Lewes, DE -- (SBWire) -- 06/29/2017 --Report forecast the LED Lighting Market in Brazil to grow at a CAGR of 14.19% during the period 2017-2021.
A light-emitting diode (LED) is a semiconductor diode electronic device that emits visible light when current passes through it. The light is not very bright, but in a large number of LEDs, it is monochromatic and is of a single wavelength. LED output can range from red (approximately 700 nanometers wavelength) to blue-violet (about 400 nanometers wavelength). LEDs help to address the key issues like energy crisis, resource scarcity, and climate change due to their low cost and efficiency. Lighting uses up around 20% of the global power generated, and the use of LED lighting will help save around 40% energy annually.
The report covers the present scenario and the growth prospects of the LED Lighting Market in Brazil for 2017-2021. To calculate the market size, the report considers the domestic demand and exports. The domestic demand also considers the imports. Market estimates also include the sales of LED lighting solutions in three applications segments including automotive lighting, backlighting, and general lighting.
According to the report, one of the major drivers for this market is declining manufacturing cost of LEDs. The cost of manufacturing LED lights have declined since 2012 and will continue to decline during the forecast period. The declining ASP of the chips and components used for manufacturing LEDs has led to a decline in the ASP of LED lights. The high growth potential of LED lighting market is compelling vendors to focus more on LEDs instead of traditional lighting sources.
Further, the report states that one of the major factors hindering the growth of this market is high import duties. Imports in Brazil are subjected to different fees and taxes, which are generally paid during the customs clearance process. There are three taxes that account the majority of import costs: the import duty, the Merchandise and Service Circulation tax (ICMS), and the industrialized product tax. In addition to these taxes, a number of smaller taxes and fees apply to imports.
LED Lighting Market in Brazil 2017-2021, 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 over the coming years. The report also includes a discussion of the key vendors operating in this market.
key players in the LED lighting market in Brazil: Cree, GE Lighting, NICHIA, OSRAM Opto Semiconductors, Philips Lighting, and Seoul Semiconductor.
Other Prominent Vendors in the market are: Dialight, Eaton, HELLA, TOSHIBA, and Panasonic.
Market driver
- Declining manufacturing cost of LEDs
- For a full, detailed list, view our report
Market challenge
- High import duties
- For a full, detailed list, view our report
Market trend
- Emergence of smart lighting
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- 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?
- What are the strengths and weaknesses of the key vendors?
Spanning over 76 pages "LED Lighting Market in Brazil 2017 - 2021" report covers Executive summary, Scope of the report, Research Methodology, Introduction, Market landscape, Five forces analysis Market segmentation by application, Decision framework, Drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.
Please visit this link for more details: http://www.marketresearchreports.com/technavio/led-lighting-market-brazil-2017-2021
Find all Industry and Manufacturing Reports at: http://www.marketresearchreports.com/industry-manufacturing
About Market Research Reports, Inc.
Market Research Reports® Inc. is world's largest store offering quality market research, SWOT analysis, competitive intelligence and industry reports. We help Fortune 500 to Start-Ups with the latest market research reports on global & regional markets which comprise key industries, leading market players, new products and latest industry analysis & trends.
Contact us for your market research requirements: http://www.marketresearchreports.com/contact
