LED is stands for light emitting diode. LED produces visible light when current is passed through a semiconductor device. The color of light depends upon energy required for electron to cross the band gap of semiconductor. LED can produce broad range of color such as red, yellow, blue, green, white, purple, bi-color, tri-color and infrared. LED’s are most efficient light bulbs in the market. It consumes 90% less energy compared to other bulb technology available in the market. Furthermore, LED offers long lifespan, durability, design flexibility, energy efficiency, economic efficiency, low-voltage operation, zero UV emissions, various sizes etc. LED’s are used in indoor lighting, outdoor lighting, and as a backlight source in LCD display, automobile lights.
Market Dynamics
Rising awareness among the people about energy shortage is expected to fuel the Global LED Lighting Market in the forecast period. People are becoming more aware about the global energy shortage, making more energy conscious choices in there day to day today life. Moreover, companies are also preferring LED over other light bulbs. LED are cheaper, provides long compared to other devices. Using LED devices companies also showcase their concern about environment which eventually help companies to create good will among the society. Government of different countries have separate bodies to create rules and regulation for energy consumption and also create awareness among the people about energy conversion. For instance, Bureau of Energy Efficiency, is an Indian Government agency specially established to develop programs which will increase the conservation and efficient use of energy in India. Make aware the people about current energy problems world facing. These factors will drive the growth of Global LED Lighting Market in the forecast period.
Market Taxonomy
This report segments the global strobe and beacons market on the basis of product type, service end-use industry, application and region. On the basis of product type, Global LED Lighting Market is segmented into LED Bulbs, Bare LED Tubes, LED Fixtures, LED Downlights and Others. On the basis of By Services, the Global LED Lighting Market is segmented into Installation Services, Consulting Services and Maintenance & Support Services. On the basis of By End User, the Global LED Lighting Market is segmented into Residential, Commercial and Industrial. On the basis of By Application, the Global LED Lighting Market is segmented into Outdoor, Indoor, Backlighting, Automotive and Others. On the basis of region, Global LED Lighting Market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.
Key features of the study:
Detailed Segmentation:
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Table of Contents
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