LED Lighting Market Trends and Forecast Will Grow at a CAGR of 21% in North America 2015-2019

Recent research and the current scenario as well as future market potential of "LED Lighting Market In North America 2015-2019" globally.


Albany, NY -- (SBWIRE) -- 11/28/2016 -- An LED is a semiconductor light source used for automotive lighting, backlighting, and general lighting in residential, office, retail, and hospitality spaces as well as in industrial, outdoor, and architectural applications. Its efficiency and low cost help address key issues such as energy crisis, resource scarcity, and climate change. It also enhances safety issues in cities and productivity in offices, besides providing an enhanced sense of health and well-being. Lighting consumes about 20 percent of the power generated worldwide, and by using LED lighting, people can save, on an average, up to 40 percent of energy annually.

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LED lights have many advantages over other lighting sources, which are as follows:
High-intensity brightness
Highly energy-efficient
Low voltage and current requirements
Low radiated heat
High reliability
Negligible UV rays
Long lifespan
Easily controlled and programmed

TechNavio's analysts forecast the LED Lighting market in North America will grow at a CAGR of 21.12 percent over the period 2014-2019.

Covered in this Report

The LED Lighting market in North America can be divided into three application segments including: Automotive Lighting, Backlighting, and General Lighting.

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TechNavio's report, LED Lighting Market in North America 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. It covers the market landscape and its growth prospects in the coming years. The report also includes a discussion on the

key vendors operating in this market.

Key Vendors

LG Innotek
OSRAM Opto Semiconductors
Philips Lumileds Lighting
Samsung LED
Seoul Semiconductor

Other Prominent Vendors

Emerson Electric
GE Lighting
Lite-On Technology
Toyoda Gosei

Key Market Driver

Adoption of Energy Star Certifications
For a full, detailed list, view our report

Key Market Challenge

High Cost of Raw Materials
For a full, detailed list, view our report

Key Market Trend

Increased Adoption of HB LEDs
For a full, detailed list, view our report

Key Questions Answered in this Report

What will the market size be in 2019 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?

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