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(IT-NEWSWIRE.COM, September 04, 2019 ) Market Overview
A light-emitting diode (LED) is a semiconductor device that emits incoherent narrow-spectrum light when a p-n junction is forward electrically biased.
LEDs are a very efficient form of energy production and have already come down in cost far enough.
LEDs are an extremely efficient form of lighting and have an extremely long life span.
Market Drivers
The market for LED lighting is on a clear transition path from conventional lighting technologies to LED.
Some of the advantages of LED lights over the traditional light sources are long life, energy efficient, ecologically friendly, durable, zero UV emission, design flexibility, low voltage, and so on.
The accelerated rate of LED lights usage in households and businesses.
Increasing demand for outdoor application along with powerful energy efficiency.
The increasing application of LED in the entire residential house.
Implementation of the EU Green Paper can lead to new opportunities for the European LED market in near futures.
Market Dynamics
The Global LED lighting market is majorly influenced by three factors such as macroeconomic situations, energy efficiency regulations across the world, and government actions limiting specific energy sources.
Macroeconomic circumstances, which includes new constructions and consequently the number of new lighting installations.
Regulations across the globe have become more stringent, fueling the penetration of more energy-efficient light sources.
Price Trends
LED prices have eroded at a faster pace, pulling forward the payback time of LED lighting. According to the industry experts LED share in general lighting is expected to reach 70% in 2020 from 45% in 2016.
Geographical Analysis
Asia-Pacific holds a major market share of the total market and growing at a higher CAGR during the forecast period 2019 to 2026 owing to increasing consumption of efficient energy lights in the countries such as China, India, Japan, South Korea, and Vietnam.
Asia-Pacific also holds a larger market share in the total market in 2017 followed by Europe and North America and is expected to reach approximately 45% of the global general lighting market by 2020. At present, Asia leads the market transition to LED in general lighting, driven especially by countries such as China, India, and Japan.
Taiwan, Japan, and China are key contributors to regional growth owing to initiatives undertaken by the respective governments for embracing light emitting diodes and the existence of many market players.
Market Segmentation
LED Lighting Market is segmented on the application into large display backlighting, general illumination, Automotive, signage, mobile appliances, and others.
The market further classified based on the type of LED such as traditional inorganic LEDs, organic LEDs, high brightness LEDs, and others.
Besides, the market is sorted by product type, which includes spotlight, tube light, washer lights and, others
Sales share of the leading light bulb vendors in the United States in 2016.
Market Report Scope
The report covers :
The factors impacting the market Porter 5 Force,Market Share Analysis, Price trend analysis, Product Benchmarking.
Type
Traditional Inorganic LED Lightings
Organic LED Lightings (OLED)
High Brightness LED Lightings
Others
By Application
Large Display Back Lighting
Automotive
Mobile Appliances
General Illumination
Signage
Others
Geographical Share
Asia Pacific
Europe
North America
South America
Rest of the World.
Company Profiles
Philips
General Electric
Panasonic
Others
View full sample report: https://www.datamintelligence.com/research-report/led-lighting-market
Download free sample: https://www.datamintelligence.com/download-sample/led-lighting-market
About Us
DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.
For more information:
Sai Kiran
Sales Manager at Data M Intelligence
Email: info@datamintelligence.com
Tel: +1 877 441 4866
Website: www.datamintelligence.com
DataM Intelligence
Sai Kiran
+1 877 441 4866
pr@datamintelligence.com
Source: EmailWire.Com 
Source: EmailWire.com
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