High-Brightness LED Market to Hit 7.15% to 2021

The High-Brightness LED Market Research Report is a professional and in-depth study on the current state also focuses on the major drivers and restraints for the key players.

Marketsizeforecasters.com adds new global High-Brightness LED market: report that lists top active companies as Cree, GE Lighting, LG Innotek, Lumileds, Nichia, OSRAM, Samsung Electronics, and Seoul Semiconductor.

Other Prominent Vendors in the market are: Dialight, Eaton, Emerson Electric, Lite-On, M.L.S Electronics, TOSHIBA Lighting & Technology, and TOYODA GOSEI.

Research analysts forecast the global HB LED market to grow at a CAGR of 7.15% during the period 2017-2021.

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Commenting on the report, an analyst team said: The rapid urbanization worldwide, especially in emerging economies is increasing the demand for lighting devices in a growing number of households. The residential segment is one of the major contributors to the growing demand for lighting devices. The demand for general lighting (lamp and luminaire) in the residential segment will grow at a CAGR of 5.08% during the forecast period, while the global general lighting market will grow at a CAGR of 5.45% during the forecast period.

The listed pricing for this High-Brightness LED Market report starts at $ 3500.
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According to the report, escalating energy cost and consumption have been compelling both governments and consumers to reduce energy consumption and employ power-saving lighting solutions. HB LEDs are technically efficient in terms of lighting and power consumption. In addition to providing power-efficient lighting, HB LED bulbs last longer than incandescent bulbs by up to thousands of hours. In addition, flexible HB LED technology enables the effective use of lighting controls and thus increases the potential for saving. The exhibit below draws a comparison of the three different 60-watt equivalent light bulbs.

Further, the report states that though the total cost of LED lamps and fixtures is low compared with traditional incandescent and halogen bulbs, the high initial cost acts as a hindrance for consumers. The total cost of installation includes the cost of LED luminaires and labor cost. In addition, if the consumer installs smart lighting fixtures, they must spend additional money on the Internet of Things (IoT) infrastructure. The price of smart bulbs also varies by the type of manufacturers. The price of products from major smart LED bulb manufacturers varies from $15 to $180.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Browse full table of contents and data tables For High-Brightness LED Market Report of 70 pages https://marketsizeforecasters.com/global-high-brightness-led-market

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