Global LED Lighting Market Size, Growth, Trends, Industry Analysis and Forecast – By Acute Market Reports

Acute Market Reports announces that it has published a new study LED Lighting: Market Shares, Strategy, and Forecasts, Worldwide, 2015 to 2020. Next generation lighting achieves a complete replacement of incandescent filament bulbs with LED lighting that is more energy efficient, lasts longer and has a significantly lower cost of operation.

Philips is to sell its lighting business. The Dutch electronics group Philips has attracted bids from several private equity groups for the majority of its lighting components business, up for sale as it focuses on higher-margin activities. Philips, the market leader has been the first casualty as the profit margin on the individual LEDs is eroded because of overproduction in China. The achievement in price declines is because of economies of scale, and general competitive pressure have drastically affected the market. Philips is set to sell its lighting business soon.

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Epistar is working on 200mm technology. Philips, OSRAM, and Samsung have been actively exploring GaN on silicon technology. Market shifts provide entry points for new competitors. They create significant opportunities for participants to achieve rapid increase in market share. Shifts in market share are anticipated as vendors move up the value chain to increase returns on investment.

There is a move by vendors to provide more pieces of the LED light. In this way they seek to control their margins. Vendors primarily compete with other providers of LED lighting on the basis of product performance, as measured by efficacy, light quality, increased lumen output and reliability. Product cost combined with an acceptable level of quality is always a competitive issue.

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LED vendors seek to offer LED lighting products that achieve a lower total cost of ownership and enhanced product quality. The channel looks for a broad product portfolio. Those vendors with a broad product portfolio have access to strong retail channels. Channel strategy is further impacted by OEM relationships. A differentiated product design approach, proprietary technology and deep understanding of lighting applications aids the ability to compete in LED lighting markets.

LED lighting decreases labor costs of replacing bulbs in commercial situations. The LED bulbs are implementing new semiconductor technology. The 2015 study has 973 pages, 406 tables and figures. Worldwide LED lighting markets are poised to achieve significant growth as buildings and communities lead the way in implementing the more cost efficient systems. In some cases, the utility plants are providing funding and financing so that lighting users can make the shift to LED lighting.

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LED lamps lower the overall cost of lighting. LED lighting costs are less than costs with incandescent lights. LED lamps offer up to 50,000 hours of illumination with a fraction of the energy used by traditional incandescent bulbs. LED bulbs generate 90% less heat than incandescent bulbs. LED bulbs extend time between bulb replacements. The bulbs are used to achieve a near zero-maintenance lighting system.

LED lighting products are coming to market rapidly. Suppliers carry up to 150 different LED bulb and lamp styles to fit the various needs of consumers and businesses.

LED PAR lamps dominate the ENERGY STAR qualified product list, so back in 2012 IEE partnered with TopTen USA and Ecova to develop recommendations for top performing PAR38 and PAR30 LED lamps. The team developed an evaluation protocol that starts with the lamps found in ENERGY STAR’s list, to which we applied product criteria screens and testing to a subset of lamps to determine the 10 top performers. Efficiency along with aesthetics, payback period, and dimming performance were key criteria to the ranking.

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Global LED Lighting Market Size, Share, Growth, Leaders, Industry Research Analysis & Forecast Report 2020

According to the in-depth research study on global LED lighting market, the industry is expected to grow at an exponential 45% per year growth rate till 2020. The report, titled “LED Lighting: Market Shares, Strategies, and Forecasts, Worldwide, 2014 to 2020”,

LED Lighting: Market Shares, Strategies, and Forecasts, Worldwide, 2014 to 2020

The report further states that the global LED lighting market was estimated to be worth US$13.6 billion in 2014 and is anticipated to reach an impressive total market value of US$63.1 billion by 2020.

Market Driver: Replacement of Incandescent Bulbs with LEDs

The sale of LED lights is set to outpace incandescent bulbs in North America and is predicted to soon eliminate incandescent bulbs altogether. Furthermore, LED lights are leveraging economies of scale to establish price points that are attractive to consumers. This will further drive the global LED lighting market.

The replacing of incandescent bulbs with LED lights has begun all around the word, and the drive towards 100% replacement of existing lighting technology such as incandescent bulbs will support the growth of the LED lighting market. This can be attributed to the fact that LEDs are cheaper than incandescent lights, offer up to 50,000 hours of illumination, and generate 90% less heat compared to incandescent bulbs. These energy- and money-saving attributes of LED lights have made them popular among consumers across the globe. Aesthetics along with efficiency are further adding to the attractiveness of LED lighting.

Competitive Landscape: Philips to Sell its Lighting Business

The Dutch electronics group Philips is expected to sell its lighting business soon. The company has attracted several bids from private equity groups for a majority of its lighting components business. It is up for sale and is currently focusing currently on activities of higher profit margins. Philips has enjoyed the position of market leader for many years and has become the first casualty, since the profit margin on individual LEDs was eroded due to overproduction in China.

On the other hand, Epistar is currently working on 200 mm technology. The firms OSRAM, Philips, and Samsung are actively exploring technologies such as silicon and GaN. These technology trends will provide new entry points for upcoming competitors, as they will support participants in the global LED lighting market to achieve substantial and swift increase in market share. These market shifts are expected as vendors move up the value chain to elevate their returns on investments.

Other top vendors mentioned in this MRRSE Report include GE Lighting Solutions, Maxion Technologies, Mitsubishi/Verbatim, Solid State Lighting Systems, Lighting Science Group, and Cree. 

LED Lighting Market: Global Industry Analysis, Size, Share, Growth, Trends and Forecast

The Report LED Lighting: Market Shares, Strategies, and Forecasts, Worldwide, 2013 to 2019 provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. - MarketResearchReports.biz

The report states that the global LED lighting market was valued at US$4.8 billion in 2012 and is estimated to reach US$42 billion by 2019. Registering a CAGR of 45% from 2013 to 2019, the worldwide market for LED lighting is poised to achieve immense growth.

View Full Report at http://www.marketresearchreports.biz/analysis/176103

The 403-page market study features over 180 tables and figures. Analyses are based on interviews with worldwide stakeholders such as suppliers, vendors and end-users.

Factors propelling the LED lighting market

LED lighting offers many benefits over incandescent light bulbs: improved energy efficiency, durability, digital controllability, compact size, and increased environmental friendliness. Generating 90% less heat than incandescent light bulbs, LED lighting bulbs are considered to be near-zero maintenance lighting systems. Moreover, with the introduction of new semiconductor technology, demand for LED lighting from buildings and community sectors is likely to increase.

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Competitive landscape of the LED lighting market

The presence of numerous market players and financing from utility plants has helped make LED lighting affordable to major sections of the population, thereby fueling the LED lighting market. The price of an LED bulb in 2013 was US$10, which is now set to fall to US$6 per unit. As a result, LED lighting systems in North America are anticipated to completely replace traditional bulbs in a few years.

Some of the leading players featured in the LED lighting market report are Cree, Solid State Lighting Systems, GE Lighting Solutions, Philips, Maxion Technologies, QD Vision, Mitsubishi / Verbatim, Lighting Science Group, Toshiba, and Osram.

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