LEDs Replacing Incandescent and Florescent Technologies Worldwide.


Free Press Release Submitted by imarcgroup.com










Press Release Distribution

Numerous benefits of LEDs over conventional lighting technologies,
rising urbanization rates, rising awareness for energy management and
the continuous efforts to reduce the per unit production costs for
LEDs are expected to drive the global demand of LED products in the
next five years.  (Free-Pr-Online.com)

A light-emitting diode (LED) is a semiconductor device that emits
visible light when an electric current passes through it. LEDs are
currently on their way of transforming the global lighting sector.
Although the high costs of LEDs prohibited its penetration in many
applications, heavy investments from a number of companies have proved
to be an active component in cutting down the cost of LEDs. Due to
this, they are now becoming an affordable technology in the lighting
industry. LEDs have many benefits over conventional lighting
technologies. They are smaller, have a longer operating life, exhibit
high efficiency, emit no radiation or heat from light and consume up
to 90% less electricity than traditional light sources. As a result,
LEDs are now replacing incandescent and florescent technologies
worldwide. Moreover, the global concern of conserving energy and
reducing the CO2 emissions has further increased the demand of LEDs.

According to IMARC group’s latest study “LED Market – Industry
Trends, Manufacturing Process, Plant Setup, Machinery, Raw Materials,
Cost and Revenue” the global LED market has grown at a CAGR of
around 39% during 2008-2015, reaching a market value worth US$ 40.8
billion in 2015. The report has segmented the market on the basis of
LED products mainly LED lamps, modules and fixtures. LED lamps and
modules are rapidly replacing conventional lamps used for general
lighting especially in the residential and commercial sectors. On the
other hand, with the construction of new green buildings and
retrofitting of existing buildings, the demand for energy efficient
LED fixtures is also on the rise. Based on application, retrofit
represented the largest segment where LED based lighting products were
used. Retrofit segment was followed by retail & hospitality, outdoor,
offices, architectural, homes, industry and others.

Read full report on Led market with Toc:

Region wise, China represented the world’s largest market for LED
based lighting products, followed by Europe, North America, Asia
Pacific, Japan, Middle East & Africa and Latin America. Mapping out
the competitive layout, Nichia represented the largest player in the
global LED market, followed by Osram, Samsung Electronics, Everlight
Electronics, LG Innotek, Epistar, Seoul Semiconductor, Cree, Lumileds,
Mulinsen and others. Looking forward, growing urbanization, rising
awareness towards energy management and the continuous efforts to
reduce the per unit production costs for LEDs are expected to drive
the global demand of LED products in the next five years.

Enquiry for sample report or more details, click here:

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