Lewes, DE -- (SBWIRE) -- 07/01/2015 -- Report forecast the LED lighting market in South Korea to grow at a CAGR of 22.99% over the period 2014-2019.

An LED is a semiconductor light source used for general lighting, backlighting, and automotive lighting. LED lighting is used for exterior as well as interior lighting applications. LED lighting is gaining acceptance because of its efficiency and low cost. It is environment-friendly as it helps reduce energy consumption by up to 40%. In addition, LED light has many advantages over other lighting sources such as high intensity of brightness, high energy efficiency, low-voltage and current requirements, low radiated heat, high reliability, negligible UV rays, long lifespan, and ability to be easily controlled and programmed.

The report covers the present scenario and the growth prospects of the LED lighting market in South Korea during the period 2015-2019. Based on application, the market is segmented into three: general lighting, backlighting, and automotive lighting.

LED Lighting Market in South Korea 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

Key players in the LED Lighting Market in South Korea: Cree Inc., LG Innotek, Lumileds, Nichia Corp., Osram Licht AG, Samsung Engineering Co., Ltd. and Seoul Semiconductor Co. Ltd

Other Prominent Vendors in the market are: Acuity Brands, Cooper Lighting, Hubell, Everlight Electronics and GE Lighting.

According to the report, vendors in South Korea have not restricted their focus to premium segments such as industrial units. They are also focusing on providing medium- or low-end LED lighting products for household lighting purposes, where cost plays an important role. Big players are seeking vertical integration to obtain more control over their supply chain, whereas smaller manufacturers are looking for partnerships and M&A.

Market Driver
- Energy-efficient Lighting Source
- For a full, detailed list, view our report

Market Challenge
- Pricing Strategies
- For a full, detailed list, view our report

Market Trend
- Falling ASP of LED Lamps
- For a full, detailed list, view our report

Key Questions Answered in this Report
- What will the market size be in 2019 and what will the growth rate be?
- How within the segment the market will behave?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?

Spanning over 64 pages, "LED Lighting Market in South Korea 2015-2019" report covers Executive Summary, List of Abbreviations, Scope of the Report, Market Research Methodology, Introduction, Market Landscape, Market Segmentation by Application, Buying Criteria, Market Growth Drivers, Drivers and their Impact, Market Challenges, Impact of Drivers and Challenges, Market Trends, Trends and their Impact, Vendor Landscape, Key Vendor Analysis.

For further information on this report, please visit- http://www.marketresearchreports.com/technavio/led-lighting-market-south-korea-2015-2019

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