Portland, OR -- (SBWIRE) -- 05/08/2018 -- A light-emitting diode (LED) is a semiconductor diode electronic device that emits visible light when current passes through it. When several LEDs are connected, the light emitted is monochromatic, and has a single wavelength. The output of an LED can range from red (approximately 700 nanometers wavelength) to blue-violet (about 400 nanometers wavelength). LEDs help to address key issues like energy crisis, resource scarcity, and climate change due to their high energy efficiency.

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The analysts forecast Global LED Industrial Lighting market to grow at a CAGR of 8.92% during the period 2018-2022.

Covered in this report
The report covers the present scenario and the growth prospects of the Global LED Industrial Lighting market for the period 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

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Global LED Industrial Lighting Market 2018-2022, 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 vendors
- Cree
- Dialight
- Eaton
- General Electric

Market driver
- Phasing out halogen, incandescent, fluorescent, and HID lamps
- For a full, detailed list, view our report

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Market challenge
- High cost of implementing LEDs
- For a full, detailed list, view our report

Market trend
- Increasing interest in CSP LED lighting for industrial applications
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2022 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?