Portland, OR -- (ReleaseWire) -- 07/07/2014 -- Global light emanating diode (LED) market for lighting application incorporates LED for different lighting purposes, for example, general lighting, automotive, signals & signage and backlighting. The LED market is anticipated to register a CAGR of 6.30% from 2011 to 2016. The scope for LED lights is anticipated to have a substantial scope in the following five to seven years as it is the most energy efficient light in the market. Due to its increasing consumption of energy, the report expects the energy cost to rise by 45% by 2020. Rising energy cost is the key factor driving the LED market.
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High cost of LED would be a major limiting factor for the market growth. Cost of LEDs was around $40 in 2012, whereas other lights such as CFL was around $10 during the same period. Overheating of LEDs is creating a problem for manufacturers. They would have to imply best engineering methods to overcome the challenge of overheating.
Top companies profiled in the report are:
American Bright Optoelectronics Corp
D-Led Illumination Technologies
GE Lighting Solutions
International Light Technologies
Philips Lumileds Lighting Company
Samsung Led Co. Ltd.
Seoul Semiconductor Co. Ltd.
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This report is segmented on the basis of applications, technologies and geographies and the in-depth analysis of these segments provides market intelligence
The drivers, restraints and opportunities of the market are discussed according to the impact they have on the growth of the market
Value chain analysis discusses the role and significance of the chief stakeholders of the market
Porter’s five-force analysis provides detailed analysis of the potency of buyers and suppliers of the market
Energy efficiency is the key aspect for the market and the report discusses the implications of various energy regulations that impact the market
Estimations for LED market for lighting application and its segments are calculated for the analysis period of 2013-2020 along with historic revenue of 2012
The report discusses the challenges and opportunities present in various geographic regions so that companies can make region specific strategies
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