Albany, NY -- (SBWIRE) -- 05/27/2014 -- According to a new market report published by Transparency Market Research, "Industrial and Commercial LED Lighting (Industrial, Commercial, Architectural, and Outdoor) Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2013 - 2019," the global industrial and commercial LED lighting market was worth USD 12,927.9 million in 2012 and is expected to reach USD 86,087.9 million by 2019, growing at a CAGR of 30.8% from 2013 to 2019. Europe was the largest market for industrial and commercial LED lighting market in 2012. Growth in this region is primarily driven by government initiatives and projects for LED lighting deployment. In addition, ban on incandescent bulbs across the different countries is expected to drive the market in near future.
Browse Industrial and Commercial LED Lighting Market Report with Full TOC: http://www.transparencymarketresearch.com/industrial-commercial-led-lighting-market.html
The industrial and commercial LED lighting market is driven by various factors including high efficiency and durability of LED lights, government ban on incandescent lamps and attractive payback in terms of longer lifespan and enhanced performance. However, dominance of fluorescent lamps and high initial cost of deploying LED lights are some of the factors inhibiting the growth of this market.
Get free research sample: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2013.
Among all end-users, commercial segment was the largest and accounted for 52.5% of the market in 2012. It is expected to maintain leading position throughout the forecast period owing to increased use of LED lights in emerging regions namely Asia Pacific and Middle East. Architectural segment is the second largest end user segment and is expected to witness strong growth during the forecast period. Increased use of decorative and functional architectural lightings in landscapes, signage, statues, columns and other decorative features have been driving the market. Japan and Europe are the fastest growing regions fir architectural lighting.
Browse all Semiconductor and Electronics Market Research Reports@ http://www.transparencymarketresearch.com/semiconductor-market-reports-5.html
Geographically Europe was the largest segment and accounted for 33.1% in 2012 owing to increase in investment by government in efficient lighting technologies. In addition, countries such as Russia, Germany, Denmark and the U.K. are focusing on deployment of efficient lighting to improve lighting quality and to lower overall operational cost, which will further increase the demand for LED lighting products and solutions.
Most of the LED light manufacturers are focusing on development of cost effective products with improved performance to get competitive advantage. The global industrial and commercial LED Lighting market is dominated by few brands. The organized market players include Philips Electronics N.V., Osram Opto, Cree Incorporation, Cooper Industries Plc and GE lightings.
About Transparency Market Research
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
90 Sate Street, Suite 700
Albany, NY 12207
USA - Canada Toll Free: 866-552-3453