Industrial and Commercial LED Market Opportunities, Revenue, Size, Share, Trends, Competitive Analysis and Growth and Demand by 2023

04/lug/2018 00:26:21 Nasir Jones Contatta l'autore

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LED lights are widely used in variety of applications, which includes display and monitors, mobile devices, automotive lighting, signage, and others. According to Department of Energy (DOE), U.S., lighting accounts for about 20% of total commercial energy expenditure, in U.S. The International Energy Agency (IEA) has estimated that the global electricity spending for lighting can increase by 80% till 2030, if upgraded technologies are not implemented.

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Based on the various product types, the global industrial and commercial LED marketcan be bifurcated, as packaged LED market, LED lamp market, and LED luminaire market. The packaged LED market can be further categorized, as LED display, mobile devices, automotive, signage, lighting, and others. LED lamp market on the other hand can be segmented, as reflector, MR-16, Linear fluorescent tubes (LFT), A-19 and decorative, and others.

The decreasing prices of LED and the advancement in technology have increased its acceptability, across several applications. LED lighting, in its early phases was mostly adopted due to features such as better efficiency, improved operation in cold environments, and enhanced controllability.

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The commercial and industrial LED market has become highly competitive in terms of prices within a short time span of time. The major technology players such as Toshiba, Samsung and Sharp have entered in the industrial and commercial LED market to compete with the existing players including Cree, Lumileds, GE, and Osram.

Among global regions, Asia-Pacific accounted for the fastest growing industrial and commercial LED market in 2014.The fast growth in this region is attributed to the government initiatives, and increasing consumer awareness. Among other countries, U.S. is the largest market for the industrial and commercial LED market globally. Germany, France, Italy, Spain, China, India, Japan, Brazil, UAE, South Korea, and Australia are other major regional markets for industrial and commercial LED.

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The major competitors in the global industrial and commercial LED market are Digital Lumens, Inc., Osram Licht AG, Dialight plc, GE Lighting Solutions, Zumtobel AG, Koninklijke Philips Electronics N.V., Cree, Inc., Cooper Industries plc, and Toshiba Corporation.

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