Press release
High Brightness LED Market Major Players: Cree, Nichia, Broadcom, Kingbright Electronic, Sharp, OSRAM GmbH, Moritex, Samsung Electronics, Seoul Semiconductor
High Brightness LED Market
According to latest research report of Global Market Insights, INC., Global High Brightness (HB) LED Market to surpass USD 20 billion in 2023. Stringent regulations in the lamp market has led to increasing adoption of HB LED lamps. These lamps have higher lifetime as compared to conventional products, and are also energy efficient in nature. Longer lifespan and better energy efficacy reduce the overall cost of ownership in the high brightness LED market. These products do not dissipate heat and are hence adopted widely in applications characterized by high heat sensitivity. High initial cost associated with these products may inhibit the acceptance across the industry and is anticipated to hamper the high brightness LED market demand. The cost is mainly on account of the low lumen output drive circuitry and power supply.
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Top Key Players: -
Some of the players operating in the high brightness LED market include Cree, Nichia, Broadcom, Kingbright Electronic, Sharp, OSRAM GmbH, Moritex, Samsung Electronics and Seoul Semiconductor.
Market share calculation in this report is not done based on companies covered in it. The calculation of agricultural high brightness LED market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
Regional Segmentations: -
The high brightness LED market has found extensive usage across lighting applications, where it exhibits high penetration and growth rate. Additionally, rapid penetration in China and Japan is driving the Asia Pacific industry for transitioning to these products in general lighting.
Varied stringent government regulations and support across the globe for the reduction of energy loss is expected to positively elevate the industry. In India, the Bureau of Energy Efficiency has initiated pilot programs for encouraging the use of LED streetlights for municipalities and local civil bodies for secondary parks, roads and secondary areas.
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Partial Chapter of the Table of Content
Chapter 1 Methodology and Scope
1.1 Research Methodology
1.1.1 Initial data exploration
1.1.2 Statistical modeling and forecast
1.1.3 Industry insights and validation
1.2 Data Sources
Chapter 2 Executive Summary
2.1 HB LED industry 3600 synopsis, 2012 - 2023
Chapter 3 HB LED Industry Insights
3.1 Industry segmentation
3.2 Industry size and forecast, 2012 - 2023
3.3 Industry ecosystem analysis
3.3.1 Vendor landscape
3.4 HB LED market dynamics
3.4.1 Growth drivers
3.4.1.1 Positive regulatory outlook
3.4.1.2 High replacement demand
3.4.1.3 Growing consumption across application areas
3.4.2 Industry pitfalls & challenges
3.4.2.1 Cost concerns
3.5 Growth potential analysis
3.6 Porter’s analysis
3.7 Key competitor analysis, 2015
3.8 PESTEL analysis
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Extended life cycle is projected to lower replacement cost as well as maintenance crew charges to a great extent. Furthermore, industry players are now concentrating on optimizing pricing strategies to boost high brightness LED market share over the forecast period.
Absence of IR radiation has led to proliferating application for food and textile illumination, which is forecast propel industry growth over the forecast timeframe. Excessive usage in high temperatures may overheat the equipment package and in turn is likely to cause breakdown, as performance is highly dependent on ambient temperature. In addition, it requires ample heat sinks to enable implementation in numerous applications such as military, medical, and automotive sectors.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
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