The Use of LED-Based Lamps/Devices in Public Transportation Vehicles Reached $1.19 Billion in 2014, Finds New Report
Market Research Reports, Inc. has announced the addition of “LED Lighting for Public Transportation Vehicles Global Market Forecast & Analysis” research report to their website http://www.MarketResearchReports.com
Lewes, DE -- (SBWire) -- 03/11/2015 --The report provides actual consumption (use) market data for 2014, plus the year-by-year forecast through 2021.
According to the market research study, the world use of LED-based lamps/devices in public transportation vehicles reached $1.19 billion in 2014. The bus vehicle category, which includes Bus Rapid Transit (BRT) and coach (long-distance buses), led in relative market share of global consumption with 38.7% in relative market share. However, all of the rail-vehicle categories are forecast for (much) faster annual growth than the bus vehicle category.
The use of LED-based light/devices in public transit watercraft/ferries held a minor market share (0.3%) with $3.6 million in value last year; however, as use of watercraft/ferries continue to join a wider acceptance with transit authorities and the general public, funding for green-tech lighting/energy consumption will increase (long-term).
"Public transportation vehicles are incorporating energy efficient LED interior and exterior lighting, installed in new vehicles by the vehicle manufacturers, vehicle refurbishing projects, as well as on-site retrofitting and maintenance programs by the transit authorities. Both categories (exterior and interior) are forecast for steady growth," said Stephen Montgomery, Director of the LED Lighting market research group at ElectroniCast Consultants.
"Public transportation projects are a major element to regional development throughout the world. New and renovated vehicles include numerous improvements, which enable more comfort and safety for the passengers and operators. LED lighting manufacturers and suppliers with understanding of this market segment are set to enjoy strong sales potential," Montgomery added.
For the purposes of this study, study defines public transportation as a shared passenger transportation service, which is available for use by the general public. Public transportation vehicles, included in this study, are listed below. The LED lighting public transportation vehicles global market is segmented into the following vehicle (type) categories:
- Rail and Rapid Transit Vehicles
- Light-Rail, Tram/Trolley/Streetcar
- Rapid Transit/Metro and Subway/Underground
- High-Speed, Commuter/Intercity and Long-Distance
The market forecast is also segmented into the following product-type:
- LED Linear Lamps (Tubes)
- LED-based Back Light Unit (BLU) Bars for LCD Display Screens
- LED Signage/Destination Sign Board Modules
- Other/Miscellaneous LED Lamps and Luminaries
The use of LED-based lamps/devices in public transportation vehicles reached $1.19 billion in 2014, led by the bus with 38.7% in relative market share…
Spanning over 651 pages, "LED Lighting for Public Transportation Vehicles Global Market Forecast & Analysis" report covers the Executive Summary, LED-based Lamps used in Public Transit Vehicles Market Forecast by Vehicle Type, LED-based Lamps in Public Transit Vehicles Market Forecast by Product Type, Technology Trends and Analysis, Profile Briefs of LED and Related Companies -- Selected Competitors, ElectroniCast Market Research Methodology.
For further information on this report, please visit- http://www.marketresearchreports.com/electronicast/led-lighting-public-transportation-vehicles-global-market-forecast-analysis
Find all Components Reports at: http://www.marketresearchreports.com/components
About Market Research Reports, Inc.
Market Research Reports, Inc. is the world's leading source for market research reports and market data. We provide you with the latest market research reports on global markets, key industries, leading companies, new products and latest industry analysis & trends.
For regular industry updates subscribe to our newsletter at:
Media Relations Contact
VP - Sales & Marketing
Market Research Reports, Inc.
View this press release online at: http://rwire.com/585671