LED (OLED)
Ultraviolet LED (UV-LED)
Polymer LED (PLED)
GLOBAL MARKET BY GEOGRAPHY
LED Light Manufacturer, Dealers, and Wholesalers
Technology Providers for LED Lighting
Browse all power and energy reports by Allied Market Research at http://www.alliedmarketresearch.com/energy-and-power-market-report
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