LED Lighting Market Revenue and Value Chain 2015-2025 FMI | Page 4

Report
Description
Report Description
The Global LED lighting market is further segmented by technology which includes ultraviolet
LED’s, basic LED’s, high brightness LED’s, polymer LED’s and organic LED’s.
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Global LED Lighting Market: Growth Drivers
The global LED lighting market is influenced by various factors such as macroeconomic
conditions which is impacting the new construction and subsequently new lighting installations.
Less replacement, less heat as well as the lower price are fostering the demand for LED lights
across the globe and strengthening the market of global LED’s. Such factors along with inclining
demand for cost efficient lighting systems from communities and buildings will intensify the
market for global LED lighting from 2015-2025. Besides this, innovation and change in
technology along with different product designs by LED light manufacturers are anticipated to
bolster the global LED lighting market. The rising government initiatives for conservation of
energy is also fo stering the growth of global LED lighting market.
Global LED Lighting Market: Regional Outlook
Geographically, the Global LED Lighting industry can be divided by major regions which include
North America, Latin America, Western and Eastern Europe, Asia-Pacific region, Japan, Middle
East and Africa. In 2014, Asia Pacific captured the highest share in the global LED lighting market
due to significant population growth, huge private sector LED lighting projects as well as the
suitable government policies. The LED lighting has become popular in Japan’s educational
institutions, retail stores and hospitals. Followed by it, Europe stood at second position in the
revenue of global LED lighting market as the demand for LED lights are gaining traction