According to a report at MarketResearchReports.com, the usage of the General LED Lighting lamps in the United States is forecasted to reach around USD 3.36 billion by 2019.
Lewes, DE -- (SBWIRE) -- 03/05/2015 -- The launched report discusses about the market forecast and analysis of the consumption of Light Emitting Diode (LED) lamps in General Lighting applications in the United States of America.
The total market value of LED lamps installed in the General Lighting segment at United States reached USD 1.22 billion in 2014. The consumption value of LED lamps installed during the year 2019 is forecast to reach around USD 3.36 billion, representing a strong average annual growth rate of 22.4 percent (2014-2019). The consumption value is forecast to increase with strongly rising quantity growth slightly offset by declining average prices of the LED lamps. Market forecast data in this report refers to consumption (use) for a particular calendar year and hence this data is not cumulative data.
This new report provides the market forecast and analysis of LED lamps used for general lighting, including indoor and outdoor accent and functional lighting for residential, commercial and government areas.
The market study breaks-out the forecast by eight major lamp types : Parabolic aluminized reflector (PAR), General Service (A-Type), Decorative, Multifaceted reflector (MR) Compatible, Tube and Strips/Tape, Street-lights, High-Bay, and other/ miscellaneous LED lighting. The lamp categories, in turn, may have multiple sub-categories, which are determined by the physical size and Watt equivalents of the lamp.
The report quantifies the LED Tape by the meter price/quantity and over 15 million meters are expected for installation by 2015 in the United States. LED Strips have LEDs on a Flexible Printed Circuit board. Its super thin profile and narrow width makes it ideal for multiple purposes and extremely cost effective whereas fluorescent and halogen lights would be too bulky and would have higher consumption of power.
Several cities in the U.S.A. have already installed LED streetlights. It is stated that the installed value of LED-based lamps used in street lighting in the United Sates is forecast at $728 million by 2019. The Government sector leads in terms of consumption value in the LED-based street lamp product category. In 2014, the Government sector held 80 percent of the total LED streetlight lamp market in the United States.
To know more about this report please visit: LED Lamp General Lighting in the USA Market Forecast and Analysis
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