Description
The
objective of this report is to define, describe, and forecast the market on the
basis of type, application, medical condition, and region. It provides detailed
information regarding the major factors influencing the growth of the market.
This report also tracks and analyzes competitive developments of the key
players in terms of market developments, product portfolios, and financials
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LED
lighting market is projected to grow over 45% per year by 2020. The market was
estimated at $13 billion in 2014 and is likely to cross over $63 billion by
2020. Next generation lighting attains a complete substitute of luminous
filament bulbs with LED lighting that lasts longer and is more efficient. These
lightings also have low cost of operation significantly. Philips is the market
leader for LED lights and it mainly focuses on higher margin activities.
General competitive stress has severely impacted the overall industry; as a result
the price declining is majorly because of economic scale.
Samsung,
Philips and OSRAm have been exploring GaN on silicon technology, Although,
Epistar is working on 200mm technology. New market players are benefited by
entry points provided by continuous market shifts. They also build considerable
opportunities for industry participants to achieve rapid augmentation in market
share. Market is anticipated to experience shifts in market share as retailers
move up the value chain to provide returns on investments.
Vendors
seek control in their margins as there they are offering more pieces of LED
light in the market. Based on product performance, Vendors compete with other
providers of LED lighting. This is mainly measured by reliability, efficacy,
augmented lumen output and light quality. Price of product associated with acceptable level of quality is the major
competitive issue in the LED lighting market. LED vendors seek to present LED
lighting products that holds superior product quality and that attains lower
cost of ownership.
In
commercial situations, LED lights decreases the labor costs of replacing bulbs.
Furthermore, Firms dealing with LED bulbs are implementing new semiconductor
technology which will positively impact the overall market. Communities and
buildings lead the way of producing
more cost efficient systems; this is expected to grow the LED lighting
market significantly.
In
some cases, the utility plants are providing financing and funding to the other
firms so that most of the lighting consumers shift to LED lighting. Also, these lamps lower the total cost of
lighting which attracts both vendors and consumers. They present up to 50,000
hours of lighting with fraction of energy used of conventional incandescent
bulbs. Smaller size, improved durability, lower heat output, environment
friendliness and digital controllability are the few benefits offered by LED
lighting products.
Market Leaders
-
Cree
-
Epistar
-
Everlight Electronics
-
GE Lighting Solutions
-
GYLED
-
Lighting Science Group
-
Lite-On Technology / Ledtek
-
Mitsubishi / Verbatim
-
Osram / Sylvania
-
Philips
-
Samsung
-
Solid State Lighting Systems
-
Toshiba
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This
report is a complete study of current trends in the market, industry growth
drivers, and restraints. It provides market projections for the coming years.
It includes analysis of recent developments in technology, Porter’s five force
model analysis and detailed profiles of top industry players. The report also
includes a review of micro and macro factors essential for the existing market
players and new entrants along with detailed value chain analysis
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research studies are designed to facilitate strategic decision making, on the
basis of extensive and in-depth quantitative information, supported by
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global experience helping us deliver excellence in all research projects we
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