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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