LED Lighting Market in Depth Analysis by Key Manufacturers - SAMSUNG ELECTRONICS CO. LTD., Philips Lighting N.V

Global LED Lighting market is expected to grow with a CAGR over 13% during the forecast period 2018-2025, due to growing application of LED Lights in Residential, commercial and Industrial sectors. Rising urban population and consumer shift towards energy efficient lighting system will positively drive the LED lighting Market. Since scarcity of natural resources and costs of energy are increasing, LED lighting is among the most cost-effective products to reduce the depletion of natural energy resources. Reduction in price of LED products and increase in infrastructure-building activities will drive the market. Significant reductions in price of LED lighting systems in the recent years have enhanced the adoption of various LED lighting products worldwide. In addition, governments have introduced favorable regulations regarding the conventional lighting and energy consumption across United States, European Union, China, and India that are anticipated to favor the market demand for LED lighting.

Request for PDF Sample of this Research Report@ https://bit.ly/2UWqbJM

Growing need among consumer for energy efficient lighting systems for various purposes is driving the Global LED lighting market.
Rising urban population and consumer shift towards energy efficient lighting system will positively drive the LED lighting Market. Since scarcity of natural resources and costs of energy are increasing, LED lighting is among the most cost-effective products to reduce the depletion of natural energy resources.
The demand for energy-efficient lighting systems are increasing across residential, commercial, and industrial sectors due to growing industrialization across the globe, increase in residential areas with better interior decorations owing to the changing lifestyle of people. The lower cost of operation along with reduced heat losses makes them the appropriate replacement for incandescent lights. Significant reductions in price of LED lighting systems in the recent years have enhanced the adoption of various LED lighting products worldwide. In addition, governments have introduced favourable regulations regarding the conventional lighting and energy consumption across United States, European Union, China, and India that are expected to favor the market demand for LED lighting.

Global LED Lighting Market: Key Product Analysis
LED Lighting Systems are segmented in various products which include LED Bulbs, LED Fixtures, Bare LED Tubes, LED Down lights and others.
• LED bulbs generate more light per watt than the conventional incandescent bulbs, which is more useful in energy saving devices. LED bulbs are able to emit light of various colors without the use of filters. They are more efficient and cost effective. LED bulbs are ideal for applications that require frequent on-off cycling since they do not burn out quickly like incandescent bulbs, which is rapidly driving the LED bulbs market.
• LED fixtures require almost 50% less electricity than conventional lights. LED fixtures have extended life which could be 30,000-50,000 and even longer. The performance of LED lights increases as the operating temperature decreases, unlike the incandescent lights. They have rapid cycling life and durability which is mainly surging the growth of LED fixtures.

Global LED Lighting Market: Scope of the Report
The Global LED Lighting market is segmented on the basis of product, end-user industry, application, and distribution channel. On the basis of product, the market is segmented into LED bulbs, led fixtures, bare led tubes, led down lights and others. On the end-user industry basis, the market is segmented into residential, commercial and industrial. On the basis of application, the market is segmented into Outdoor, Indoor, Back light, Automotive, and Others. On the basis of distribution channel, the market is segmented into Retail Distributors, and Online Suppliers.
On the basis of region, the market is segmented into five parts namely North America, Asia Pacific, Europe, Latin America, and Middle East & Africa.

Global LED Lighting Market: Competitive Dynamics
The global LED lighting market is dominated by a number of players, amongst them the major players are SAMSUNG ELECTRONICS CO. LTD., Philips Lighting N.V, GENERAL ELECTRIC COMPANY, LG INNOTEK CO. LTD, EVERLIGHT ELECTRONICS CO., LTD., Syska LED Lights Pvt. Companies in this industry are following different strategies to strengthen their market position.

Access Full Market Research Report@ https://www.blueweaveconsulting.com/led-lighting-market/

Contact Us:
info@blueweaveconsulting.com
https://www.blueweaveconsulting.com
Phone Number: 18666586826

About BlueWeave Consulting & Research Pvt Ltd. (BWC)

BlueWeave Consulting provides a full scope of business intelligence solution for solving your toughest challenges. BWC is an emerging global expert & pioneer in the market research and provision of exclusive market INTEL. We optimize your decision making by equipping your industry with an accurate & better market research according to your industry demands through our professionally designed qualitative & quantitative research methods. Our trendy & efficient sample collection methods, integrated data solutions as well as methodologies certainly make us a better partner that you can rely on. With collective experience in the varied fields of retail, market research and reporting, we provide the business insight and business practices that would give the required impetus for your company’s growth.

GD-69, Sector G, East kolkata Twp,
Kolkata, West Bengal

This release was published on openPR.