Friday, 22 May 2015

The Global LED lighting market would grow at the rapid pace 45% per year through 2015-2020

Research Beam has added a new report titled “LED Lighting: Market Shares, Strategy, and Forecasts, Worldwide, 2015 to 2020”. The market for LED lighting would completely replace that of incandescent filament bulbs since it has more durability, more energy efficient, and also is cost effective. The report mentions that the market forecasts indicates that the LED lighting market would completely achieve economies of scale, thus greatly increasing the customer base. The LED lighting market would grow at 45% per annum through amid the period 2015-2020. LED lights market was valued at $13.6 billion in 2014, and are expected to attain $63.1 billion by the end of 2020.

The report offers an in-depth analysis of the current and future market trends, key drivers and growth opportunities of the LED lighting market globally. Perusal of the aforementioned report would give the stakeholders a comprehensive analysis of the intense competition which other standard lighting equipment faces in terms of flexibility and features. This would result in the tremendous growth of the market. The report analyses the market shifts that would lead different vendors manufacturing lighting equipment to enter the market. The report further highlights the shift in business strategy followed by some prominent companies to increase their market share. For instance, companies such as Philips, OSRAM, and Samsung have been pursing GaN which is a semiconductor material having stable wide bandgap.

The report offers valuable insights how leading manufacturers actively pursue broad product portfolio and the strategies they create to strengthen their retail channels to achieve economies of scale. The report further offers a glimpse of the strides taken by the LED lighting industry in terms of technological advancements and product.

Some of the market leaders profiled in the report are: Epistar, Lighting Science Group, Samsung, Mitsubishi / Verbatim, Philips, Solid State Lighting Systems, Everlight Electronics and Toshiba.

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