LED Lighting Market is Projected to Grow Over 45 % Per Year by 2020 : Radiant Insights , Inc
“ LED lighting market is projected to grow over 45 % per year by 2020 . The market was estimated at $ 13 billion in 2014 and is likely to cross over $ 63 billion by 2020 .”
LED lighting market is projected to grow over 45 % per year by 2020 . The market was estimated at $ 13 billion in 2014 and is likely to cross over $ 63 billion by 2020 . Next generation lighting attains a complete substitute of luminous filament bulbs with LED lighting that lasts longer and is more efficient . These lightings also have low cost of operation significantly . Philips is the market leader for LED lights and it mainly focuses on higher margin activities . General competitive stress has severely impacted the overall industry ; as a result the price declining is majorly because of economic scale .
Samsung , Philips and OSRAm have been exploring GaN on silicon technology , Although , Epistar is working on 200mm technology . New market players are benefited by entry points provided by continuous market shifts . They also build considerable opportunities for industry participants to achieve rapid augmentation in market share . Market is anticipated to experience shifts in market share as retailers move up the value chain to provide returns on investments .
Browse Full Report With TOC @ http :// www . radiantinsights . com / research / led-lightingmarket-shares-strategies-and-forecasts-worldwide-2015-to-2020 /
Follow Us :