Vendors seek control in their margins as there they are offering more pieces of LED light in the market. Based on product performance, Vendors compete with other providers of LED lighting. This is mainly measured by reliability, efficacy, augmented lumen output and light quality. Price of product associated with acceptable level of quality is the major competitive issue in the LED lighting market. LED vendors seek to present LED lighting products that holds superior product quality and that attains lower cost of ownership.
In commercial situations, LED lights decreases the labor costs of replacing bulbs. Furthermore, Firms dealing with LED bulbs are implementing new semiconductor technology which will positively impact the overall market. Communities and buildings lead the way of producing more cost efficient systems; this is expected to grow the LED lighting market significantly.
In some cases, the utility plants are providing financing and funding to the other firms so that most of the lighting consumers shift to LED lighting. Also, these lamps lower the total cost of lighting which attracts both vendors and consumers. They present up to 50,000 hours of lighting with fraction of energy used of conventional incandescent bulbs. Smaller size, improved durability, lower heat output, environment friendliness and digital controllability are the few benefits offered by LED lighting products.
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Market Leaders- Cree- Epistar- Everlight Electronics- GE Lighting Solutions- GYLED- Lighting Science Group- Lite-On Technology / Ledtek- Mitsubishi / Verbatim- Osram / Sylvania
- Philips
- Samsung- Solid State Lighting Systems
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