LED Lighting Market Revenue and Value Chain 2015-2025 FMI | Page 3

Report
Description
Report Description
LED light is a light-emitting diode product which is accumulated into the utilization in lighting
fixtures. It is basically a semiconductor lighting source operate in different applications such as
automotive lighting, general as well as backlighting. It has been noticed that LED’s are smaller
and have a lengthier operating life as well as lower cost of ownership as compared to previous
technologies in the similar area. The prices of LED’s have reduced to a point where such type of
lighting is becoming the economic choice in every application. The acceptance of LED lighting is
escalating in almost all major end uses such as industrial buildings, residential and commercial
buildings, as well as outdoor application areas. The LED lighting systems provide more energy
efficiency and longer life span. The LED light provides a lifetime of nearly 50,000 hours of
brightness and work effectively by using only a fraction of energy as is utilized by traditional
bulbs and CFL’s. The LED lights compete with old and traditional bulbs on various parameters
which include longer lifetime, energy efficiency, enhanced environmental friendliness, better
durability, lower heat and smaller size. The Global LED lighting market has showcased rapid
growth over the past few years. The Global LED lighting market is anticipated to grow at a
stupendous CAGR over the period 2015-2025 with a substantial revenue in 2025. Thus, the
revolution in LED is gaining traction in terms of market dynamics.
Global LED Lighting: Market Segmentation
The Global LED lighting market is segmented on the basis of organizational structure such as
organized and unorganized. The Global LED lighting market is further bifurcated by application
areas such as automotive, general and backlighting. The LED lighting market in automobile
industry is rising as LED’s are initiating to be used in mass market automobiles. The Global LED
lighting market is also divided on the basis of end-user segment such as commercial, general,