omkar abhang

LED Market : Market Development, Overview and Forecast upto 2024

Press Release   •   Jan 10, 2018 04:31 EST

Defined by energy efficiency and improved controllability, the advent of light-emitting diodes (LED) is considered revolutionary. By late 2014, LED lighting constituted a substantial share of the global lighting market. The trend is anticipated to continue through the report’s forecast period from 2016 to 2024.

Browse the Report @

https://www.transparencymarketresearch.com/led-market.html

A light emitting diode is defined as a two-lead semiconductor light source. Being a p-n junction diode, it emits light when activated. The recent developments introduced in LEDs allow them to be used in environmental lighting. LEDs have been witnessing surging demand worldwide due to the advantages they offer over incandescent light sources. These include lower energy consumption, improved physical robustness, longer lifetime, faster switching, and smaller size.

LEDs boast disparate characteristics. Thus, their applications are as diverse as aviation lighting, headlamps, automotive, general lighting, forensic, health care, advertising, signals and signage, lighted wallpapers, camera flashes, mobile devices, and electronic devices. LEDs have emerged as a powerful source for lighting; however, they remain somewhat more expensive and require more precise heat and electricity management than compact fluorescent lamps of similar output.

Request Sample @

https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=10685

Global LED Market: Key Opportunities and Threats

The growing awareness among consumers about the benefits of the longer lifespan of LEDs has been leading to their widespread adoption. The market is also expected to gain impetus from the declining prices of LED lamps, their growing application in display back lighting, and the high efficacy offered by LED lamps.

In the initial days, the application of LED lighting was limited to certain specific purposes and had not entered the mainstream. The emergence of LED in general lighting applications also helped the market to gain momentum. Given its rapid proliferation, the market for LED lighting is soon expected to surpass the conventional market for CFL.

Buy This Report@

https://www.transparencymarketresearch.com/checkout.php?rep_id=10685&ltype=S

Global LED Market: Vendor Landscape

Enterprises operating in the global LED market are strategically diverse, as they operate at various levels of the market’s value chain. Some of these enterprises focus only on manufacturing LED chips and components, while others are involved in the production of lamps and luminaries.

Key companies operating in the global LED market include Panasonic, LG, Samsung, and Philips.

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.

Contact

Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com