Industrial and Commercial LED lighting Market size and Key Trends in terms of volume and value 2015-2020
Deerfield Beach, FL -- (SBWIRE) -- 11/08/2016 -- A light-emitting diode (LED) is a two-lead semiconductor light source. LED lights are often used in the lamps as a replacement of incandescent light sources. LED lighting delivers high efficiency, high level of brightness, long lifespan and high reliability than incandescent bulbs. Moreover, LED consumes lesser power and is available in smaller size. LED lights saves up to 80% energy cost. LEDs lights are use in many industries such as street lights, parking garage lighting, and walkway and other outdoor area lighting, refrigerated case lighting, modular lighting, and task lighting.
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The industrial and commercial LED lighting market is mainly driven by increasing demand for High efficiency and long lasting LED lights. High initial cost of fluorescent lamps may hamper the industrial and commercial LED lighting market growth. However stringent government regulations and ban on incandescent lamps is also main driving factor for LED Lighting. Additionally, Stringent environmental regulations on use of incandescent bulbs in the developed regions like Europe and North America have been remained major market driving force for the industrial and commercial LED lighting market.
This report provides detailed analysis and forecast of the industrial and commercial LED lighting market on a global and regional level. The report includes detailed competitive landscape of the global industrial and commercial LED lighting market and an analysis of Porter's five forces model for the industrial and commercial LED lighting market has also been included. It includes company market share analysis, product portfolio of the major industry participants. The report provides detailed segmentation of the industrial and commercial LED lighting market based on application and region segment. Key application market for industrial and commercial LED lighting includes industrial, commercial, architectural and outdoor. Commercial was the leading application segment for industrial and commercial LED lighting market. Commercial segment includes retail, hospitality, warehouse storage, office buildings, and education institutes applications.
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Major regional segments analyzed in this study include North America, Europe, Asia Pacific, Latin America, and Middle East and Africa with its further bifurcation into major countries including U.S., Germany, France, UK, China, Japan, India, and Brazil. This segmentation includes demand for industrial and commercial LED lighting based on individual applications in all the regions and countries. Europe was dominated industrial and commercial LED lighting market in 2014 due to increase in investment by government.
The report covers detailed competitive outlook including company profiles of the key participants operating in the global market. Key players profiled in the report include Zumtobel AG, Digital Lumens Inc., Cree Corporation, Philip Electronics N.V., Osram Licht AG, Digital Lumens Inc., GE lightings, Toshiba Corp., Dialight Plc, and Cooper Industries Plc.
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Industrial and Commercial LED lighting Market: Application Segment Analysis
Industrial and Commercial LED Lighting Market: Regional Segment Analysis
Middle East And Africa
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