Press release
High Power LED Market Analysis, Demand and Growth Rate | Key Players are Cree Inc., Samsung Electronics Co. Ltd., Seoul Semiconductor Co. Ltd., Everlight Electronics Co. Ltd.
High Power LED Market
As people are becoming more and more aware of the rapidly growing energy crisis, the adoption of energy-efficient products has been on a rise. Moreover, the governments of several countries are also focusing on reducing the consumption of energy. These factors are leading to an increasing demand for energy-efficient lighting solutions, such as high-power light emitting diodes (LED).
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Some of the other key players operating in the global high power LED market include:
1. Cree Inc.
2. Samsung Electronics Co. Ltd.
3. Seoul Semiconductor Co. Ltd.
4. Everlight Electronics Co. Ltd.
5. MLS Co. Ltd.
6. LG Innotek Co. Ltd.
7. Broadcom Inc.
8. Epistar Corporation
As per a research conducted by P&S Intelligence, in 2018, the global high-power LED market reached a value of $12,647.2 million and is expected to advance at a 5.3% CAGR in the near future.
Know Notable Developments in this Technology: https://www.psmarketresearch.com/market-analysis/high-power-led-market
Among all these, the largest demand for high power LEDs was created for the application of general lighting in 2018 due to the rising sales of downlight, area light, spotlight, tunnel light, and industrial light.
The research offers historical market size of the Global High Power LED market for the period 2014–2018 and market forecast for the period 2019–2024.
Global High Power LED Market Segmentation
Market Segmentation by Wattage
1–2.9 W
3–4.9 W
5–10 W
>10 W
Market Segmentation by Application
General Lighting
Automotive
Signs & Signals
Backlighting
Others (Including Camera Flash Lighting, Infrared Emitter, and UV LEDs)
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Some of the other key players operating in the global high power LED market include Cree Inc., Samsung Electronics Co. Ltd., Seoul Semiconductor Co. Ltd., Everlight Electronics Co. Ltd., MLS Co. Ltd., LG Innotek Co. Ltd., Broadcom Inc., and Epistar Corporation.
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About P&S Intelligence
P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.
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