Chip On Board Light Emitting Diode Market Set to Witness an Uptick during 2016 - 2024

Growing demand for the energy efficient lighting techniques with low costs is helping the Chips on Board (COB) light emitting diode market to gain a consistent market share. Developing infrastructures, government initiatives, demand for energy efficient products and urbanization are some of the factors resulting in the growth of this market. Conventional lighting systems are very costly with poor lighting source, thus this is helping in the growth of COB LED market. COB LED technology provides features such as high intensity output, cost-effective lighting and low power consumption. Currently, this market is having less shares in the lighting market, but in less time it will gain large market shares, as the market is at growing stage.

In the global market APAC holds the maximum share for this market, followed by Europe and U.S... Countries like Taiwan, Japan and China are the main contributors in terms of manufacturing and use to the overall market.

Request Sample Report @ https://www.persistencemarketresearch.com/samples/10747

Government support in many countries for energy efficient technologies, slim & flat design, better color mixing and longer life span are some of the major driving forces for this market. And higher prices and complex manufacturing process are some of the restraints at current situation for this market. These restraints will be solved as the companies achieve economies of scale over a period. Thus cost saving is a good opportunity foe the market players including advancements in design front.

Request to view table of content @ https://www.persistencemarketresearch.com/toc/10747

The COB LED market is segmented on the basis of applications and geography. On the basis of application the COB LED market is segmented into illumination, automotive, backlighting and others consisting of medical equipment, projectors and others. Ob the basis of geography the COB LED market is segmented into four major regions as North America, Europe, APAC and RoW.

Osram Opto Semiconductors GmbH, Perkinelmer, Citizen Electronics Co. Ltd., Cree Inc., Seoul Semiconductor Co. Ltd., GE Lighting, Enlux Lighitng, EMTEQ, Prophotonix, Cooper Lighting, LumiShoreLtd., Philips Lumileds Lighting Co., Samsung Electronics Co. Ltd., Leiso Lighting Tech. Ltd. and Luminage among others are some of the major key players in COB LED market.

Read Report @ https://www.persistencemarketresearch.com/market-research/chip-on-board-light-emitting-diode-market.asp

About Us

Persistence Market Research (PMR) is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients’ business needs.

PMR stands committed to bringing more accuracy and speed to clients’ business decisions. From ready-to-purchase market research reports to customized research solutions, PMR’s engagement models are highly flexible without compromising on its deep-seated research values.

Contact

Persistence Market Research Pvt. Ltd

305 Broadway

7th Floor, New York City,

NY 10007, United States,

USA – Canada Toll Free: 800-961-0353

Email: sales@persistencemarketresearch.com

media@persistencemarketresearch.com

Web:www.persistencemarketresearch.com

This release was published on openPR.