Albany, NY -- (SBWIRE) -- 05/18/2017 -- Due to the several advantages of LED lighting, the global market for LED lighting is expanding at a rapid pace and LED lighting has the potential to revolutionize the lighting sector. Observing the commercial feasibility of LED lighting technology, it is going to be one of the most promising technologies by the year 2020. A new research report titled as "LED Lighting Market: Global Industry Analysis and Forecast, 2017-2025" has been recently added to the huge portfolio of Market Research Hub's online research offerings. This market report is a professional and in-depth study of the current state as well as future potential of the global LED lighting market. The report predicts that the global LED lighting market will register a CAGR of 16.6% between 2017 and 2025. At this pace, the market is expected to reach a valuation of US$ 126,000 million by the year 2025 from nearly US$ 37,000 million in 2017.
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This latest report on global LED lighting market consists of four main parts. The first part is devoted to market definitions, market segregations and acronyms used in the study. In the second part of the report, the key factors enabling and influencing the growth of the global LED lighting market are briefly elaborated. This section covers growth drivers and the effect of these drivers on the global market. Major challenges faced the global LED lighting market and the influence of these challenges on the market are also included in the report. Furthermore, trends, opportunities and major recent developments in the global LED lighting market have been studied. The third part of the report includes the analysis and insights into the global LED lighting industry and comprise the bulk of this report. This part provides information about the market size and CAGR for historic period and forecast period. Year-on-year growth rate comparison of different segments and sub segments of the global LED lighting market are also offered in this section of the report. The report further studies prominent geographic regions, which include Asia Pacific, North America, Latin America, Europe and Middle East and Africa.
In the fourth and final part of the report, a competitive landscape analysis is provided based on relative positioning of the market participants in the global LED lighting market. Besides this, the company profiles covers information such as company overview, financial strategies, SWOT analysis, recent developments and a brief business strategy of the key players in the global LED lighting market. Some of the key players operating in the global market are GE Lighting, LLC, Cree, Inc., Sharp Corporation, Eaton Corporation (Cooper Industries PLC), Daktronics Inc., Samsung Electronics Co. Ltd., Philips Lumileds Lighting, Toshiba Lighting and Technology Corporation, Acuity Brands Lighting, Inc., Hubbell Lighting, Inc. and others.
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