Global LED General Lighting Market to Grow at 27.55% CAGR by 2018

Global LED General Lighting Market 2014-2018 is the latest addition to industry research reports collection.

An LED is a semiconductor light source used for purposes such as general lighting, backlighting, and automotive lighting in residential, office, retail, and hospitality spaces and in industrial, outdoor, and architectural applications. Its efficiency and low cost help address key issues such as the energy crisis, resource scarcity, and climate change, and enhances safety in cities and productivity in offices. It also has the ability to provide an enhanced sense of health and well-being. Lighting consumes approximately 20 percent of all the power in the world and by using LED lighting, people can save, on an average, up to 40 percent of energy every year.

LED lights have many advantages over other lighting sources including:

  • High intensity of brightness
  • High energy efficiency
  • Low voltage and current requirements
  • Low radiated heat
  • High reliability
  • Negligible UV rays
  • Long life span
  • Ability to be easily controlled and programed

Analysts forecast the Global LED General Lighting market to grow at a CAGR of 27.55 percent over the period 2013-2018.

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The report recognizes the following companies as the key players in the Global LED General Lighting Market: Cree Inc., LG Innotek Co. Ltd., Nichia Corp., OSRAM Opto Semiconductors GmbH, Philips Lumileds Lighting Co., Samsung LED Co. Ltd. and Seoul Semiconductor Co. Ltd.

Other Prominent Vendors in the market are: Everlight Electronics, GE Lighting, Lite-On Technology and Toyoda Gosei.

One key trend emerging in this market is the declining average selling price of LED light bulbs, which has increased their adoption in various lighting applications. Many LED vendors are actively participating in price wars and are offering 40 W and 60 W equivalent LED light bulbs at significantly lower prices. This has made LED light bulbs affordable to consumers, resulting in their increased adoption.

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Covered in this Report

The Global LED General Lighting market can be divided based on application into eight segments: Architectural, Hospitality, Industrial, Office, Outdoor, Residential, Retail, and Others.

Global LED General Lighting Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, the APAC region and the EMEA region; it also covers the Global LED General Lighting market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

According to the report, a major factor driving the market growth is the need for energy-efficient lighting solutions. Due to reduction in the consumption of energy and associated environmental impacts arising from carbon emissions, consumers are increasingly adopting energy-efficient lighting products, such as LEDs.

Further, the report states that low consumer awareness is one of the major challenges that the market faces. Most of the application segments in the Global LED General Lighting market have a low LED penetration rate. This reason for this is that consumers do not give preference for the quality and nature of lighting over the cost.

Table of Contents
01. Executive Summary
02. List of Abbreviations
03. Study Scope and Definition
04. Market Research Methodology
05. Introduction
06. Technology Landscape
07. Market Landscape
08. Regulations on Incandescent Lighting by Country
09. Market Segmentation by Application
10. Geographical Segmentation
11. Buying Criteria
12. Market Growth Drivers
13. Drivers and their Impact
14. Market Challenges
15. Impact of the Drivers and Challenges
16. Market Trends
17. Trends and their Impact
18. Vendor Landscape
19. Key Vendor Analysis
20. Other Reports in this Series

List of Exhibits:
Exhibit 1: Market Research Methodology
Exhibit 2: LED Lighting Supply Chain
Exhibit 3: LED Production Process Flow
Exhibit 4: LED Lighting Value Chain
Exhibit 5: LED Bulb: Components
Exhibit 6: Components of LED Lighting
Exhibit 7: Types of LED Chips Based on Color Emitted by LED Bulbs
Exhibit 8: Market Overview: Global LED General Lighting Market
Exhibit 9: Global LED General Lighting Market 2013-2018 (US$ billion)
Exhibit 10: Penetration Rate of LED in General Lighting by Value 2011-2018
View all 28 Exhibits

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