Irving, Texas (PRWEB) January 22, 2013
APAC represents the highest growth in the global LED industry, due to heavy investment of the Chinese government on domestic LED industry to promote its growth and to meet the future lighting requirements. The industry experienced good growth during 2006-2011 and is expected to reach an estimated $26.2 billion by 2017 at a CAGR of 8.5% over the next five years (2012-2017).
Lucintel, a leading global management consulting and market research firm, has analyzed global LED industry and offers its findings in its comprehensive research report, “Global LED Industry 2012-2017: Trend, Profit, and Forecast Analysis.”
This report is geographically segmented in four regions: North America, Europe, Asia Pacific, and the Rest of World. APAC witnessed the highest growth during 2006-2011 and is forecast to retain its dominant position over 2012-2017. Global energy conservation awareness and environmental protection concerns are anticipated to drive the industry.
Lucintel has identified that competing technologies, high price, less availability of materials, and expensive equipment are the major growth challenges. Government initiatives and subsidy programs, less energy consumption, low carbon emission, longer lifespan, and lower replacement cost are the drivers that provide the industry with competitive advantage.
This market report is an indispensable reference guide for materials suppliers, product manufacturers, investors, executives, distributors, and many more that operate in this market. To make business, investment, and strategic decisions, you need timely, useful information these market reports fulfill these core needs.
This Lucintel industry research report includes recent industry scope and overview, global macroeconomic overview, relative market attractiveness by region, annual industry trend, emerging trends, industry forecasts, Porter's Five Forces Analysis, product launches, and merger and acquisition activity that determines opportunities, competitive landscape, and profitability trend and analysis of the major industry players. The key insights sections portray beneficial information on an industry segment's growth and regional growth trends.
For a detailed table of contents and pricing information on this timely, insightful report, contact Lucintel at +1-972-636-5056 or via email at helpdesk(at)lucintel(dot)com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, insight, growth consulting and cost efficiency.
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